The resorts include Doral, Grand Wailea, LaQuinta, Claremont, and Arizona Biltmore. Palm Coast, FL – February 5, 2011 – Five high-profile golf resorts sought protection from creditors through a Chapter 11 bankruptcy filing on Tuesday. The bankruptcy was initiated by an investor group headed by hedge fund Paulson & Co. The investment group seized 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 4, 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 […]
The report is full of fascinating information, rich detail and fine documentary evidence. The commission should be celebrated for putting more than 1,100 documents online for anyone to search. Palm Coast, FL – February 3, 2011 – The report from the Financial Crisis Inquiry Commission has been assailed as a confusing mishmash — poorly organized, […]
National Quarter-Over-Quarter Home Prices Slide Again (-1.6%), but Experiencing Recent Gains Palm Coast, FL — February 3, 2011 – (Marketwire) – Clear Capital (www.clearcapital.com) released its monthly Home Data Index (HDI) Market Report, and reports a quarter-over-quarter national price change of -1.6 percent. Despite the negative quarterly price change, the national index has demonstrated a […]
”With this downturn we found ourselves in the position of having acquired more real estate, and debt, for Reynolds Plantation than is supported by recent demand.” Palm Coast, FL – February 3, 2011 – [Updated 2-8-2011] Mercer Reynolds, Chairman of Linger Longer Development Company (Reynolds Plantation) notified property owners this morning that the company has […]
What could become a landmark foreclosure ruling appears to be both a win and a loss, for mortgage servicers and foreclosure defense attorneys alike. Palm Coast, FL – February 2, 2011 A California appeals court ruled that a former homeowner’s lawsuit against U.S. Bank (USB: 27.49 -0.61%) for fraud may continue after the bank allegedly reneged […]
”They don’t have a problem putting my client out in the street,” Roman said. ”But when somebody prevails against a bank, they pull every string in the book to avoid paying.” Palm Coast, FL – February 2, 2011 A JPMorgan Chase & Co. branch in El Paso, Texas, may have furniture and computers seized by […]
The white paper from the American Enterprise Institute for Public Policy Research describes how the housing finance market can function better without government support. Palm Coast, FL – February 1, 2011 – American Enterprise Institute for Public Policy Research scholars Peter J. Wallison, Alex J. Pollock, and Edward Pinto present a new AEI white paper […]
Financial Crisis Inquiry Commission report was not unanimous. Peter Wallison, one of the four dissenters places the blame on government policies enacted long before the meltdown. Palm Coast, FL – February 1, 2011 – The Financial Crisis Inquiry Commission has issued its report. It blames the financial crisis on regulators and financial institutions, asleep at […]
Work will continue on Tiger Woods-designed course at Cliffs at High Carolina despite slow sales. Palm Coast, FL – February 1, 2011 ASHEVILLE — With an investment that’s already reached $150 million, the developer of The Cliffs at High Carolina, which features a golf course designed by Tiger Woods, said he is fully committed to […]