Personal tragedies aside, foreclosures are expensive for lenders. Keeping the loan alive helps keep the community alive. Palm Coast, Florida – January 8, 2009 – I get calls on a daily basis from people who never thought they would face possible foreclosure. Only recently has the concept of "walking away from a loan" entered their […]
Levitt and Sons is under Chapter 11 Bankruptcy (since November 2007). Palm Coast, Florida – January 7, 2009 – Public records show a 12/31/2008 foreclosure filing by Bank of America against Levitt and Sons. The filing covers 4 parcels totaling 334 acres fronting Seminole Woods Pkwy near US 1, south of the Flagler County Airport […]
What did the typical Florida homebuyer look like in 2008? The answer lies within the pages of the 2008 Profile of Home Buyers and Sellers Florida Report. ORLANDO, Fla. – Jan. 6, 2009 – What did the typical Florida homebuyer look like in 2008? The answer lies within the pages of the 2008 Profile of […]
Sea Ray Plants in Tennessee and Florida will furlough workers one week per month through June but some production from a closed Tenn. plant will move to Palm Coast. Palm Coat, Florida – January 6, 2009 – Brunswick Marine, parent of Sea Ray, announced additional moves today to reduce production. A Sea Ray manufacturing plant […]
Another year has passed. As far as the real estate market is concerned, it didn’t pass quietly in Palm Coast, Florida. Palm Coast, Florida – January 2, 2009 – Happy New Year to all my readers. It’s time to review 2008 news affecting the real estate market in Palm Coast and Flagler County, Florida. I’ll […]
As a result of the Ginn restructuring agreement with Credit Suisse, Reynolds Signature Communities acquires Laurelmor, planning a re-launch of the Blue Ridge Mountain community in the 2nd half of ’09 Palm Coast, Florida – December 30, 2008 – As predicted in recent GoToby.com news stories, Ginn Company’s Laurelmor community near Boone, N.C. has been […]
Tesoro and Quail West will be operated by a court appointed trustee until sold. Laurelmor is being sold. The Ginn sur Mer project will move forward as a joint venture. Palm Coast, Florida – December 29, 2008 – Various entities of the Ginn Company have reached an agreement resolving the June ’08 default of a […]
Regrettable but not unexpected – two years into a five-year contract, the 2009 PGA Tour schedule does not include the Ginn sur Mer Classic. Palm Coast, Florida – December 24, 2008 – Palm Coast, in Flagler County, Florida hosted two PGA events in 2008, an incredible feat for an area of fewer than 100,000 residents. […]
Tesoro and Quail West are affected by yesterday’s filings. The filings do not include the Quail West golf course and clubhouse. Palm Coast, Florida – December 24, 2008 – If you have bad news, its best to put it out on a slow news day. On Christmas Eve day, employees and members of two Florida Ginn […]
Laughter really is the best medicine. Palm Coast, Florida – December 23, 2008 – Humor is one of the most potent antidotes for depression and anxiety. For all of us who have taken a hit in the recent housing and/or financial markets, I share a clever video sent to me by a friend. I hope […]