Have you noticed the commercial centers near you growing a little quieter lately?  If so, you’re not alone.  Commercial real estate nationwide has taken a beating that has many experts fearing the worse.  Vacancy rates have soared while rents have hit rock bottom. And many property owners are struggling to avoid foreclosure. Some have even [...]

As the foreclosure crisis worsens, many homeowners facing foreclosure are finding themselves the target of sensationalists, whiners and finger-pointers. The foreclosure crisis, some say, is the result of irresponsible, greedy homeowners who have taken on more than they could handle and now they’re experiencing the consequences of their extravagance.  But is that really true?
The foreclosure [...]

There’s an interesting article in the Huffington Post, which suggests a unique (well not so unique) solution to the foreclosure crisis.
The author said:
“Let’s have a federal bill that states that any bank that took a bailout loan and hasn’t paid it back yet isn’t permitted to foreclose on anybody’s primary residence. In addition, bonuses for [...]

According to an article in the Star-Telegram, Margaux Development has filed for Chapter 11 bankruptcy in an attempt to reorganize its real estate partnerships, including Margaux Westover Partners which owns the 35-acre Margaux Westover Village at the southeast corner of Green Oaks Road and Texas 183. In its bankruptcy filing, Margaux Westover Partners lists its [...]

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 [...]

According to an article in the Herald Tribune, in some jurisdictions, the number of foreclosure filings filled with errors and false statements are at such a high rate, that many homeowner advocate groups are looking for ways to identify and punish attorneys who file foreclosures with false information.
The article said:
“Some of the most egregious [...]

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 [...]

According to an article in the Dallas Morning News, lenders have filed foreclosure on the 42 acre redevelopment site located at the northwest corner of North Central Expressway and Walnut Hill Lane.  The hillside property was slated to become an urban village with housing, retail and office space.  But the development of the site [...]

According to an article in the Star-Telegram, Le Bijou, the luxury residential complex in downtown Fort Worth, was foreclosed on by their lender on September 1st. The lender blamed the economic downturn for the foreclosure while praising the complex luxurious design.
The article said:
“When it hit the market, Le Bijou boasted the most units priced [...]

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 [...]

Lawmakers concerned that change is not fast enough for the crisis.
The foreclosure crisis is still wreaking havoc on communities.  The Star Telegram published updated foreclosure statistics this week.  The article noted the highs and lows, stating that, “Residential foreclosure postings for the August Tarrant County auction are down significantly from the July 7 auction, but [...]