According to an article 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 [...]
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 stalled [...]
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 [...]
According to an article in the Star-Telegram the rising number of foreclosures and unemployed 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 [...]
According to an article in the Star-Telegram, despite the growing foreclosure crisis, the nation's largest banks such as Goldman Sachs and JPMorgan Chase have not changed their reckless behavior. Many of the banks who have received tens of billions of dollars in federal bailout money are still up to their old tricks and risky investments. [...]
According to an article in the Star-Telegram, the Making Home Affordable program continues to fail to hit the mark in preventing foreclosures on any significant scale. The article said: "As of last month, more than 360,000 borrowers were enrolled in three-month trial loan modifications, out of about 570,000 who received offers. Only about 85,000 homeowners [...]
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 [...]
The December 1st deadline for securing the $8,000 tax credit for buying a new home (if you're a first-time buyer) is quickly approaching. But is this program just a government sponsored no-money down scheme that could increase the number of foreclosures in the long-term? According to an article in the Star-Telegram, the tax credit has [...]
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, [...]
According to an article in the Star-Telegram, America's foreclosure crisis is hitting cities hard, forcing them to cut back on services and implement job losses. Unfortunately, Dallas-Fort Worth is amongst the foreclosure casualties. The article said:"...NLC research director Christopher Hoene warned that cities including Los Angeles , Dallas and Chicago have explored cuts to public [...]