World Class foreclosure sales canceled after Paxton legal opinion



a man wearing glasses and looking at the camera: Nate Paul is the founder of World Class Holdings, which has grown quickly since its creation in 2007 but more recently has been entangled in legal battles. [CONTRIBUTED PHOTO]


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Nate Paul is the founder of World Class Holdings, which has grown quickly since its creation in 2007 but more recently has been entangled in legal battles. [CONTRIBUTED PHOTO]

Austin real estate investor Nate Paul faced foreclosure on properties in Austin, Plano and San Antonio this summer from lenders seeking to collect a combined $20.5 million in delinquent debt.

But foreclosure sales of the properties scheduled for Aug. 4 didn’t take place after a rushed written legal opinion — ordered by Texas Attorney General Ken Paxton under unusual circumstances and dated Aug. 1 — rendered such sales more difficult to hold.

The American-Statesman first reported Thursday on Paxton’s Aug. 1 opinion and a scheduled Aug. 4 foreclosure sale of a Paul-controlled real estate entity based in Austin that subsequently was called off.

Paxton’s opinion came at a time potentially more opportune for Paul and his

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World Class foreclosure sales canceled after Paxton legal opinion – News – Austin American-Statesman

Austin real estate investor Nate Paul faced foreclosure on properties in Austin, Plano and San Antonio this summer from lenders seeking to collect a combined $20.5 million in delinquent debt.

But foreclosure sales of the properties scheduled for Aug. 4 didn’t take place after a rushed written legal opinion — ordered by Texas Attorney General Ken Paxton under unusual circumstances and dated Aug. 1 — rendered such sales more difficult to hold.

The American-Statesman first reported Thursday on Paxton’s Aug. 1 opinion and a scheduled Aug. 4 foreclosure sale of a Paul-controlled real estate entity based in Austin that subsequently was called off.

Paxton’s opinion came at a time potentially more opportune for Paul and his company, World Class Property Co., than previously known, however.

A second Paul-controlled real estate entity based in Austin was slated for an Aug. 4 foreclosure sale, according to court documents, as were an entity

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If rental assistance isn’t in the next stimulus, there will be bankruptcies, foreclosures | Opinion

By David Brogan

Regardless of your political persuasion, the stalemate between Speaker of the House Nancy Pelosi and Senate Majority Leader Mitch McConnell can make anyone cringe. This is especially true if you are one of the 40 million renters in this country, many of whom are struggling to make ends meet, and who desperately need rental assistance. I’m not quite sure if congressional leadership refuses to recognize the exponential benefits of rental assistance or if they just don’t have the ability to see how beneficial rental assistance would be to our quality of life, our economy and our local and state governments, but it’s time to wake up.

I say to Congress, “Rental assistance, WTF!?” WTF stands for “Where’s The Funding?”

The trillions of dollars in stimulus aid since the beginning of this pandemic has helped people on unemployment, it has helped hospitals, and it has helped small and

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Opinion | We should be just as careful about covid-19 in relatives’ homes as we are in grocery stores

As the fall school term approached, universities thought that they could effectively implement similar protocols on campus. They instituted safeguards including reduced class size, improved classroom ventilation and daily symptom checks. The problem? Students got infected when they engaged in risky behaviors off-campus. At the University of New Hampshire, 11 cases were traced to a fraternity party hosting about 100 guests without masks. Medical degrees apparently provide no guarantee of safe gathering: A single party resulted in covid-19 infections in 18 anesthesiology residents and fellows training at the University of Florida.

At K-12 institutions, the hard work administrators and teachers are doing to enforce mask-wearing and physical distancing will be undone if kids gather after school without similar protections. The risk extends to parents, and increases as families come together with friends and relatives with whom they are likely to let down their guard.

I spoke this week with several

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