‘Armed with these bogus appraisals, Credit Suisse duped the lenders into investing hundreds of millions of dollars in under-collateralized loans that eventually imploded,’ according to the plaintiffs. Palm Coast, FL – July 22, 2013 – Highland Capital is reportedly behind a $350 million lawsuit against Credit Suisse according to Bloomberg.com. The lawsuit alleges that Credit […]
Roma Court, SunTrust Bank, Plantation Reserve Estates, Discovery Center Palm Coast, FL – July 17, 2013 – The recent sale of the mostly vacant Roma Court Commercial/Retail complex on Palm Coast Pkwy SW joins a list of recent Flagler County real estate transactions over $1 million. Such activity often indicates that the market is building […]
Slightly fewer homes were sold, but total sales are up as prices rise, fewer distressed properties are sold and foreclosures and bank sales are down. Inventory remains tight. Palm Coast, FL – July 16, 2013 – Slightly fewer homes were sold in Palm Coast and Flagler County in the second quarter compared to one year […]
An auction is the last step in the foreclosure process where the lender or another bidder take title to foreclosed property. Palm Coast, FL – July 15, 2013 – 129 foreclosed Flagler County properties are currently scheduled to be sold at foreclosure auctions during July. That’s 29 more than were scheduled in July. Not all […]
The median year occupied homes were built in the U.S. is 1974. The median year built for all Flagler County homes is 1996 and for Palm Coast homes 1998. Palm Coast, FL – July 11, 2013 – The Census Bureau and the U.S. Department of Housing and Urban Development issued today the 2011 United States […]
Nationally, foreclosure inventory is down 29% and shadow inventory down 7% according to CoreLogic. Seriously delinquent mortgages are at the lowest level since December 2008. Palm Coast, FL – July 9, 2013 – CoreLogic released its National Foreclosure Report today, providing data and analysis on completed U.S. foreclosures and foreclosure inventory. It shows 52,000 completed […]
LPS reports the largest year-to-year drop in mortgage loan delinquencies since 2002 Palm Coast, FL – July 8, 2013 – Jacksonville based Lending Processing Services announce today that the national delinquency rate for mortgage loans. At 6.08%, delinquencies have dropped 15 percent since the end of 2012. New loan rates are approaching pre-crisis levels. “Though […]
Pending sales have been above year-ago levels for the past 25 months. Palm Coast, FL – June 27, 2013 – Nationally, pending home sales rose in May to the highest level since late 2006, implying a possible spark as mortgage interest rates began to rise, according to the National Association of Realtors®. The Pending Home […]
An auction is the last step in the foreclosure process where the lender or another bidder take title to foreclosed property. Palm Coast, FL – June 24, 2013 – 100 foreclosed Flagler County properties are currently scheduled to be sold at foreclosure auctions during July. That’s 33 more than were scheduled in June. Not all […]
RealtyTrac data is convenient. Unfortunately, most major media outlets don’t know of (or use) better sources. Palm Coast, FL – June 18, 2013 – For the Nth time in a row, the media has reported national, state and local foreclosure activity quoting statistics from RealtyTrac. Unfortunately, people with whom I speak tend to take these reports […]