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

Tags: Arlington Bedford Colleyville dallas Desoto Euless foreclosure fort worth Grand Prairie Grapevine Hurst North Richland Hills Plano Richland Hills Southlake

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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 …

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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 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 …

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

Tags: Dallas-Fort Worth foreclosure Mortgage

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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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… 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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According to an article in the Star-Telegram the rising number of foreclosures and unemployed 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 …

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

Tags: foreclosure Foreclosures Fort Worth Texas

… 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 from 6 to 11 percent since 1994.”

This shortfall has put increased pressure on city government budgets, many …

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

Tags: Dallas-Fort Worth foreclosure Property tax Real estate

According to an article in the Star-Telegram, Dallas- Fort Worth senior citizens are being targeted by a company claiming that they can help them pay less in property taxes.  Many senior citizen homeowners have received very official looking papers in the mail with a Fort Worth P.O. Box asking that they send $55 for help reducing their property taxes.

The article said:

“When Gilberto Perez received an …

Category: Fort Worth Attorney , Lawsuits , Property Exemptions

Tags: Better Business Bureau Fort Worth Texas Fort Worth Star-Telegram Property tax

… 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

Tags: Credit card Finance Financial crisis fort worth Health insurance Insurance

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… millionaires.  However, one of the most beautiful gardens is in our own backyard, the Fort Worth Botanical Gardens.  If you have never strolled the gardens, then you are past due for a dose of serenity.  As the admission for the general grounds is free, it’s probably the cheapest form of stress relief in the area.  But don’t go just for the view or to smell the roses.  Go to enjoy and take-in an important piece of history.  Just before you enter the arches of the rose …

Category: Economy , Fort Worth Bankruptcy , Fort Worth Lawyer

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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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