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, […]
It appears that the Defendants have been caught with their pants down in a major league cover-up related to the $24 billion ”Loan To Own” lawsuit. Palm Coast, FL – April 28, 2011 – A third amended complaint has been filed in the $24 billion lawsuit against Credit Suisse and Cushman & Wakefield. A March […]
Growth should pay its own way say impact fee proponents. But impact fees have more impact than you think. And they can be unevenly applied. Palm Coast, FL – April 27, 2011 – Impact fees stem from a notion that growth should pay for itself. Without a doubt, new construction brings with it demands for […]
The rate is down from 67.1% one year ago, and a single basis point dip from the previous quarter. But it has not been this low since the fourth quarter of 1998. Palm Coast, FL – April 27, 2011 The homeownership rate dropped to 66.4% in the first quarter, the lowest level since 1998, according […]
Inflation, or price-level growth, is important for REALTORS® because it ultimately affects mortgage rates and the ability of home buyers to purchase a home. Palm Coast, FL – April 26, 2011 – Inflation, or price-level growth, is important for REALTORS® because it ultimately affects mortgage rates and the ability of home buyers to purchase a […]
Understanding government’s failure to stop bankers OR scammers from destroying homeowners. Palm Coast, FL – April 26, 2011 – Here is a long piece about mortgage modification scams; who’s involved and why its not getting any better. From: Mandelman Matters Sit down and relax… you’re going to need a comfortable chair. But, I promise you… it’ll […]
Analysts at Econoday expected existing home sales to post a 3.7% gain. Palm Coast, FL – April 25, 2011 New home sales in March greatly beat market analyst expectation by jumping 11.1% in March from the previous month, according to the Census Bureau. Analysts at Econoday expected existing home sales to post a 3.7% gain. […]