Entries by Toby Tobin

Round One to Ginn in ILSA Lawsuit against Ginn-LA West End, Limited

Florida Middle District Federal Judge Marcia Howard Dismisses Plaintiffs’ ILSA claims on venue. Suit should be tried in Bahamas she says. Palm Coast, FL – April 3, 2010 – In a March 31, 2010 ruling, Florida Middle District Federal Judge Marcia Howard dismissed on venue the Liles v. Ginn-LA West End, Limited lawsuit charging Ginn and others […]

HUD AND CPSC Issue Guidance on Repairing Homes With Problem Drywall

Two federal agencies said Friday that homes with contaminated Chinese drywall must be gutted of all drywall, wiring and plumbing to be considered safe. Palm Coast, FL – April 2, 2010 – The U.S. Department of Housing and Urban Development (HUD) and the U.S. Consumer Product Safety Commission (CPSC) today issued interim remediation guidance to […]

Economic Development Team Hopes ‘Project Vision’ Locates Manufacturing Plant in Flagler County

Targeted company, whose name cannot be released because of a confidentiality agreement, exploits cutting edge technology to produce Large Print pens and pencils Palm Coast, FL – April 1, 2010 – Struggling with Florida’s highest unemployment rate, Palm Coast and Flagler County are desperately seeking new employers. Economic development leaders and commercial Realtors®, although under […]

Freddie Mac Eases Condo Borrowing Restrictions

Florida’s depressed condominium market will benefit from the easing of the agenciy’s mortgage qualification standards. Palm Coast, FL – April 1, 2010 – Government guaranteed loans have been hard to find for potential condominium buyers. Condominium units in complexes with too many foreclosures, vacancies, or delinquent association dues have not qualified for federally backed loans, […]

Federal Housing Finance Agency Reports Mortgage Interest Rates

The average interest rate on conventional 30-year, fixed-rate, mortgage loans of $417,000 or less increased 3 basis points to 5.13 percent in February. Washington, DC – March 30, 2010 – The Federal Housing Finance Agency today reported that the average interest rate on conventional 30-year, fixed-rate, mortgage loans of $417,000 or less increased 3 basis […]

Bank Frustrates Borrower’s Attempts to Find a Solution

Lender acts like keystone cops but it’s not funny. Is it intentional or are they simply inept? Palm Coast, FL – March 29, 2010 – Borrowers who are in trouble with upside down mortgages often find their lenders unwilling or unable to work out a solution. In one case involving a Palm Coast resident the […]

Job Numbers Rise in Top Three Foreclosure States

Nevada, Arizona, and Florida, the top three foreclosure states, all saw job numbers rise in February, the Labor Department reported. Palm Coast, FL – March 28, 2010    By Laurent Belsie – Christian Science Monitor The three US states with the highest foreclosure rates saw job numbers rise last month, a sign of a potential […]