Attorney Dana Ballinger files 3rd complaint in which she represents Ginn sur Mer plaintiffs. Ballinger and some plaintiffs first heard about Ginn-LA’s Credit Suisse default from GoToby.com. Palm Coast, FL – May 19, 2010 – Bobby Ginn and his financial partner Lubert-Adler are hit with the second lawsuit in a week. Last week, the trustee […]
Some contracts with Hampton Golf have been removed from the list of contracts to be assumed by the reorganized Crescent. Palm Coast, FL – May 18, 2010 – Last Thursday, GoToby.com published a story about Crescent Resources’ plan for reorganization for exiting Chapter 11 bankruptcy. The story focused on a list of "contracts…to be assumed" […]
Deciding whether to repair or replace roofing is largely an exercise in timing–you don’t want to reroof too soon and waste money, but you don’t want to wait too long either. Palm Coast, FL – May 17, 2010 Article From Houselogic.com By: Jeanne Huber Published: September 16, 2009 Deciding whether to repair or […]
On average, American consumers spend only 5 hours researching their home mortgage options, about the same as time spent planning a one-week vacation. Palm Coast, FL – May 17, 2010 – Buyers often blame someone else when their real estate investments or home purchase turns out badly. Some of them are right. I’ve seen enough […]
Even with the state’s highest unemployment rate and flood of distressed properties, more owners are making sure their property taxes are paid. Palm Coast, FL – May 14, 2010 – Flagler County, FL’s 2009 Property Tax delinquencies are 26.35% lower than last year’s. In spite of the abundance of distressed properties (lender-owned via foreclosure or […]
The Confirmation Hearing for Crescent’s Plan for Reorganization is scheduled for May 20. The plan has good news for club members. Palm Coast, FL – May 13, 20 – Crescent Resources LLC is expected to emerge from Chapter 11 bankruptcy soon. Crescent and 130 of its subsidiaries declared bankruptcy June 10, 2009. Over the last […]
The corner has been turned. Sales of Single-Family Homes in Palm Coast and Flagler County continue to rise. Palm Coast, FL – May 11, 2010 – GoToby.com thinks the Palm Coast/Flagler housing market is getting stronger. As I began to assemble this monthly newsletter, hedge fund guru John Paulson predicted a housing market turnaround this […]
Tesoro and Quail West Bankruptcy Trustee sues to recover alleged fraudulent transfers of Credit Suisse loan proceeds to Lubert-Adler funds and Bobby Ginn. Palm Coast, FL – May 11, 2010 – Drew Dillworth, Chapter 7 Trustee for the consolidated Ginn-LA Tesoro and Quail West bankruptcies filed a complaint yesterday alleging fraudulent transfers in the distribution […]
Now-famous hedge fund manager who foresaw the housing collapse sees a V-shaped recovery and gains in house prices Palm Coast, FL – May 10, 2010 – Hedge fund manager John Paulson today forecast a rebound in the housing market during a 1 hour and 20 minute conference call. He told investors that he expects a V-shaped recovery […]
The site where an ABC Liquor Store is being built sports a CVS Coming Soon sign. Palm Coast, FL – May 7, 2010 – A GoToby.com reader is more alert than a sign company employee. Chuck Durkee noticed the sign company’s mistake as he drove by the ABC Liquor Store construction site at the northeast corner […]