>Dallas area has a flood of hotel foreclosure filings

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>A perfect storm of overbuilding and a depressed economy is threatening a growing number of Dallas-Fort Worth hotels with foreclosure.In the first four months of 2010, more hotel foreclosure filings have been recorded in North Texas than in all of last year.

And the industry outlook is for defaults to increase.

“The hotel market here got overbuilt and overfinanced,” said George Roddy, whose Foreclosure Listing Service track property foreclosure filings in more than two dozen Texas counties. “There are just too many of them.”

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