Informant has laid bare at least $200 million in fraudulent property deals, incriminated more than 30 of his former business partners Palm Coast, FL – February 8, 2010 By Michael Braga, Chris Davis & Matthew Doig: Sarasota Herald-Tribune February 7, 2010 – Craig Adams, orchestrator of one of the largest real estate fraud rings […]
Palm Coast City Manager meets with owners. Owners listened politely but there was no meeting of the minds. Palm Coast, FL – February 6, 2010 – Property owners in Palm Coast Plantation adjacent to the City of Palm Coast, FL fear annexation by the city. The private community is located between Colbert Lane and the […]
Flagler County passes measure to allow real estate tax exemption for Granny Flats but most will not qualify. Palm Coast, FL – February 5, 2010 – There is a lot of buzz about Flagler County’s new Granny Flat property tax exemption. In reality, the qualifying standards are very limiting. Most will not pass the test. What […]
They say they’re victims of unforeseen fees and false promises of profit. Palm Coast, FL – February 4, 2010 – An excellent article recently published in the Palm Beach Post does a great job of revealing flaws that have become apparent in the condo/hotel business model. It tells what happened at Singer Island in south Florida. […]
Pending home sales have leveled from a market swing driven by response to the home buyer tax credit, according to the National Association of Realtors®. Palm Coast, FL – February 3, 2010 – The National Association of Realtors’® monthly home sales index was released in Washington yesterday. Pending home sales have leveled from a market […]
Bank regulators not only ignored the group’s warnings, top Fed officials said the economy was building on a sturdy foundation – a housing crash was unlikely. Palm Coast, FL – February 2, 2010 – By Elizabeth MacDonald: Fox Business One of the nation’s biggest mortgage industry players repeatedly warned the Federal Reserve, the Federal […]
Heard on the street: There may be a new buyer for the Eagle Lakes development on Old Kings Road South Palm Coast, FL – February 2, 2010 – The developer of Eagle Lakes, like so many other developers, faced financial problems, unable to pay back loans to its original lender, Colonial Bank, then Colonial’s successor, […]
Amended complaint adds plaintiffs and provides more details of the Loan to Own scheme Credit Suisse employed to allegedly gain control of four luxury ski and golf resorts. Palm Coast, FL – February 1, 2010 – Plaintiff’s attorneys in a $24 Billion lawsuit against Credit Suisse Bank filed an amended complaint January 25, 2010. The […]
Plan will Reduce Company’s Debt and Enhance Capital Structure Supported by Significant Group of Company’s Lenders Palm Coast, FL – February 1, 2010 – The parent company of Palm Coast area real estate developer LandMar Group has filed a plan for reorganization under chapter 11 bankruptcy. Crescent Resources and certain of its subsidiaries plan to […]
Report Cites Trends in Demographics, Consumer Behavior as Drivers of New Housing Markets Palm Coast, FL – January 29, 2010 WASHINGTON (January 27, 2010) – As the U.S. economy recovers, emerging trends in demographics and consumer behavior will become major drivers of new housing opportunities, resulting in a residential market vastly different from the one […]