Kathy Nealy's Terrace Condo to be Sold at Next Foreclosure Auction, She Being "Victim of an Investigation"

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2323N Houston front extLet me be clear from the very start: this is unit 616 at The Terrace at Victory Park.  Kathy Nealy’s unit was 216 on the second floor, but exact same square footage  (1196) and save for being higher and maybe a different color marble in the kitchen or master, pretty similar. Robert Wilonsky at the Dallas Morning News reported today that Nealy’s condo will be sold on the courthouse steps next month in a tax auction. Nealy was, of course, a successful political consultant with close ties to John Wiley Price who apparently did not pay Uncle Sam. The Terrace2323 N Houston kit 616 2323 N Houston LR 616 2323 N Houston master bath 616Wilonsky interviewed Nealy’s attorney, who blames the sale on that famous June 2011 raid on John Wiley Price, which the attorney says “negatively impacted” Nealy’s ability to do business. And, I guess, pay her taxes.

Prior to the raid Nealy counted among her clients American Airlines, Hunt Oil, KB Homes and Wal-Mart. She also worked for Mike Rawlings’ mayoral campaign, Bill Clinton’s presidential campaign and the Cowboys Stadium and American Airlines Center referendums, among other high-profile pushes.”

Wilonsky says Nealy purchased the condo in 2006, when the market was soaring like the Texas Giant Roller Coaster. DCAD has it appraised for $263,120.

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Candy Evans

A real estate muckraker, Candy Evans is one of the nation’s leading real estate reporters. She is also the North Texas real estate editor for Forbes.com, CultureMap Dallas, Modern Luxury Dallas, & the Katy Trail Weekly. Candy has written for Joel Kotkin’s The New Geography, Inman Real Estate News, plus a host of national sites. Constantly breaking celebrity real estate news, she scooped former president George W. Bush's Dallas home in 2008. She is the founder and publisher of her signature CandysDirt.com, and SecondShelters.com, devoted to the vacation home market. Her verticals have won many awards, including Best Blog by the venerable National Association of Real Estate Editors, one of the nation’s oldest and most prestigious journalism associations. Candy holds an active Texas real estate license but does not sell. She is on the Board of Directors of Braemar Hotels & Resorts (BHR).

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