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News | Home » Archives by category » Property Types
The late Charles Fondow’s real estate that creates the illusion of a castle, located at 2309 Wichita St. in Riverside Terrace slipped into foreclosure, the Swamplot reports. According to the latest information the secret castle-like property was listed for sale with a price tag of $325,000 since last May. The property has a history of [...]
It was meant to change the scene in the heart of Houston, but the financial crisis did not avoid the highly awaited project. Houston Pavilions is now heading for a sale or – the worst scenario – to a foreclosure sale. The mixed-use real estate development has been placed into receivership, to oversee it and [...]
A strip of beach right in front of Galveston’s seawall, which generated controversy for years is now heading to a liquidation sale. The sale is up to satisfy the bankrupt Porretto’s creditors. Sonya Porretto and Rosemarie Porretto own the land located between Sixth and 27th St., but as the financial crisis hit them, they filed [...]
Cypress Real Estate advisors took over about 1,000 acres with a $1 million bid at a foreclosure auction. With no investor interested in purchasing the resort, the property went back to its lender, and Austin-based company, which is the second lien holder and subject to the first lien debt of $24 million owed to BB&T [...]
Recent informations obtained by The Courier show the financial crisis has hit the La Torretta resort too. Its recent legal and financial activity shows an imminent threat of foreclosure. Dallas Attorney Wyatt Maxwell of Perkins Cole is named as substitute trustee and Barclays Capital Real Estate as beneficiary in a notice of default, that was [...]
The troubled Six Flags Mall is scheduled to be sold at foreclosure auction December 10, after the lender, International Bank of Commerce has decided to stop waiting. The mall was on the market for more than three years now. This mall is one of the bank’s 150 property portfolio, which will hit the auction block [...]
Waco Town Square Partners, the entity which developed the Austin Avenue Flats loft and retail complex in Waco decided to file for Chapter 11 bankruptcy last month. The principals of the Waco partnership, David Wallace and Costa Bajjali are the owners of Wallace Bajjali Development Partners, the firm that is the master developer for a [...]
Brad Gana’s home was destroyed by Hurricane Ike in 2008, while he was overseas. However, Gana did not stop his mortgage payments. But problems appeared two days before he planned to sell the property. Although he was current on his mortgage, he has learned that Bank of America, his lender is foreclosing on his property. [...]
John Garnaas and his company Ladco Development are facing hard days as two more foreclosure lawsuits were added to the already existent three, alleging failure to meet debt obligations. The lawsuits were filed by two separate lenders: Community State Bank and Baker Mechanical Inc and they total $2.04 million in unpaid debt. With these lawsuits [...]
Harris County residential and commercial properties slipping into foreclosure recorded a significant rise in September compared to last month. The number of properties hit with foreclosure totaled 3,480, which is 11.4% higher than the 3,124 properties posted in August, but still 25.82% lower than the 4,691 properties posted for foreclosure in September 2010. At the [...]