Great reporting by Steve Brown in the Dallas Morning News on how a wealthy, Harvard-educated, Park Cities-living businessman named Rene Campos, Jr. got $1.5 million in stimulus funds for a troubled west Oak Cliff apartment complex that is in pretty bad shape. Like, some say, a slum. But no, says Campos, it’s not a slum. [...]
Happening in Dallas real estate, happening everywhere, and I told you so, how the Obama administration thinks they’ll pay them off. Well, seems those second lien holders are holding up a lot of the negotiations between borrowers and their primary mortgage companies to whittle out a deal. And the Treasury Department is standing by, helpless. [...]
Dallas real estate in the raw! Look at this Texas-sized foreclosure on posh Waller Drive: last listed with Cindy O’Gorman for $3,995,000 and now in foreclosure as of a few days ago. RealtyTrac is saying the bidding starts at $4,495,000? I don’t think so. But that’s not to be trusted — it also says the [...]
