Most Americans still consider having enough money for down payment and closing costs to be the biggest obstacles to buying a home. Washington, July 09, 2009 – Most Americans still consider having enough money for down payment and closing costs to be the biggest obstacles to buying a home. That’s according to the 2009 National […]
Epic (or its lender) seem unable to pull the trigger on the planned 14-screen multiplex theater in Town Center. Another operator may be waiting in the wings to see what happens. Palm Coast, FL – July 10, 2009 – When Epic first delayed construction of its 14-screen multiplex theater planned for Town Center, it attributed the […]
334.6 acres will be sold pursuant to a Final Summary Judgment of Foreclosure at the Osceola County Courthouse along with Levitt properties in Lee, Lake, and Seminole counties. Palm Coast, FL – July 9, 2009 – Levitt & Sons and 37 subsidiaries filed for bankruptcy in November 2007. On July 22, Levitt-owned real estate in […]
Did you know that your property taxes may go up even though the value of your property declines? Palm Coast, FL – July 8, 2009 – When real estate values drop, Florida’s Save Our Homes amendment is like the screen door that hits you in the behind when you leave. Owners of homesteaded property who […]
Financially marginalized owners of luxury, investment, and second home properties are feeling the pain. The result – an increase in the number of distressed high-end properties appearing on the market Palm Coast, FL – July 7, 2009 – Owners of expensive real estate are not immune to financial setbacks. Today, some find themselves financially marginalized […]
Ginn and one of the condo owners associations asked the County for an indefinite extension. If commissioners agree, any scheduled future hearing on the issue will have to be readvertised Palm Coast, FL – July 2, 2009 – A hearing on a proposed Development of Regional Impact (DRI) Notice of Potential Change (NOPC) for Hammock […]
National Association of Realtors® indicator of future home sales (Pending Home Sales Index) continues to show gains nationally. Flagler pending sales also up. Washington – July 01, 2009 – Nationally, pending home sales show a sustained uptrend, rising for four consecutive months with very favorable housing affordability and a first-time buyer tax credit boosting activity, according […]
One golf community with 150 unsold lots, another nearly built out, both in Arizona face an uncertain future as real estate development company Crescent Resources LLC declares bankruptcy. Palm Coast, FL – July 1, 2009 – According to Crescent Resources contacts, the four Palm Coast, FL golf courses affiliated with Crescent are not part of […]
The Friends of Golf report construction progress at Palm Coast’s municipal golf course. Palm Coast, Florida – June 28, 2009 – The Palm Harbor Golf Course moves closer to its reincarnation as the areas only publicly owned golf course. Once one of the four jewels of the original Palm Coast golf venue, Palm Harbor lost […]
Developers shield their projects, one from the other, by setting up separate legal entities. If one project fails, it does not affect the assets of the others. But are there other reasons? Palm Coast, Florida – June 25, 2009 – The recent Crescent Resources LLC bankruptcy included 120 separate but related legal entities or subsidiaries. […]