The Dallas Morning News reports in July, 2008 that Dallas luxury home foreclosures of $1 Million and up have doubled in the DFW area. This means the mortgage industry problems are rising among affluent homeowners. "Foreclosures of million-dollar-plus houses are the fastest-growing segment of the Dallas-Fort Worth distressed home market, according to a new study. "
"More than 70 residences that went for $1 million and up have been posted for foreclosure in the first half of 2008 – more than twice the number in the same period last year, Addison-based Foreclosure Listing Service said Thursday. "
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Texas Foreclosure Property
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