Entries by Toby Tobin

Third Quarter Local Market Reports Available: Ignore Flagler County

Flagler County’s identity crisis is exposed again. Jacksonville, Orlando, and Volusia quarterly real estate market reports ignore Flagler County and Palm Coast. Palm Coast, FL – November 27, 2010 – The National Association of Realtors® issues its Third Quarter Local Market Report for the country’s largest metropolitan areas (as officially defined by the Office of […]

Ginn/Lubert-Adler Lawsuits: Updates and Interesting Revelations

Ginn sur Mer lawsuit: Plaintiffs settle with Bill McCraken, founder of Ginn Securities and former executive of Colonial Bank. Palm Coast, FL – November 23, 2010 – Recently filed documents reveal more details likely to play a role in the final disposition of lawsuits against real estate developers Bobby Ginn and Lubert-Adler. Watching a lawsuit […]

Existing-Home Sales Decline in October Following Two Monthly Gains

Existing-home sales retreated in October on the heels of two strong monthly gains, according to the National Association of REALTORS®. Palm Coast, FL – November 23, 2010 – Existing-home sales retreated in October on the heels of two strong monthly gains, according to the National Association of REALTORS®. Existing-home sales1, which are completed transactions that […]

Prominent Foreclosure Defense Attorney Faces Losing His Own Home

South Florida attorney and his wife haven’t made a mortgage payment since December 2006 and continue to live in the 3,920-square-foot house in Paradise Palms. Palm Coast, FL – November 22, 2010 Diane C. Lade, Sun Sentinel Peter Ticktin, the South Florida attorney who has received national attention as a foreclosure defense expert, has something […]

No There’s No Life at MERS

Mortgage Electronic Registration Systems, Inc (MERS) has a very long history. The beginning stages have remained a mystery until now. Palm Coast, FL – November 21, 2010 – Mortgage Electronic Registration Systems, Inc (MERS) has a very long history. The beginning stages have remained a mystery until now. In 1989, Brian Hershkowitz developed the “Whole […]

Aggressive Lobbying Defends Mortgage-trading System

”Fixing MERS on a federal level to give them a free pass from complying with what we have known as the law for many years because the banks screwed up is really a bad precedent.” Palm Coast, FL – November 21, 2010 By: Ariana Eunjung Cha and Brady Dennis – Washington Post Staff Writers The […]

ABC Liquor Store Opens in Palm Coast

Residents first wondered why the city allowed the building. More recently, people were wondering when it would open. Palm Coast, FL – November 20, 2010 – I’ve gotten a lot of calls and emails about Palm Coast’s new ABC Liquor Store at the northeast corner of Palm Coast Pkwy and Old Kings Rd. When the […]

Mortgage Rates Rise for the First Time in Eight Weeks

30-year Fixed Rate Mortgages averaged 4.39 percent with an average 0.9 point for the week ending November 18, 2010, up from last week when it averaged 4.17 percent. Palm Coast, FL – November 19, 2010 – Freddie Mac (OTC: FMCC) yesterday released the results of its Primary Mortgage Market Survey® (PMMS®), which found that the […]

Crescent Golf Course Sales Contracts Fall Through

Osprey Cove, Winding River, and The Grand Club are back on the market after pending contracts failed to complete. Palm Coast, FL – November 19, 2010 – Pending contracts on three Crescent Resources owned golf course properties failed to complete. An alert GoToby.com reader noticed the absence of the UNDER CONTRACT notice on commercial broker […]