Why More Commercial Real Estate Foreclosures Could Hamper A Recovery
Commercial real estate foreclosures may be poised to be a major Achilles heel for the financial recovery we all hope to see. Many commercial real estate properties are losing serious value and tenants causing...
How Bankruptcy Helps Seniors Enjoy Their Golden Years
Rising inflation and stagnant pensions and retirement incomes are leaving many senior citizens vulnerable to financial troubles. More senior citizens are facing foreclosure, loan defaults on credit cards and significant reductions in their standard...
Foreclosure Crisis Hits A Dallas Landmark
One of Dallas' oldest skyscrapers, the 52-story Elm Place tower at 1401 Elm Street, is closing down due to a foreclosure and an extremely low occupancy rate. [Guerrino] Savio [who represents the owners] said...
2010’s Bankruptcy Indicators
At the end of 2009 we heard many commentators celebrate the ending of the recession and the arrival of a new year that would bring lower unemployment and more economic activity. However, the real...
More Dallas-Fort Worth Homeowners Face Foreclosure
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. ...
Muzak Holdings LLC Prepares To Emerge From Chapter 11 Bankruptcy
Muzak Holding LLC a music and entertainment company which provides background music in stores, hotels and elevators just received approval of its Chapter 11 bankruptcy reorganization plan and hopes to exit Chapter 11 bankruptcy...
Have Subprime Lenders Shifted To FHA Programs?
The Federal Housing Authority (FHA) announced that it has served subpoenas on 15 mortgage companies with suspiciously high default rates and foreclosures for loans backed by the FHA. On Tuesday, Department of Housing and...