Entries by Toby Tobin

Existing-Home Sales Surge in Many States in Third Quarter, Metro Prices Moderating

Most states experience continued home sales growth according to the National Association of Realtors® Palm Coast, FL –November 11, 2009 – National Association of Realtors® report issued yesterday indicates rising existing-home sales. WASHINGTON, November 10, 2009 – Most states continued to experience rising existing-home sales in the third quarter, with prices moderating in many metro […]

Palm Coast’s Palm Harbor Golf Course Opens

Saturday ribbon cutting followed by tournament for special guests and media. Public play began on Sunday Palm Coast, FL – November 10, 2009 – The November 7-8 weekend marked the long anticipated reopening of the Palm Harbor Golf Course. Saturday was marked by a ribbon cutting ceremony and a tournament for special guests and media. […]

Real Estate and Mortgage Fraud was Massive, Rampant

Let the buyer beware. What is reasonable? Does due diligence mean you should trust nobody and verify everything? Follow upcoming GoToby.com articles for the answer. Palm Coast, FL – November 12, 2009 – Real estate fraud ran rampant in states such as Florida where the real estate boom overwhelmed the systems’ safeguards. Real estate transactions […]

Are Gas-Passing Microbes the Chinese Drywall Problem?

Could it be as simple as microbes passing gas after a tasty meal of gypsum? Palm Coast, FL – November 9, 2009 – First, it was global warming caused by flatulent cows. Could the Chinese toxic drywall problem be as simple as microbes passing gas after a tasty meal of gypsum? Note the dateline. It’s not […]

High-flying Big Sky humbled by bankruptcy, lawsuits

Nine-digit loans going into default. While snow has returned to the slopes again, the days of palaces and outdoor chandeliers have not. Palm Coast, FL – November 8, 2009 – Over hyped, over leveraged luxury second home communities continue to show signs of financial stress. The experiences of Lake Las Vegas, Yellowstone Club, Telluride, are […]

The Next Cycle of Wealth Creation has Begun. Are You Ready?

For the same reason that people didn’t get out at the top, they now hesitate to get in at the bottom. The intrepid ones will be the biggest gainers. Palm Coast, FL – November 6, 2009 – Real estate, like the stock market, is a risk/reward market.  But successful real estate investors don’t make money […]

Obama Signs Extended Tax Credit into Law

Qualifying contracts must be signed by April 30, 2010. The transaction must close by June 30, 2010. Palm Coast, FL – November 6, 2009 – President Obama signed today a bipartisan bill that extends the first-time buyer tax credit to April 30, 2010. Transactions must close by June 30, 2010. The bill also adds a […]

Senate Extends and Expands Homebuyer Tax Credit

$8 thousand credit to first-time buyers is extended till April 30, 2010. Bill adds move-up buyer credit of $6.5 thousand. Palm Coast, FL – November 5, 2009 – In a 98-0 vote, the U. S. Senate approved a bill to extend and expand the homebuyer tax credit. The $8,000 first-time homebuyer credit, which was set […]

More Borrowers Walk Away from Homes, Mortgages

The mortgage unit of Citigroup says one in five borrowers who defaults does so willingly, even though they’re able to pay the mortgage. Palm Coast, FL – November 4, 2009 By Stephanie Armour, USA TODAY When Sharon Sakson was laid off recently from her job as a television writer and producer, she burned through her […]

Mortgage Fraud Surge Investigation Nets More Than 100 Individuals Throughout Middle Florida

The cases concern both mortgage schemes designed to defraud mortgage lenders and foreclosure rescue schemes which prey on distressed homeowners. Palm Coast, FL – November 4, 2009 TAMPA, Fla., Nov. 4 [PRNewswire-USNewswire] – United States Attorney A. Brian Albritton today announced the results of a nine-month-long Mortgage Fraud Surge investigation that has resulted in charges […]