Entries by Toby Tobin

The Bonnie and Clyde of Mortgage Fraud

A follow up on one of GoToby.com’s early Mortgage Fraud articles. An episode of ‘American Greed’ about Matthew Cox is reminiscent of ‘Catch Me if You Can.’ Palm Coast, FL – July 28, 2010 – In the early days of GoToby.com over three years ago, I posted an article titled Mortgage Fraud, a Natural Byproduct […]

Long after Ginn-LA (Tesoro) Bankruptcy, Property Owners are Hounded for Delinquent Club Dues

Sarasota-based The Monticello Group purchased the unpaid deposits, dues, fees and other amounts relating to membership in The Tesoro Club. Now they’re trying to collect. Palm Coast, FL – July 28, 2010 – [Updated July 29, 2010] In the aftermath of real estate developer Ginn-LA’s (Bobby Ginn and financial partner Lubert-Adler) bankruptcy of the Tesoro […]

The Decline: The Geography of a Recession

Watch the pattern of U.S. Unemployment Growth by county since Jan 2007 in this dramatic interactive graphic. Palm Coast, FL – July 26, 2010 – The housing market and unemployment are closely linked in this Great Recession. Now you can see the growth pattern of unemployment county by county. A friend sent this dramatic interactive […]

Grand Haven Golf Club Gets Second Look by Interested Buyer

Visitors and a helicopter were evident at Grand Haven recently Palm Coast, FL – July 25, 2010 – A potential buyer for the Grand Haven Golf Club in Palm Coast, FL reportedly made a second visit to the Palm Coast facility last week. Course maintenance experts were reportedly included in the visiting group. A helicopter was also present […]

Visualizing the Credit Crisis in Terms We can Understand

This 11 minute video does a great job of explaining what happened to the credit/mortgage market. Palm Coast, FL – July 26, 2010 – GoToby.com reader Michael Chiumento sent this video clip to share with my readers. It does an excellent job of explaining the credit crisis in terms most of us can understand.  While […]

Viral Email Raises Real Estate Tax Fears

The email incorrectly states that ‘all real estate transactions will be subject to a 3.8% sales tax.’ WASHINGTON – July 26, 2010 – A viral email that keeps circulating seems to die out but then returns with a vengeance. Florida Realtors and the National Association of Realtors have received numerous calls from concerned members. The […]

Home Sales Slowing with End of Homebuyer Tax Credit

June sales numbers were buoyed by the homebuyer tax credit. Although the tax credit closing deadline was extended by three months, the air is out of the tax credit balloon. Palm Coast, FL – July 23, 2010 – Sales of single-family residential homes through MLS in Flagler County for June 2010 mirrored those of June […]

Mediation Now Required for Florida Homesteaded Foreclosures

Programs to stem the tide of foreclosures have been marginally successful. Perhaps this new approach will improve the problem. Palm Coast, FL – July 22, 2010 – Beginning July 19, all new foreclosures of homesteaded residences in Flagler, Putnam, St. John’s, and Volusia counties in Florida will be referred to mediation. These counties comprise Florida’s Seventh […]