Lenders and landlords suffer from undue delays in service of legal notices. Extended time to evict or foreclose means lost revenue, increased exposure to property deterioration and more. Palm Coast, Florida – November 22, 2008 – I’ve been told that the Flagler County Sheriff’s Dept. is months behind in serving civil notices. The delay affects […]
Bed tax receipts are up 4.18% YTD over last year. Meanwhile, neighboring counties’ receipts are down. Palm Coast, Florida – November 20, 2008 – There’s more positive news for Flagler County. Flagler County Chamber of Commerce V.P. of Tourism Development, Peggy Heiser reports YTD Bed Tax receipts for the county are up 4.18% over last […]
Stalled on most fronts by a stagnant luxury real estate market, credit woes, and lawsuits, Bobby Ginn is still moving forward at Ginn sur Mer Palm Coast, Florida – November 19, 2008 – Sales offices are shut down at four of Bobby Ginn’s projects, as these properties are tied up by liens under a defaulted […]
The proposed 10% tax on commercial and solid waste haulers will raise costs for local business just when they most need a break. Palm Coast, Florida – November 18, 2008 – The Palm Coast City Council voted today to charge a 10% franchise fee (TAX) on commercial solid waste haulers. including C & D recyclers. […]
Foreclosures move into the luxury market, reduced prices will follow as lender-owned properties come onto the market. Palm Coast, Florida – November 17, 2008 – As reported in a recent Businessweek article and as predicted by GoToby.com, foreclosure activity is increasing at the high end of the local real estate market. Within the past month, […]
The Tesoro Club Advisory Council updates members. The communication addresses several issues affecting club members and property owners. Palm Coast, Florida – November 13, 2008 – Tesoro, a gated golfing community in Port St. Lucie, Florida is one of four Bobby Ginn properties encumbered by a $675 million mortgage with Credit Suisse. The debt has […]
A deal to settle Ginn’s debt with Credit Suisse is said to be done. Other Ginn rumors abound. Palm Coast, Florida – November 12, 2008 – After months of negotiations, two of Bobby Ginn’s affiliated companies are rumored to be close to settling a default on a $675 million credit facility with Credit Suisse Bank. […]
Offices will be closed Monday to facilitate the transition. Palm Coast, Florida – November 12, 2008 – If you have business at the Palm Coast City Hall, they’ll be greeting you at their brand new location beginning Tuesday, November 18th. City Hall offices will officially move to City Walk at 160 Cypress Point Parkway, Suite […]
But no bashing. Please read this. Palm Coast, Florida – November 11, 2008 – Over the past few weeks, I’ve had to remove a few reader comments which, after closer review, were inappropriate. GoToby.com walks a difficult line, attempting to report both negative and positive news in a fair and balanced way. This approach allows […]
Monthly payments may be cut to 38% of income for those who qualify. Palm Coast, Florida – November 11, 2008 – The Chairman of the Federal Housing Finance Agency (FHFA) announced today a program that may significantly reduce the number of future home foreclosures. I reproduce the entire announcement below for those who want all […]