Entries by Toby Tobin

Tax Credit Extension Delayed

News services yesterday erroneously reported the approval of an extension to the home buyer tax credit deadline to close already signed contracts. Palm Coast, FL – June 18, 2010 – News services yesterday erroneously reported an extension to the home buyer tax credit deadline to close already signed contracts. What actually happened is that the […]

Intracoastal Bank Celebrated its Second Anniversary on Wednesday.

Headquartered in Palm Coast, Intracoastal is Flagler County’s only locally owned and operated financial institution. Palm Coast, FL – June 18, 2010 – Wednesday, Intracoastal Bank, Flagler County’s only locally owned and operated financial institution, celebrated its second anniversary. The community has welcomed the Bank as evidenced by the Bank’s rapid growth.  During the second […]

Senate Extends Closing Deadline for Home Buyer Tax Credit

Amendment gives homebuyers who were under contract by April 30 an extra three months to close and claim the federal tax credit. Palm Coast, FL – June 17, 2010 – Realtors, home buyers and sellers are all pleased with the U.S. Senate’s passage of an amendment to HR 4213 that will extend the deadline for […]

California Voters Reject Amendment 4-Style Measure

Even California voters aren’t willing to deepen their recession by passing this type of amendment Palm Coast, FL – June, 17, 2010 –  (ORLANDO, FL – June 16, 2010) California voters in Mission Viejo last week rejected a "Vote on Everything" measure that would have required referenda on "major developments," reports the Orange County Business […]

FHFA Directs Delisting of Fannie Mae and Freddie Mac Stock from New York Stock Exchange

The determination to direct delisting is related to stock exchange requirements for maintaining price levels and curing deficiencies. Washington, DC – June 16, 2010 – The Federal Housing Finance Agency has directed Fannie Mae and Freddie Mac (the Enterprises), operating in conservatorship, to delist their common and preferred stock from the New York Stock Exchange […]

Reynolds Gorilla Commentary Follow Up

I’ve heard from several readers on both sides of the issue; praise from one and scorn from the other. Palm Coast, FL – June 16, 2010 – After my commentary about Reynolds being a 2,000 pound gorilla in the Conservatory went viral yesterday, I got an expected call from the location manager for Reynolds at Hammock Beach, […]

Is Reynolds a Good Guy or a 2,000 Pound Gorilla?

Are the developer’s plans for The Conservatory at Hammock Beach in the owners’ best interest? Palm Coast, FL – June 14, 2010 – The Conservatory at Hammock Beach never moved beyond its successful launch in 2005 when eager buyers snatched up 337 building lots for prices ranging from $329,900 to $529,900. The launch yielded approximately […]

Mortgage Interest Rates at Lowest Level of the Year

Freddie Mac says the interest rate for a 30-year fixed mortgage has dropped to 4.72%, this year’s lowest and just one basis point above the all-time low of 4.71% set last December. Palm Coast, FL – June 11, 2010 – Freddie Mac reports that the average interest rate for a 30-year fixed rate mortgage has […]

Ginn-LA Lawsuits Update

Subpoenas, settlement agreements, and appeals Palm Coast, FL – June 11, 2010 – GoToby.com receives frequent requests for information about the progress of various lawsuits involving Ginn-LA (real estate developer Bobby Ginn and Ginn’s financial partner, Lubert-Adler). Two lawsuits saw action within the past few weeks. Liles v Ginn-LA West End This suit was originally […]

Understanding Your Property Assessment Numbers

What do all the different assessment numbers mean and how do they affect my property taxes? Palm Coast, FL – June 10, 2010 – Did you know that you can access your property’s assessment numbers on-line at the Flagler County Property Appraiser’s website [https://www.flaglerpa.com/]? You can check out your neighbors’ and friends’ assessments too, and […]