The number of distressed properties and foreclosures since the beginning of 2009 has created a huge backlog in the first quarter of 2010. This is an issue of concern because it is overshadowing the actual housing market recovery in the state of Texas and in Dallas as well. There are hundreds of thousands of [...]
The year 2009 is being looked at one of the most economically unstable years in the history of US economy. Apart from the recession, a staggering 2.8 million properties in the US received foreclosure notices, which was a jump of 120 percent since 2007. Texas was ranked amongst the top 10 states in the [...]
Dallas, TX has seen a rise in the number of foreclosures from the first quarter of 2009. Total number of foreclosures recorded in Dallas in December 2009 was 1869 although the highest numbers of foreclosures were recorded in Harris County (3051). Tarrant County, Bexar County, and Collin County recorded 1387, 1141, and 746 foreclosed [...]
Texas foreclosure rate jumped by 17 percent in the last quarter of 2009 and Dallas has a prominent role to play in this unsettling increase. By the end of the Third quarter of 2009, the total number of foreclosed properties in Texas was 29,838 and this included 12,492 REO’s (real estate owned). The rate of [...]
The year 2009 saw dip in foreclosure filings as well as unprecedented increases in the foreclosure rate in the Dallas – Fort Worth area. But one of the saddest aspects is that the most exclusive hotel property in the Dallas – Fort Worth area is now facing a possible foreclosure. According to the [...]
