The group with the casino connection pulled out. A group from California is rumored to have a letter of intent in place. Palm Coast, FL – February 15, 2011 – Rumor: Crescent Resources has done a commendable job of keeping everyone, including me, in the dark about their attempts to find a buyer for its […]
Imagine walking into the most profitable casino in Las Vegas, all you have is $100 in your pocket. Yet, because of your good credit, the casino allows you to play blackjack with $7000 at risk. Palm Coast, FL – February 14, 2011 Our government allowed Fannie Mae and Freddie Mac to become a giant mortgage […]
Jorge Perez, CEO of Related Group, has steered his real estate firm out from under $2 billion in debt, a feat the so-called “Condo King” lists as his greatest accomplishment. Palm Coast, FL – February 14, 2011 As the boom-and-bust epic has played out across South Florida’s condominium market, mega-developer Jorge Perez has played the […]
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 – February 13, 2011 – The National Association of Realtors® Research staff now gives you a weekly analysis of the economic data released during the past week, and how […]
High near 60º, no chance of rain. What a perfect day for Blues by the Sauce Boss and Jazz by Linda Cole from noon to 5 at Flagler’s Ag Museum’s. Proceeds benefit Feed Flagler and Ag Museum projects. Palm Coast, FL – February 12, 2011 – Looking for something to do on this cool (for […]
Treasury’s proposed housing market reforms will privatize the secondary mortgage market, hurting community banks that use GSE loan products to fund loans to consumers in small towns and rural areas. Palm Coast, FL – February 12, 2011 Community banks say the Treasury’s proposed housing market reforms will privatize the secondary mortgage market to the detriment […]
Even on the most charitable interpretation it is very difficult to believe that MERS was not fraudulent by design. Palm Coast, FL – February 12, 2011 It is now widely recognized that MERS facilitated fraud by lenders, servicers, foreclosers and securitizers. Even on the most charitable interpretation it is very difficult to believe that MERS […]
Fannie Mae said it became aware of certain document execution issues at the Ben-Ezra law firm regarding its processing of foreclosure cases on the agency’s behalf. Palm Coast, FL – February 11, 2011 Fannie Mae has terminated its relationship with Florida-based foreclosure default law firm Ben-Ezra & Katz, P.A., according to a notice sent to […]
You cannot have lemon juice without a lemon. That is common sense, right? Palm Coast, FL – February 11, 2011 – You cannot have lemon juice without a lemon. That is common sense, right? OK, now let’s use the same logic when comparing this foreclosure crisis to what went on in the years preceding the […]
Don’t rouse the IRS or pay more taxes than necessary—know the score on each home tax deduction and credit. Palm Coast, FL – February 11, 2011 – Don’t rouse the IRS or pay more taxes than necessary—know the score on each home tax deduction and credit. Sin #1: Deducting the wrong year for property taxes […]