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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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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… 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 …

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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

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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

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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, …

Comment by mitchell drimmer: … (if allowed by Texas law). Then cram the title down …

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

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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! …

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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 …

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October’s reports on declining sales tax revenues have shown that the state of Texas is still suffering from consumer spending contractions.  Sales tax revenue has declined a full 15 percent statewide, 17 percent in Fort Worth with Dallas fairing a little better at a 5.3 percent decline.  An unrelenting string of job losses, elevated long-term unemployment and increased vulnerability to foreclosure have caused many consumers to spend more cautiously than many …

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… pressure on city government budgets, many of which are suffering from deficits. Even in Dallas- Fort Worth, city officials are considering cuts to services to make up the budget difference. Most of the cities in Tarrant County depend heavily on property taxes which have become depressed because of the foreclosure crisis. And many homeowners who are not in foreclosure have taken their depressed home values as an opportunity to file challenges to their property tax amounts.  So far, …

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

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According to an article in the Dallas Morning News, some advocates for Dallas- Fort Worth ’s low-wage workers accused the Texas Workforce Commission of stalling a payout of 13 additional weeks of unemployment benefits to workers who have been unemployed for more than a year. The Texas Workforce Commission claims that they must indefinitely delay unemployment benefit extension checks due to technical problems and their inability to adhere to federal rules regarding the …

Category: Foreclosures , Fort Worth Attorney , Unemployment - Job Loss

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5,548 Dallas- Fort Worth area homes were posted for forced sale in March’s foreclosure auctions.

 

Concerning foreclosures, the Dallas-Fort Worth area is definitely not out of the woods yet.  There has been somewhat of a turnaround in the economy, but many people are continuing to struggle.  According to Dallas area-based Foreclosure Listing Service Inc., 5,548 homes were posted for forced …

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