None of the other possible outcomes is certain, but a YES vote is certainly a mistake. Palm Coast, FL – April 14, 2011 – Linger Longer Development Corp., (Reynolds Plantation) has gotten its financial panties in a wad. Like nearly all developers of luxury golf course communities over the past 15 years, LLDC is stuck […]
The bill would impose a deadline of 45 days on lenders to respond to short sale requests. Palm Coast, FL – April 13, 2011 – The Prompt Decision for Qualification for Short Sale Act of 2011 was introduced yesterday in the U.S. House of Representatives by Tom Rooney (R-FL) and Robert Andrews (D-NJ). If passed, […]
The settlement between the servicers and banking regulators imposes more substantial penalties than early reports of the deal indicated. Palm Coast, FL – April 13, 2011 The 14 largest U.S. mortgage servicers must pay back homeowners for losses from foreclosures or loans that were mishandled in the wake of the housing collapse, according to consent […]
CVS opens, Panera Bread moves forward, and SunTrust plans a new branch location in Town Center. Palm Coast, FL – April 12, 2011 – CVS Pharmacy has opened its new store at the corner of Palm Coast Pkwy and Old Kings Road. Panera Bread is working with City of Palm Coast planners on a site […]
The Court issued a high-profile case order on Monday. Was there fraud on the court? The Florida Supreme Court will decide. Palm Coast, FL – April 12, 2011 – On Monday, Florida’s Supreme Court issued a high-profile case order in Pino v Bank of New York Mellon case. In the Pino case, the lender had […]
Toby Tobin named to Flagler Advisory Board. The bank will receive feedback and support from Advisory Board members, each of whom live and work in their respective communities. Palm Coast, FL – April 11, 2011 – Putnam State Bank announces the formation of Advisory Boards in each of its operating communities; Putnam, Flagler, and St. […]
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 […]