Florida, New York and California Top List of States with Highest Mortgage Fraud and Misrepresentation Rates.lncidents of Mortgage Fraud Increase 7 Percent from 2008 to 2009. Palm Coast, FL – April 27, 2010 NEW YORK, April 26 – [PRNewswire] – Reported incidents of mortgage fraud and misrepresentation by professionals in the mortgage industry in the U.S. are […]
Thirty-one unlicensed contractors were advertising on the Internet and Craig’s List. Warrants have been issued for others. Palm Coast, FL – April 27, 2010 – Florida’s Department of Business and Professional Regulation (DBPR) has arrested thirty-one people, one a minor, who placed ads for regulated home repair services on Craig’s List. The problem is that they weren’t […]
Only 30% of the residential properties scheduled for foreclosure sales in the next two weeks are homesteaded Palm Coast, FL – April 26, 2010 – The Flagler County Clerks of Courts office will be busy during the next two weeks. About 75 real estate properties are scheduled to be sold as a result of foreclosure […]
Tim Blixseth suggests that Credit Suisse loaned his Yellowstone Club millions then tried to sell him Credit Default Swaps (CDSs) so he could make money when the loan defaulted. Palm Coast, FL – April 24, 2010 – GoToby.com is captivated by the $24 Billion Credit Suisse lawsuit, in part because Palm Coast’s Ginn Company is […]
Although the credit rating agencies were aware of increased levels of mortgage fraud and lax underwriting, they did not factor that credit risk into their models. Palm Coast, FL – April 23, 2010 Source: E Credit Daily [April 23, 2010] The dominant credit rating agencies used risk models that turned out to be inaccurate, […]
The South saw the biggest jump in new home sales, up 43.5%, while the Northeast region saw sales climb 35.7%. Palm Coast, FL – April 23, 2010 By Chavon Sutton: CNN Money.com [April 23, 2010] NEW YORK (CNNMoney.com) – New home sales improved in March at the fastest single-month rate in 47 years, according […]
Up 6.8 % to a seasonally adjusted annual rate of 5.35 million units in March from 5.01 million in February, and are 16.1 % above the 4.61 million-unit level in March 2009. Palm Coast, FL – April 22, 2010 — Buyers responding to the homebuyer tax credit and favorable affordability conditions boosted existing-home sales in […]
Simple answers and trite political responses just don’t tell the whole story. Palm Coast, FL – April 22, 2010 – [TALLAHASSEE, Fla., April 6, 2010] – Florida Realtors® has announced the findings of its unique Face of Foreclosure research project, designed to study the impact of foreclosures on both the Florida housing market and on individual […]
A majority of the state’s MSAs have reported increased sales for 21 consecutive months. Palm Coast, FL – April 22, 2010 – [ORLANDO, FL] – Florida’s existing home sales rose in March, which means that sales activity has increased in the year-to-year comparison for 19 months, according to the latest housing data released by Florida […]
Engine builder HMS Holding’s $1,725,110 judgment against Bobby Ginn results in the forced sale of Bobby’s Colorado condominium. Palm Coast, FL – April 21, 2010 – The Sheriff of Eagle County, Colorado will sell condominium unit #222 in The Seasons at Avon owned by Palm Coast real estate developer Edward R. (Bobby) Ginn III on May 14, […]