Two years before the financial crisis hit, Merrill Lynch confronted a serious problem. No one wanted to buy the supposedly safe portions of the mortgage-backed securities Merrill was creating. Palm Coast, FL – December 23, 2010 – Two years before the financial crisis hit, Merrill Lynch confronted a serious problem. No one, not even the […]
Analysis of the economic data released during the past week, and how current economic conditions are affecting the real estate market. Palm Coast, FL – December 21, 2010 – The National Association of Realtors research staff now gives you a weekly analysis of the economic data released during the past week, and how current economic […]
2009 was a tough year for Florida Realtors®. 2010 has not been much better. But 2011 will be a year of positive trends. Palm Coast, FL – December 20, 2010 – Florida’s Realtors® had a tough year in 2009 according to the National Association of Realtors®. Florida Realtors averaged only 3.2 existing home sale transactions each […]
Borrowers average 19 months without making a payment before they are foreclosed upon, a record high, and Fitch projects this to increase to 25 months in 2011. Palm Coast, FL – December 20, 2010 Loss severities are expected to increase between 5% and 10% on residential mortgage-backed securities in 2011 as loss mitigation costs and […]
Signal improvements for both the FM 106.3 and AM 1550 have been approved by the Federal Communications Commission and were implemented yesterday. Palm Coast, FL – December 18, 2010 – WNZF News Radio, covering Flagler County, Palm Coast, Bunnell, Flagler Beach, and Beverly Beach reaches new heights. Signal improvements for both FM 106.3 and AM […]
Glenn Straub owns the Palm Beach Polo Club and purchased Tesoro, a Bobby Ginn developed luxury golf community at a foreclosure auction. Palm Coast, FL – December 18, 2010 Wellington developer Glenn Straub and his company, Palm Beach Polo Holdings, were found not guilty Thursday in a criminal trial over allegations that he violated federal […]
The true nature of the fraud is found in the current nature and structure of the financial / mortgage / foreclosure system itself. That level of investigation is what the FBI carefully tip-toed around Palm Coast, FL – December 18, 2010 To combat mortgage and foreclosure fraud, we first need to understand the nature of […]
Exterior projects, not only provide the most value, but also are among the least expensive improvements for a home. Palm Coast, FL – December 17, 2010 – As part of the 2010-11Remodeling Cost vs. Value Report, REALTORS® recently rated exterior replacement projects among the most cost-effective home improvement projects, demonstrating that curb appeal remains one […]
Flagler County second highest again. Flagler’s rate up to 16.6%. Flagler ranks second highest among counties. Palm Coast highest among MSAs. Palm Coast, FL – December 17, 2010 – Florida’s Agency for Workforce Innovation announced Florida’s November employment figures today. Again, Flagler County ranked second among Florida’s counties. Palm Coast ranked highest among the state’s Metropolitan […]
Now that a path to the future has been cleared, the Club has resumed selling full memberships previously limited to property owners. The Club has created several other membership categories. Palm Coast, FL – December 16, 2010 The Rim Golf Club announced that the transfer of the golf club property to the member-owned club has […]