Developer has ”no vested right to construct up to 561 dwelling units on 12 acres of land located in the Ocean Hammock Golf Course that is now platted and restricted in perpetuity for golf course…” Palm Coast, FL – April 10, 2011 – A Recommended Order entered April 6th in Tallahassee by Administrative Law Judge […]
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 9, 2011 – Every week the Research staff analyzes key data releases and explain what they mean for you and your business. In this update, we give […]
Homeowners who assert defenses and are seeking discovery are having summary judgments entered against them while their motions and discovery requests are still undecided. Palm Coast, FL – April 9, 2011 – Wednesday the ACLU filed a petition for a writ of prohibition in the Florida Court of Appeal, to enjoin the truncated procedures being […]
Total assets increased 32%. Net income was $1,196,243 with no delinquent loans, no foreclosed properties and no charge offs for 2010. Palm Coast, FL – April 8, 2011 – Intracoastal Bank, Palm Coast’s only locally owned and operated financial institution, held its annual meeting April 6 at Halifax Plantation Country Club. Bank board and management provided […]
Translation [Banks]: It’s not perjury if we make a reasonable effort not to lie under oath and we don’t consider the lie to be important. Palm Coast, FL – April 8, 2011 Over the past several months regulators have finally noticed what consumer attorneys have been saying for years: the big banks have routinely committed […]
Members of a bankrupt local golf club are asking the court to help them get their initiation deposits – as much as $22,000 per person – back from the club’s developer and owners. Palm Coast, FL – April 7, 2011 Members of a bankrupt local golf club are asking the court to help them get […]
Anthony told GreenvilleOnline.com he is behind on payments on a $20 million note to Worthington Hyde Partners, an Atlanta-based real estate investment firm, and foreclosure is looming. Palm Coast, FL – April 7, 2011 Developer Jim Anthony, beset by a shortage of cash, says he is facing foreclosure on about 100 Cliffs Communities Inc. properties […]
Even as light is increasingly being shined on massive ”fraud on the court” by lenders, mortgage servicers, foreclosure mill law firms, a protective shield is being erected around the guilty parties. Palm Coast, FL – April 5, 2011 – GoToby.com first reported the foreclosure documentation problem over three years ago. [Story] What seemed like a small […]
Prosecutors described in court papers the loans sold to Freddie Mac during an alleged seven-year conspiracy as the “lifeblood” of Taylor Bean, once the 12th-largest U.S. mortgage lender. Palm Coast, FL – April 5, 2011 Lee Farkas, the former chairman of Taylor, Bean & Whitaker Mortgage Corp., went on trial today as the accused mastermind […]
Recently dropped RICO Charges against Credit Suisse and Cushman & Wakefield may be resurrected based on new information. Palm Coast, FL – April 4, 2011 – A ruling handed down March 31 by Judge Edward Lodge of the U.S. District Court for the District of Idaho was a good news/bad news event for plaintiffs in […]