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Economy

Allmand Law Firm
February 4, 2010 Economy, Foreclosures

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...

Allmand Law Firm
February 3, 2010 Bankruptcy, Economy, Foreclosures

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...

Allmand Law Firm
February 2, 2010 Economy, Foreclosures

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...

Allmand Law Firm
February 2, 2010 Bankruptcy, Economy

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...

Allmand Law Firm
February 2, 2010 Economy, Foreclosures

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. ...

Allmand Law Firm
February 1, 2010 Chapter 11 Bankruptcy, Economy

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...

Allmand Law Firm
February 1, 2010 Economy, Loans / Mortgages

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...