Reorganization plan would wipe out equity holders stake. Disclosures hint of cause for actions against company’s parents, affiliates, officers, managers, directors, and professional advisers. Palm Coast, FL – April 14, 2010 – The Creditors Committee in the Crescent Resources LLC chapter 11 bankruptcy raises questions of impropriety regarding the complex transaction that created the Duke […]
Washington Mutual, with more than $300 billion in assets, was the nation’s largest thrift before it was seized by the government and sold to JPMorgan Chase & Co. in 2008. Palm Coast, FL – April 14, 2010 Posted April 13, 2010 on bailoutsleuth.com by RYAN HOLEYWELL Former risk officers at Washington Mutual Inc. testified today […]
The share of homeowners behind on their mortgages fell in the first quarter, the first drop in four years and a possible sign that the foreclosure crisis has peaked. Palm Coast, FL – April 14, 2010 By Stephanie Armour, USA TODAY The share of homeowners behind on their mortgages fell in the first quarter, the […]
The glut of vacant foreclosed homes has inspired con artists to concoct a new scam: posing as landlords to swindle prospective tenants out of rent and deposit money. Palm Coast, FL – April 13, 2010 Carolyn Said – San Francisco Chronicle staff writer April 11, 2010 – The glut of vacant foreclosed homes has inspired […]
Can a family with a median household income afford a median priced home in the local real estate market? Palm Coast, FL – April 12, 2010 – Flagler County continues to grow although slowly. GoToby.com attributes the growth in part to the area’s attractive Housing Affordability Index (HAI). The HAI shows the relationship between an […]
The portfolio includes all of the golf courses, club amenities, maintenance equipment and facilities Palm Coast, FL – April 12, 2010 Tampa Bay Business Journal – today WCI Communities has hired Marcus & Millichap Real Estate Investment Services to help it sell seven of its golf courses located in Sun City Center. The portfolio […]
Apartment construction has begun at Beach Village. Mixed-Use project on the south end of Colbert changes hands. Old Kings Rd will reopen May 1st. Palm Coast, FL – April 9, 2010 – Although the commercial real estate market is at a low ebb, things are happening along SR 100 and the south end of Colbert […]
A federal judge in New Orleans ruled that a Chinese company that made defective drywall must pay $2.6 million to fix seven Virginia homes. Palm Coast, FL – April 8, 2010 By Bob Van Voris and Allen Johnson Jr.: (Bloomberg) A federal judge in New Orleans ruled that a Chinese company that made defective drywall must […]
Flagler County Commissioners decide that the Hammock Beach developer cannot build a hotel in front of its existing Resort Palm Coast, FL – April 6, 2010 – Scores of spectators, most of them Hammock Beach property owners, showing their solidarity by all wearing light blue shirts, packed the chamber as the Flagler County Board of […]
Pending home sales rose in February, potentially signaling a second surge of home sales in response to the home buyer tax credit, according to the National Association of Realtors®. Palm Coast, FL – April 5, 2010 – Pending home sales rose in February, potentially signaling a second surge of home sales in response to the […]