Monday, May 21, 2012

D-FW commercial foreclosures up 12% - Dallas Business Journal:

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In the first seven months of the Foreclosure Listing Servicefound 1,245 foreclosurew notices filed on commercial properties. That is up from 1,1165 filings recorded during thesame seven-month period last In the office building Foreclosure Listing Service said the number of foreclosure notices filed on thosde properties increased 109 percent in the Dallas-Fort Worth area when comparinh the first seven monthss of this year to 2008. “So far this 138 postings have been filedon D-FW offic buildings compared to only 66 by this time last said George Roddy Sr.
, president of Retaill centers and buildings had the seconc highest number of foreclosurse postings, with the filings jumping 108 percent in the first sevenh months of the year. In all, there were 166 foreclosure noticexs filed against retail centers during the first seven monthds ofthe year, up from 80 listingxs during the same period last Despite an uptick in commercial foreclosuree filings, Roddy said the numbers pale in comparison when comparingt filings in the commercial sector to thosw in the residential sector. “Year-to-datse foreclosure postings of commercial real estatd climbed at a much more moderate pace thanresidentiall postings,” said Roddy.
“Foreclosurwe notices filed on commercial real estate locatec in the Metroplex climbed just 12 percent so far this year comparedx to the 20 percent gain on the residential side ofthe

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