Bank of America Corp. and Wells Fargo & Co., lenders already being probed, were accused by a county official in NC of using mortgage documents that were possibly forgeries. Palm Coast, FL – May 5, 2011 Bank of America Corp. and Wells Fargo & Co., lenders already being probed for faulty home foreclosure practices, were […]
For the first time since the financial crisis, it looks like the government is going to try to make Wall Street and big banks pay up for their poor and deceptive lending practices. Palm Coast, FL – May 5, 2011 Wall Street may soon have to finally pay for its folly. Earlier this week, the […]
Andrew Bolnick of Clearwater, Florida, an independent professional Court Receiver will assume management control of Linger Longer Development Company’s assets. Palm Coast, FL – May 5, 2011 – Reynolds Plantation property owners and employees were informed today that yesterday, the Superior Court of Greene County appointed a Receiver to assume management control of Linger Longer […]
The median price of non-distressed properties is nearly 50% higher than that of distressed properties. And inventory is dropping. Palm Coast, FL – May 4, 2011 – This summer will mark six years since the Palm Coast real estate market began its sudden downward slide when buyers suddenly vanished (June/July 2005). But nobody realized at […]
Between 750,000 and 1 million new households will be created in 2011 Palm Coast, FL – May 4, 2011 Shelby Webb, 22, rented her first apartment three weeks ago in Chattanooga, Tennessee, after landing a job translating ads for a Spanish-language newspaper. Now, she’s paying monthly bills for electricity, cable television and natural gas […]
Companies were charging upfront fees for loan modification services to homeowners facing foreclosure. Charging upfront fees for these services is illegal. Palm Coast, FL – May 3, 2011 – Florida’s Attorney General Pam Bondi announced that her office filed a lawsuit on Friday against three South Florida companies that allegedly were charging upfront fees for […]
Investigators said in a report this week they only caught on to him when he went after federal bailout money. Palm Coast, FL – May 1, 2011 – Former Taylor, Bean and Whitaker CEO Lee Farkas was convicted in April for orchestrating a $3 billion bank fraud scheme that lasted nearly a decade. But investigators […]
Reynolds Plantation members turned down a chance to buy club amenities for the $45 million that would have bailed out the Reynolds family. The next step is up to Bank of America. Palm Coast, FL – April 30, 2011 – After a month-long sparing match between Reynolds Plantation owners and disgruntled property owners, the vote […]
A weekly analysis of the economic data released during the past week, and how current economic conditions are affecting the real estate market. Palm Coast, FL – April 29, 2011 – Every week the National Association of Realtors® Research staff analyzes key data releases and explain what they mean for you and your business. In […]
March saw another increase in pending home sales, with contract activity rising unevenly in six of the past nine months, according to the National Association of Realtors®. Palm Coast, FL – April 28, 2011 – March saw another increase in pending home sales, with contract activity rising unevenly in six of the past nine months, […]