Entries by Toby Tobin

10 Companies, 15 Individuals Sued for Mortgage Fraud in Central Florida

A criminal investigation is underway and future arrests are possible in the case involving $37 million in mortgage loans and 60 home purchases. Palm Coast, Florida – September 24, 2008 – Last Thursday, Attorney General Bill McCollum announced that his office has sued ten companies and fifteen individuals for their alleged roles in a significant […]

Who’s to Blame for Fannie and Freddie Collapse

Bloombert.com columnist Kevin Hassett thinks it’s the Democrats. Palm Coast, Florida – September 23, 2008 – Today’s financial crisis is the most serious the country has experienced since the depression. Bloomberg.com columnist Kevin Hassett doesn’t think it had to happen. He points to a single event that set events in motion which led to the […]

Ginn Company May Outsource Hammock Beach Sales Duties

Bobby Ginn is rumored to be talking to outside sales agencies about taking over his Palm Coast area sales activities. Palm Coast, Florida – September 20, 2008 – From the rumor mill: The Ginn Company faces problems on many fronts. Fighting credit issues and a cash flow crunch, Bobby Ginn is looking for ways to cut […]

Cinnamon Beach Condo Tax Assessments Adjusted Downward

Rental property manager leads successful tax assessment appeal. Palm Coast, Florida – September 19, 2008 – The Cinnamon Beach Condominium Association Board, headed by Hugh Peters, had voted to not appeal the condominiums’ 2008 assessed values. Since some assessments were high and others low, the board could not act on behalf of all owners. In […]

City Keeps Transportation Impact Fee in Check

Indexing would have raised cost of a new home in Palm Coast by $480 Palm Coast, Florida – September 18, 2008 – A 2004 City of Palm Coast, Florida ordinance adopted a transportation impact fee study and established transportation impact fees. It also provided for the annual adjustment of the transportation impact fees in accordance […]

Ginn Company Faces another Lawsuit

Already facing lawsuits, cash flow problems, and a credit facility default, the GINNdom faces another threat. Palm Coast, Florida – September 17, 2008 – According to a statement released by one of the plaintiffs, a lawsuit was filed last Friday, September 12th, against Ginn Development and several of its subsidiaries by 17 owners of lots purchased from […]

Palm Coast Approves Project Continental Incentive Package Unanimously

No egos – just teamwork. Enterprise Flagler, Enterprise Florida, State of Florida, City of Palm Coast, Chamber of Commerce, and key community leaders pulled together to turn lemons into lemonade. Palm Coast, Florida – September 16, 2008 – Those who’ve read GoToby.com for any length of time know my position on our area’s critical need […]