Plano Redevelopment Foreclosure Filing Ranks as One of the Largest

$388 million foreclosure posting in Legacy business park is one of the biggest in decades

Developers redoing the former J.C. Penney headquarters in Plano are being threatened with a forced sale.
Vernon Bryant/The Dallas Morning News

Everything is big in Texas — including foreclosures.

Back in the 1980s, so much Texas real estate was sold at foreclosure auctions that it was described as the biggest change of U.S. property ownership since the Louisiana Purchase.

Since the Great Recession of a decade ago, new foreclosure filings in North Texas have been fewer and farther between.

Read more from NBC 5's media partner The Dallas Morning News.

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