As in previous months, only about 1/4 of properties scheduled for sale are homesteaded, implying that most foreclosures are second homes or investment properties. Palm Cost, FL – July 1, 2010 – Several Flagler County properties are scheduled to be sold at foreclosure sales in July. As in recent months, most properties are not homesteaded. More […]
Extending the tax credit closing and flood insurance deadlines will help provide additional stability to real estate markets across the nation. Washington, July 01, 2010 – The National Association of Realtors® today commended Congress for timely passage of two bills to extend the home buyer tax credit closing deadline and reauthorize the National Flood Insurance […]
Lawsuit to recover alleged fraudulent transfers from Credit Suisse loan proceeds now names high-profile Lubert-Adler investors including the President and Fellows of Harvard College. Palm Coast, FL – June 30, 2010 – A lawsuit against Bobby Ginn and financial partner Lubert-Adler to recover the alleged fraudulent transfer of over $328 million from a Credit Suisse […]
Nearly one in five delinquent mortgages through the first half of 2009 was owned by someone who could afford to pay, but decided defaulting was a smarter financial play. Palm Coast, FL – June 29, 2010 By: Kimberly Miller – Palm Beach Post staff writer Palm Beach – June 28, 2010 – Nearly one in […]
Straub’s company allegedly dumped fill into a wetland area during June 2005. Another Straub company bought Tesoro at last year’s bankruptcy sale. Palm Coast, FL – June 29, 2010 – June 22, a grand jury indicted Glenn Straub and his company Palm Beach Polo Holdings with two counts of unlawful discharge into United States waters. […]
In retrospect, my characterization of Reynolds as the 2,000 pound gorilla was inappropriate. Palm Coast, FL – June 27, 2010 – The Conservatory was conceived and developed by Bobby Ginn and Lubert-Adler (Ginn-LA). In hindsight, it was ill-conceived as a community of million dollar and multi-million dollar homes. It is floundering, badly in need of […]
Palm Coast Holdings-related entities take title to Grand Woods, Roberts Road, and Grand Landings projects as part of Crescent Resources exit from Chapter 11 Bankruptcy. Palm Coast, FL – June 26, 2010 – In accordance with its Chapter 11 Bankruptcy reorganization plan, Crescent Resources gave up title to three large development properties in Palm Coast […]
Note that they spell Theatre with an re rather than er. That gives it more class – and it does have class. Palm Coast, FL – June 25, 2010 – Epic Theatre opens its 14-screen movie theater complex in Palm Coast’s Town Center today. Not since the arrival of Target and Kohl’s have Palm Coast […]
The 15-year FRM this week averaged 4.13 percent with an average 0.6 point, down from last week when it averaged 4.20 percent. Palm Cost, FL – June 25, 2010 – McLean, VA – Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged […]
New rules for mortgage license applications take effect later this year that require annual criminal background and credit report checks. Palm Coast, FL – June 24, 2010 BY NIRVI SHAH: MiamiHerald.com After years of lax licensing requirements, all mortgage brokers in Florida — including those who may have just submitted an application — will have […]