Without proof the mortgage had been assigned to the trust, in this case a Bear Stearns-related mortgage trust, the trustee lacked standing to foreclose, the court found. Palm Coast, FL – April 3, 2011 An Alabama circuit court in Russell County has issued a summary judgment this week in the case of Horace v. LaSalle […]
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 3, 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 […]
Grand Haven, Grand Club (3 courses), South Hampton, North Hampton, Osprey Cove Palm Coast, FL – April 2, 2011 – For a third time, commercial real estate company CB Richard Ellis’ website notes that seven Florida and Georgia golf courses owned by Crescent Resources are under contract. Prior contracts have failed to reach completion. Specifically, […]
The lifestyle was propped up with a debt burden serviced with the proceeds of ongoing real estate sales and property owners’ own ”refundable” membership deposits. Palm Coast, FL – April 1, 2011 – Linger Longer Development, AKA Reynolds Plantation, has begun distributing ballots to 3,600-plus property owners at its luxurious Lake Oconee, GA development. The […]
Even the First Couple take jump on the sudden sales bandwagon. Palm Coast, FL – April 1, 2011 – When will the housing market turn around? Wait no longer. This RISMedia video has shocked thousands.
The percentage of seriously delinquent mortgages (those 60 or more days delinquent or delinquent loans to bankrupt borrowers) at Dec. 31 dropped to a level not seen since the second quarter of 2009. Palm Coast, FL – March 31, 2011 – The percentage of mortgages classified as seriously delinquent within the portfolios of large banks […]
Tens of billions of dollars remain unspent and hundreds of thousands of homeowners have been rejected. Now the existence of the main program, the Home Assistance Modification Program, is in doubt. Palm Coast, FL – March 30, 2011 “We wait and wait, and they keep saying it’s coming,” said James Tyson, 50, a Philadelphia homeowner […]
Everyone agrees there is no money to pay for a new center, but planning goes forward nonetheless. Palm Coast, FL – March 29, 2011 – The Palm Coast City Council heard a "Community Center Concept Plan" presentation from its Parks and Recreation Department at the today’s workshop. The presentation envisioned a 40,000 square foot building as a […]
Forget stocks. Don’t bet on gold. After four years of plunging home prices, the most attractive asset class in America is housing. This is a VERY IMPORTANT read. Palm Coast, FL – March 29, 2011 From his wide-rimmed cowboy hat to his roper boots, Mike Castleman fits moviedom’s image of the lanky Texas rancher. On […]
Pending home sales increased in February but with notable regional variations, according to the National Association of Realtors®. Palm Coast, FL – March 29, 2011 – Pending home sales increased in February but with notable regional variations, according to the National Association of Realtors®. The Pending Home Sales Index,* a forward-looking indicator, rose 2.1 percent […]