7 Foreclosure Filings Later, A Houston Property Approaches A Loan Workout

Barchart · 10/17 03:54
More than half a dozen times this year, a substitute trustee filed paperwork with the Harris County Clerk showing intention to sell a 25-story Uptown Houston office tower at the soonest foreclosure auction. But that sale hasn’t happened. And despite a paper trail of bad news, the property could be reaching firmer ground in the form of a loan workout as a new capital environment prioritizing solutions wends its way through the system.