”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 […]
Whether they like it or not, the nation’s banks control most of the country’s shadow inventory, according to a report Friday from Morgan Stanley. Palm Coast, FL – January 31, 2011 Whether they like it or not, the nation’s banks control most of the country’s shadow inventory, according to a report Friday from Morgan Stanley. […]
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 – January 31, 2011 – The National Assoiation of Realtors® Research staff now gives you a weekly analysis of the economic data released during the past week, and how […]
”People don’t like the temperature to be less than their age.” Palm Cost, FL – January 30, 2011 – Snowbirds, vacationers, and permanent residents alike relish Palm Coast’s weather. They take pleasure in "rubbing it in" when they’re talking with their northern friends and relatives. I moved south to Charleston, SC from the Rochester, NY area […]
John Bria, is hooked on the area. He’s rented a home in Flagler Beach for the last two winters. Struck by the abundance of area wildlife he brought his video equipment this year. Palm Coast, FL – January 29, 2011 – GoToby.com has written in the past about a nesting pair of bald eagles in […]