Commerce Department releases September numbers. New homes sales were up after four consecutive months of decline. Lower prices are credited with the change. Palm Coast, FL – October 26, 2011 – Sales of new single-family houses in September 2011 were at a seasonally adjusted annual rate of 313,000, according to estimates released jointly today by […]
For three years banks benefited from government and Federal Reserve loans at fire sale prices – after they started the fire. Palm Coast, FL – October 25, 2011 Imagine that a group of arsonists was terrorizing your town. First they’d buy insurance on a stranger’s home, then they’d show up with a blowtorch and a […]
To attract more eligible borrowers who can benefit from refinancing their home mortgage. Palm Coast, FL – October 24, 2011 – The Federal Housing Finance Agency, with Fannie Mae and Freddie Mac (the Enterprises), today announced a series of changes to the Home Affordable Refinance Program (HARP) in an effort to attract more eligible borrowers […]
The highest rankings by guests from among HGI’s 524 properties worldwide for customer service, accommodations, value and other aspects. Palm Coast, FL – October 21, 2011 – The Hilton Garden Inn Palm Coast/Town Center has just been named the #1 Hilton Garden Inn (HGI) in the world. The property, on 55 Town Center Blvd., received […]
Existing-home sales were down in September on the heels of a strong gain in August, but remain well above a year ago, according to the National Association of Realtors®. Palm Coast, FL – October 20, 2011 – Existing-home sales were down in September on the heels of a strong gain in August, but remain well […]
Builder confidence in the market for newly built, single-family homes rose four points to 18. Palm Coast, FL – October 19, 2011 –The October NAHB/Wells Fargo Housing Market Index (HMI) was released Tuesday, The latest HMI says that builder confidence in the market for newly built, single-family homes rose four points to 18. This is […]
In 2013, REO sales could reach 1.48 million properties. Palm Coast, FL – October 18, 2011 The sale of properties repossessed through foreclosure may not peak until 2013, keeping home prices from a meaningful recovery for some time, analysts estimated Monday. Nearly half of the more than 552,000 REO properties liquidated in the first […]
Claims the electronic mortgage registry bypassed the recording of mortgage assignments in local registry offices, thereby depriving numerous Ohio counties of revenue from filing fees. Palm Coast, FL – October 14, 2011 Geauga County in Ohio filed suit against Mortgage Electronic Registration Systems Thursday, claiming the electronic mortgage registry bypassed the recording of mortgage assignments […]
As equity investor with Lubert-Adler, Salamander Group will replace Front Door and Nobel operationally at the former Ginn resorts Oct. 27. Front Door will continue to manage real estate and developmen Palm Coast, FL – October 13, 2011 – GoToby.com has learned that a previously published rumor will soon become fact. Effective October 27th, Salamander […]
Credit Suisse syndicate of investors will pay only 2% rather than 12% Stamp Duty rate when it takes possession of 1,746 acres resulting from the foreclosure action against Ginn-LA. Palm Coast, FL – October 12, 2011 – Credit Suisse persuaded The Bahamian Government to pass special legislation that would allow the transfer of 1,746 foreclosed […]