More than 5.7 percent of Dallas- Fort Worth homeowners are more than 90 days delinquent on their mortgage and facing a possible foreclosure.  Plus, another 1.41 percent of Dallas-Fort Worth homeowners are already in foreclosure.  The irony of this is that we are constantly being told that the recession is clearing and that things are getting better.  But all the while Dallas-Fort Worth homeowners are risking foreclosure …

Category: Dallas Bankruptcy , Economy , Foreclosures , Fort Worth Bankruptcy

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According to an article in the Dallas Morning News, more than 250 Dallas- Fort Worth area commercial and investment properties are facing foreclosure in October. The properties have more than $400 million in debt attached to them and included in the foreclosure filings are several large developments.

The article said:

“The just-completed Two Addison Circle office building on the Dallas North Tollway is scheduled for foreclosure action by lender Wachovia Bank. …

Category: Dallas Bankruptcy , Foreclosures , Fort Worth Bankruptcy

Tags: dallas foreclosure fort worth Real estate

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More than 42,000 Dallas-Fort Worth area homes have gone on the foreclosure auction block since January 2008, up more than 35% from 2007, according to the Dallas Morning News. This is a new record for Dallas-Fort Worth. But despite the rise in foreclosures, the market remains unstable with only 40% of the homes being sold after they go to auction.

There seems to be an unusual surge of homes going into foreclosure as …

Tags: Dallas-Fort Worth foreclosure

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There were 2,431 Dallas- Fort Worth commercial real estate foreclosures in 2009, that’s up from 1,900 commercial foreclosures in 2008.

The biggest rise in commercial foreclosure filings in 2009 was in postings for office – up 121 percent – and retail buildings, up 20 percent.  Foreclosure filings for commercial land also increased by 71 percent compared with 2008. Apartments were near the top of the list …

Comment by uberVU – social comments: … Dallas-Fort Worth Commercial Real Estate …

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Tags: dallas foreclosure North Texas

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Despite claims that the recession has ended, foreclosures in the Dallas-Fort Worth area continue to rise. Rising job losses and prolonged unemployment are major factors contributing to the foreclosure crisis. More than 61,000 homeowners are facing foreclosure, an increase of 23 percent since 2009.  And despite efforts to slow the wave of foreclosures, most experts fear that the problem is worsening. The foreclosure prevention programs have proven ineffective as …

Tags: Dallas Foreclosure Fort Worth Foreclosure Mortgage

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According to an article in the Star-Telegram, Dallas- Fort Worth has one of the worst oversupply of condos in the country.  Dallas alone has a five-year supply of million-dollar condo units sitting empty.  The high priced condos account for 1 out of every 4 condos in foreclosure The glut of condos have been hurting prices and forcing many condo owners into foreclosure because they simply can’t sell their units for anywhere near what they …

Category: Dallas Attorney , Economy , Foreclosures , Fort Worth Attorney , Loans / Mortgages , Unemployment - Job Loss

Tags: Dallas-Fort Worth foreclosure Mortgage

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… in the Dallas Morning News, the number foreclosures scheduled for next month in the Dallas- Fort Worth area  increased by 34 percent from a year ago.

The article said:

“Much of the increase is due to loan modification programs, which have delayed foreclosures from previous months. Almost 6,000 homes are scheduled to be sold at foreclosure next month…”

And some of the foreclosures are reposts from previous months.  Many homeowners attempting to avoid foreclosure thorough …

Category: Bankruptcy , Dallas Bankruptcy , Economy , Foreclosures , Fort Worth Bankruptcy , Loans / Mortgages , Subprime Mortgages

Tags: Dallas-Fort Worth foreclosure Mortgage

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… residents are creating a budget crisis for homeowners associations, especially in Dallas- Fort Worth area. With many properties vacant and other homeowners failing to pay their dues, the associations are struggling to provide basic maintenance.

The article said:

“To increase collections and balance their books, many associations are raising dues, imposing emergency fees and even forcing foreclosures. Others are saving money by deferring maintenance and capital improvements, …

Category: Credit Crisis , Economy , Foreclosures , Fort Worth Bankruptcy

Tags: foreclosure Foreclosures Fort Worth Texas

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Cities in Tarrant County are being hit hard by the foreclosure crisis which has slowed down property value increases this year.  According to an article in the Star-Telegram, because of foreclosures and slow property sales, Tarrant County’s property values rose only 2.4 percent this year, the smallest increase in 15 years.

The article said:

“The overall 2.4 percent increase falls well short of gains in recent years, which have ranged …

Category: Breaking News , Foreclosures , Fort Worth Bankruptcy , Subprime Mortgages

Tags: Dallas-Fort Worth foreclosure Property tax Real estate

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… like the city’s recreational facilities facing budget shortfalls and closure.  Unfortunately, Fort Worth, like many other municipalities around the country has suffered tax revenue declines caused by the battered economy and now they may need to close the city’s swimming pools–indefinitely.

Most of the city’s swimming pools will be closed next summer, and the Parks Department doesn’t have the money to build new ones, not even with revenue from natural gas drilling, officials …

Category: Fort Worth Bankruptcy

Tags: Bankruptcy City Council fort worth

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According to an article in the Dallas Morning News, Dallas- Fort Worth ’s commercial real estate industry may face another year of foreclosures as more properties lose value and financing.

The article said:

“The vast majority of buildings bought after 2005 are absolutely not worth the debt,” said Paul Whitman, president of commercial real estate firm Jones Lang LaSalle’s Dallas office. “Don’t be shocked that there will be hundreds of …

Category: Dallas Bankruptcy , Economy , Foreclosures , Fort Worth Bankruptcy

Tags: Dallas-Fort Worth foreclosure Real estate

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… If you’re in financial hot water, it may be too late to do anything but consult an experienced Fort Worth bankruptcy attorney to help bail you out.

If you’re in financial hot water, it may be too late to do anything but consult an experienced Fort Worth bankruptcy attorney to help bail you out.  However, even then, the following steps will definitely go a long way toward improving your financial (and emotional) state of being.

1.  Make a realistic budget–and stick to it! …

Category: Chapter 7 Bankruptcy , Debt and Tax Relief , Fort Worth Lawyer

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