Some markets such as Cleveland and Stockton, CA a recovery could be many years out as populations are moving out faster than the homes they vacate can either be resold or even destroyed. Palm Coast, FL – January 7, 2011 By: Jon Prior In Detroit, bulldozers crumple vacant homes left behind during foreclosure by the […]
Many Americans are content to rent after witnessing the crumbling housing market in recent years. But with rents on the rise and home prices continuing to fall, a reversal is in sight. Palm Coast, FL – January 7, 2011 – It wasn’t hard for many homeowners to bid adieu to 2010. It was the year […]
Suspicious activity reports (SARs) indicating possible mortgage loan fraud (MLF) increased 2 percent to 16,693 in the third quarter of 2010 up from 16,339 MLF SARs in the 2009 third quarter. Palm Coast, FL – January 6, 2011 – VIENNA, Va. (SOURCE: FINCEN) – The Financial Crimes Enforcement Network (FinCEN) today released its third quarter […]
‘WaysHome’ was created to educate homeowners about their options to avoid foreclosure and encourage them to get help. It’s a fairyland view of a broken system. Palm Coast, FL – January 6, 2011 – Fannie Mae introduced an innovative interactive video for homeowners facing financial pressures and possible foreclosure. It will help them understand their […]
The current ordinance is not legally defensible. If the city doesn’t fix it soon, they may face a court challenge. If the ordinance is found to be invalid, the city may have to refund $ millions. Palm Coast, FL – January 4, 2011 – The City of Palm Coast has accomplished much in its short […]
Quail West Foundation and Austin Outdoor named as defendants as Dillworth uncovers more alleged financial hanky-panky by Ginn and Lubert-Adler over Tesoro and Quail West bankruptcies. This story was originally posted January 2, 2010. A technical problem brought the server down late in the day. January 2 postings and reader comments could not be restored. […]
Bank of America paid $1.28 billion to Freddie Mac and $1.34 billion to Fannie Mae last week as part of the settlement. Palm Coast, FL – January 3, 2011 Bank of America (BAC: 14.15 +6.07%) plans to record a fourth-quarter charge of $3 billion after settling repurchase claims brought against the banking giant by […]
Jim Jacoby, founder and chairman of Jacoby Development, bought a tract of land at Marineland in 1999 and bought the 73-year-old attraction in 2001, completing a major renovation of Marineland in 2000. Palm Coast, FL – January 3, 2011 Marineland has sold to the Georgia Aquarium for $9.1 million, according to public records and […]
A summary of important news and events in the Palm Coast/Flagler real estate market during 2010. Palm Coast, FL – January 1, 2011 – Flagler’s 2010 real estate market for single-family homes was a repeat of 2009. The number of homes sold through MLS will end the year within a percentage point or two of […]
Series of articles details how MERS allegedly planned from the get-go to defraud the counties, and the IRS, and the homeowners, and the buyers of the mortgage-backed securities. Palm Coast, FL – December 31, 2010 – GoToby.com has followed the exploding foreclosure documentation crisis for over two years. Still, most people are unaware of the […]