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 […]
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 […]