U.S. Magistrate Judge’s order recommends plaintiffs’ fraud (in part), breach of fiduciary duty, tortuous interference, negligence, and class allegations to proceed. Fed civil & criminal investigation. Palm Coast, FL – February 20, 2012 – Friday, in the U.S. District Court of Idaho, U.S. Magistrate Judge Ronald Bush issued a Memorandum Decision and Order/Report and Recommendation […]
Did you find today’s N-J article about Palm Coast golf course sales confusing? You should have. Here’s the real story. Palm Coast, FL – February 19, 2012 – A piece in the Business Section of today’s News-Journal reported on the sale of local golf courses precipitated by changing demographics (fewer golfers) and the decline in […]
It is the highest level the NAHB/Wells Fargo Housing Market Index has reached in more than four years. Palm Coast, FL – February 16, 2012 – Home builder confidence in the market for new single-family homes increased for the fifth consecutive month in February, rising from 25 to 29 on the NAHB/Wells Fargo Housing Market […]
Proponents of HB213 claim the bill will help clear the foreclosure backlog. Opponents say any improvements will be at the expense of homeowners’ rights; that more judges are needed instead. Palm Coast, FL – February 14, 2012 – Florida legislators are debating HB 213, the Florida Fair Foreclosure Act. Bill sponsors claim it will go […]
Big Lots, Carrabba’s, Albertson’s Plaza, Matanzas Golf Course, Crescent Resources, Seagate Homes, Hilton Garden Inn Palm Coast, FL – February 13, 2012 – Miscellaneous real estate news tidbits for Palm Coast and Flagler County. Carrabba’s Moving slowly but moving in the right direction. Carrabba’s is still planning to build a new restaurant in Cobblestone Village […]
We’ve already seen recovery in the number of homes sold and the total value of all sales, but prices have remained stubbornly low. I think that’s about to change. Palm Coast, FL – February 12, 2012 – There are three measurements of the housing market’s health. For Palm Coast and Flagler County, two measures have […]
Florida borrowers will receive an estimated $7.6 billion in benefits from loan modifications, including principal reduction, and other direct relief. Palm Coast, FL – February 10, 2012 – Attorney General Bondi formally entered a landmark $25 billion joint federal-state agreement with the nation’s five largest mortgage servicers over foreclosure abuses and unacceptable nationwide mortgage servicing […]
49 states won’t pursue civil charges. Homeowners can still sue lenders in civil court on their own, and federal and state authorities can pursue criminal charges. Palm Coast, FL – February 9, 2012 Federal officials announced a $25 billion settlement Thursday with the five largest mortgage lenders over foreclosure abuses — a deal that requires […]
Real estate agents will now submit offers online on behalf of clients, receive receipt confirmation and track the status of submitted offers through the HomePath.com website. Palm Coast, FL – February 8, 2012 – Yesterday, Fannie Mae announced the expansion of its Online Offers system to collect and manage real estate purchase offers for Fannie […]
A majority of respondents expect home prices to rise by at least 1% on average over the course of the next 12 months. Palm Coast, FL – February 8, 2012 A majority of Americans believe mortgage rates will remain steady over the next year, while home price expectations in January improved for the fourth consecutive […]