According to a recent story in the Dallas Morning News, 333 commercial properties valued at a total of over $1 billion are scheduled for auction in April sales.
Even in an area of the country that has felt less of the “Great Recession” than most, the economic downturn is still being felt. Many of the owners of these properties will likely be able to renegotiate their debts with the banks involved. If not they may use the bankruptcy courts to restructure the debt and maintain ownership, or at least management of the property.
