Are you over 62? Here’s a new way to look at home equity. Exploding myths, the reverse mortgage is not what you think it is. Palm Coast, Florida – March 4, 2009 – One year ago I wrote an article titled "Baby Boomers and Reverse Mortgages, another Perfect Storm for Lenders." I prophesied, "Since the […]
Homeowners encouraged to look for warning signs, avoid common scams Palm Coast, Florida – March 4, 2009 – Attorney General Bill McCollum yesterday issued a consumer advisory as part of National Consumer Protection Week on foreclosure “rescue” services and loan modification offers, the most frequent subject of complaints to the Attorney General’s Office during 2008. […]
Recallable Invitational Memberships coming to Ginn Clubs and Resorts. Palm Coast, Florida – March 3, 2009 – In a refreshing, and hopefully continuing, move to communicate company policies and positions to club members, Ginn Clubs and Resorts yesterday sent members an update letter. The letter acknowledges the severity of the financial climate and its effects. […]
Current attacks on capitalism are troubling, not because capitalism is without its own flaws, but because any alternative is so much worse. Palm Coast, Florida – March 3, 2009 – The U.S. economy is in turmoil, perhaps the worst since the great depression. Some would argue since the Carter years. There is enough blame to […]
Market strength continues but is still limited to the under $200 thousand properties. Palm Coast, Florida – March 2, 2009 – The Palm Coast, Flagler real estate market continues to show signs of promise. The under $200 thousand segment remains the leader in the market adjustment. Sales are stable at 100 single-family homes sold in […]
Atlanta-based developer takes over Oconee Valley development once run by Ginn. Palm Coast, Florida – March 2, 2009 – GoToby.com has reported previously on the BriarRose, a unique country lifestyle planned community in Georgia’s Oconee Valley. Months after Lubert-Adler (Ginn-LA BriarRose Holdings Ltd., LLLP) turned over operation to an affiliate of Atlanta-based PM Communities (Patrick […]
Rumor: Ginn Company decides to outsource security to cut costs. Palm Coast, Florida – March 1, 2009 – Rumor: Two readers contacted me today to tell me that Ginn-LA (real estate developer Bobby Ginn and financial partner Lubert Adler) has decided to outsource its security division. One security employee at Reunion Resort was reportedly earning $11/hr. […]
While on camera, City Council members requested review of a new ordinance at a council workshop but the item has not surfaced since. Palm Coast, Florida – The following letter has been sent to the Palm Coast City Manager. Council members were copied. February 28, 2009 James Landon, City Manager City of Palm Coast […]
Textron move will probably inhibit developers’ and bankruptcy trustees’ efforts to unload underperforming golf assets. Palm Coast, Florida – February 27, 2009 – Textron Financial Corp. has long been a leader in the golf mortgage financing business. Citing "unprecedented and turbulent changes in the global financial markets, " the company announced that it will no […]
Capitalizing on the growing awareness of the GoToby.com brand, Realtor® Toby Tobin founds GoToby.com Realty Palm Coast, Florida – February 27, 2009 – GoToby.com announces it is extending its recognized brand to its "Referral Only" real estate and consulting business. GoToby.com Realty will focus on matching potential buyers and sellers with skilled and knowledgeable agents […]