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 of commercial building foreclosure …

Comment by uberVU – social comments: … Real Estate Foreclosures Rise More Than 25 Percent …

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Category: Dallas Bankruptcy , Economy , Foreclosures , Unemployment - Job Loss

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… to cope with more than 290,000 foreclosure cases… A majority on the high court’s Task Force on Residential Mortgage Foreclosures recommended trying mediation on owner-occupied homes before cases go to court, with lenders picking up the tab. Borrowers would be contacted by phone and mail and asked to participate. The high court did not immediately act on the proposal.”

But lenders don’t want to pick up the tab to mediate foreclosure disputes. They want at least a 50/50 split of …

Category: Economy , Foreclosures

Tags: Alternatives to Forclosure Residential Foreclosures

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… 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 sale in March.  That’s 30% more than the same period last year, and it shows that many homeowners are still …

Category: Bankruptcy , Economy , Foreclosures , Loans / Mortgages

Tags: Bankruptcy Dallas-Fort Worth Foreclosures

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… companies would be a step towards lessening mortgage fraud and in turn easing the number of foreclosures we will face in the future.

Category: Economy , Foreclosures

Tags: Foreclosures Fraud Mortgage

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Foreclosures in the Dallas- Fort Worth area rose again by 18 percent compared to last month’s foreclosure filings.  But compared to last year’s foreclosure filings in the same month, the foreclosures increased by a whopping 37 percent.  Many analysts believe that many foreclosures that were on hold at the end of 2009 are now being released causing the most recent rise in foreclosures.  …

Category: Breaking News , Economy , Foreclosures , Loans / Mortgages , Unemployment - Job Loss

Tags: Dallas-Fort Worth Foreclosures HAMP

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… Housing Administration are literally draining the agency of its cash reserves. The number of FHA foreclosures has increased 26 percent within the past year and at least 9.1 percent of FHA borrowers are at least 3 payments delinquent on their mortgage payments as of December.

The problems are rooted in FHA mortgages made in 2007 and 2008. Those loans are now maturing into their worst years because failures most often occur two to three years after a mortgage is made…If the trend …

Category: Economy , Foreclosures , Loans / Mortgages

Tags: FHA Foreclosures

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Dallas- Fort Worth residential foreclosures schedule for January remain on the high end.  In Dallas County, there were 2,502 foreclosure postings for December while Tarrant County experienced 1,500 foreclosure postings.  But many mortgage lenders and servicers are holding back a backlog of foreclosures for the holiday which many suspect they will unload come January 2010. Many homeowners who have not paid …

Category: Economy , Foreclosures

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According to an article in the Star-Telegram, the number of foreclosures in Tarrant County have increased by 35 percent since November 2008.

The article said:

“At this pace, and with only December’s postings remaining to be filed, I fully expect D-FW residential postings for 2009 to top 60,000, which will be an all-time record high,” Roddy said in a statement.

The number of foreclosures in the Dallas-Fort Worth area has already tripled …

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

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… to an article in Reuters, America’s high unemployment rate is causing a surge in the number of foreclosures and bankruptcy filings nationwide.

The article said:

“Among U.S. homeowners with mortgages, a record 7.58 percent were at least 30 days late on payments in August, up from 7.32 percent in July…By comparison, 4.89 percent of mortgages were 30 days past due in August 2008…The rate of subprime mortgage delinquencies now tops 41 percent, up from about 39 percent in each of …

Category: Bankruptcy , Economy , Foreclosures

Tags: Bankruptcy Foreclosures Unemployment

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According to an article in the Star-Telegram, the rise in foreclosures has slowed Tarrant County’s net taxable property values putting many cities on a tight budget.

The article said:

“Tarrant County’s net taxable property values increased the smallest amount in 15 years, creating fear among many local government officials as they prepare their budgets for next year.

The data released Monday shows a 2 percent increase in the net taxable …

Comment by Hal: … another round of foreclosures ratcheting up. I …

Category: Foreclosures , Fort Worth Attorney , Lawsuits

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… malls, hotels and offices are succumbing to foreclosure at an alarming rate. The number of foreclosures on office and retail space has risen by 110 percent devastating many small businesses. And those who haven’t faced foreclosure yet are often delinquent on their loans. Delinquency rates on commercial loans have doubled in 2009, jumping by 7 percent, an ominous sign of future foreclosures in this sector. Even foreclosures on land has risen since January 2009, with 252 foreclosures …

Category: Economy , Filing Bankruptcy , Foreclosures

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… Dallas Morning News a handful of banks are responsible for as much as 40 percent of all the home foreclosures in the Dallas- Fort Worth area in 2008.

The article said:

Two financial firms – Wells Fargo and Deutsche Bank – were responsible for about a quarter of the residential foreclosure filings, according to a study of residential property foreclosure sales in 2008. Other major U.S. lenders, including U.S. Bancorp, Citigroup and Countrywide Financial, were on the list of …

Category: Foreclosures

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