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 […]
In states such as Florida, courts give mortgage holders as long as five years to seek a deficiency judgment and, if granted, up to 20 years to collect. Palm Coast, FL – January 28, 2010 By Kathleen M. Howley: Bloomberg.com Jan. 28 (Bloomberg) — When John King stopped making payments on his home […]
Toby will be the guest on Patrick Kelly’s Palm Coast, FL – January 27, 2010 – GoToby.com publisher Toby Tobin will be the guest on WNZF’s "Free for All Fridays" show hosted by Patrick Kelly. The show’s main topic will be real estate and mortgage fraud. Fraud has been rampant in the real estate industry. […]
Coquina Coast Desalination Project Team Recommends Land-Based Plant for Further Study Palm Coast, Fla. – January 25, 2010 – The first phase of work on the Coquina Coast Seawater Desalination Project has concluded with a recommendation that local governments continue evaluating a land-based seawater desalination facility. This recommendation and others are made in the Final […]
Home prices rose from December 2008 and annual sales improved in 2009, according to the National Association of Realtors®. Washington, January 25, 2010 – After a rising surge from September through November, existing-home sales fell as expected in December after first-time buyers rushed to complete sales before the original November deadline for the tax credit. […]