DALLAS (Dallas Morning News)
– In the first half of 2011, nearly half a billion dollars in
Metroplex commercial properties were sold in foreclosure sales.
That dollar amount is down 30 percent from last year.
The total number of properties sold was also down from 2010. Three hundred
properties have been sold so far this year, a 7 percent
drop from 2010.
“What we are seeing is just phenomenal compared to what it could have been,”
said George Roddy with Foreclosure Listing Service. “We heard predictions of
how much commercial property would be foreclosed on, and it hasn’t gotten there
yet.”
