Taking the covers off of the foreclosure process and revealing alternatives for homeowners in trouble. You may get to keep your home. December 26, 2007 – Palm Coast, FL – The news is full of talk about the rash of real estate foreclosures, especially because Florida ranks among the top states in the number of […]
Opportunity didn’t have to knock. The door was wide open. Loose controls and fractured oversight too hard for opportunists to ignore. December 21, 2007 – Palm Coast, FL – When lenders started securitizing mortgage loans and reselling them to investors, the mortgage industry quickly outgrew its ability to watch what was going on. With trillions […]
Amount forgiven in mortgage refinancing, foreclosure or short sale no longer taxable December 21, 2007 – Palm Coast, FL – Thursday, President Bush signed the Mortgage Relief Act, sponsored by U.S. Sen. George Voinovich, R-Ohio. The act, which expires in 2009, changes the way forgiven debt resulting from a mortgage foreclosure or refinancing is treated […]
Both site plan and preliminary plat brought before Flagler County Technical Review Committee. December 19, 2007 – Palm Coast, FL – The Harbor View PUD Agreement was approved by the Board of County Commissioners in July 2006. Now, seventeen months later, the owners of the property, Great Star Investors VIII, have taken the next step […]
Sharp drop in revenues from impact fees brings into question the underlying logic used to justify the fees in the first place. December 18, 2007 – Palm Coast, FL – Impact fees, inspection fees, administrative fees, and utility connection fees now account for about $18,665 of the cost of a new Palm Coast home, regardless of […]
Time marches on but the real estate market remains stuck December 16, 2007 – Palm Coast, FL – If you were looking for any significant changes in the Palm Coast, Flagler County real estate market to surface during November, prepare yourself to be disappointed. But if you’re patient enough to watch paint dry, sit back […]
Program aimed at those most hurt by subprime mortgage market – low and moderate income home buyers. December 15, 2007 – Palm Coast, FL – The Senate yesterday agreed in committee to extend the FHA program that allows government insured, low down payment, low interest loans to minority and moderate-income home buyers. The move could […]
If plans are approved, Ginn will sell the property to a development group headed by Gary Player. December 13, 2007 – Palm Coast, FL – The Ginn Company has submitted plans to the City of Charleston, SC for an upscale development on 975 pristine acres along the Stono River on James Island. The plan calls […]
You can fool some of the people all of the time and that’s enough to pass a bad constitutional amendment. December 11, 2007 – Palm Coast, FL – The Florida Hometown Democracy Amendment is a proposal to take responsibility for planning away from local planners and elected officials and require voters to decide on every comprehensive […]
WCI reports losses and uncertainty of continuing credit facilities December 10, 2007 – Palm Coast, FL – Hammock Dunes condominium developer, WCI Communities, was named America’s Best Builder in 2004 by both the National Association of Home Builders and Builder Magazine. Heavily dependent on the tower condo market, WCI is at a critical juncture. WCI, […]