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 […]
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, […]
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 […]
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 […]
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 […]
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 […]
Some Michigan residents have returned home to find their windows broken, houses ransacked and valuables missing. Palm Coast, FL – June 10, 2010 BY L.L. BRASIER and JOHN WISELY FREE PRESS STAFF WRITERS Free Press – Metro Detroit – Posted June 7, 2010 – Some Michigan residents have returned home to find their windows […]
The buyer for both properties is GreenPointe Communities LLC, a development company formed by Ed Burr, founder and former CEO of LandMar Group. Palm Coast, FL – June 9, 2010 – As Crescent Resources nears its exit from Chapter 11 bankruptcy, the bankruptcy court will consider at a June 11 hearing a motion to sell […]
Bulk condo purchasers will not be responsible for the original developer’s liabilities. Palm Coast, FL – June 7, 2010 – Florida Governor Charlie Crist signed into law last week the Distressed Condominium Relief Act. The act takes effect July 1, 2010. It is designed to facilitate sales of the large inventory of distressed condominiums in the […]
Miami-based Banner Supply Co. agreed in 2006 to keep quiet about a smell produced by imported Chinese drywall Palm Coast, FL – June 7, 2010 South Florida Business Journal – by Paul Brinkmann Miami-based Banner Supply Co. agreed in 2006 to keep quiet about a smell produced by imported Chinese drywall that has […]