Ohio Attorney General Richard Cordray is warning mortgage servicers not to rush foreclosure fixes in the wake of the recent robo-signing scandal. Palm Coast, FL – November 1, 2010 Ohio Attorney General Richard Cordray is warning mortgage servicers not to rush foreclosure fixes in the wake of the recent robo-signing scandal. The AG also […]
The Miami judge managing a backlog of 80,000 foreclosures said it’s “frustrating” that lenders including Bank of America Corp. and JPMorgan Chase & Co. continue to cancel foreclosure auctions. Palm Coast, FL – October 31, 2010 The Miami judge managing a backlog of 80,000 foreclosures said it’s “frustrating” that lenders including Bank of America Corp. […]
Jim Landon wants to explain city’s possible plans for building a new city hall in Town Center. Four separate meetings are planned. Palm Coast, FL – October 29, 2010 – Palm Coast City Manager Jim Landon announces a schedule of four town hall meetings at which he will explain the city’s plans for a new […]
Links to important news stories affecting the housing market Palm Coast, FL – October 29, 2010 – It’s difficult to keep track of all the changes that effect the housing market. Mortgage interest rates remain at or near historic lows. At the same time, the median selling price for Palm Coast, Flagler County single family […]
The average interest rate on conventional, 30-year fixed-rate mortgage loans of $417,000 or less decreased 12 basis points to 4.58 percent in September. Washington, DC– October 28, 2010 – The Federal Housing Finance Agency today reported that the National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders, used as […]
China’s failure to cooperate with the CPSC on drywall demonstrates how little recourse U.S. consumers have when they buy defective products imported from abroad. Palm Coast, FL – October 27, 2010 – A federal investigation into contaminated Chinese-made drywall has been a long, hard tug-of-war for U.S. investigators trying to pry information from Chinese government […]
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 – October 25, 2010 – The National Association of Realtors® (NAR) Research staff gives a weekly analysis of the economic data released during the past week, and how current economic conditions are […]
Sales of existing condominiums in Florida rose 10 percent in September, with a total of 5,675 condos sold statewide compared to 5,140 units sold in September 2009. ORLANDO, Fla. – October 25, 2010 – Sales of existing condominiums in Florida rose 10 percent in September, with a total of 5,675 condos sold statewide compared to […]
Buyer reportedly backed out after discovering $4.2 million membership deposit obligations. Palm Coast, FL – October 23, 2010 – Grand Haven Golf Club, a Crescent Resources property in Palm Coast, FL went under a purchase contract four weeks ago. The deal was close to closing. A survey was begun. But now the deal is dead. […]
Net income of $1,021,232 during the 9 month period ending September 30, 2010 Palm Coast, FL – October 23, 2010 – Intracoastal Bank yesterday announced that the Bank recorded a net income of $1,021,232 during the 9 month period ending September 30, 2010. During the first 9 months, total assets increased by $21,492,556 to $106,982,994 at […]