You don’t make money selling real estate. You make money buying it. January 2, 2008 – Palm Coast – Sages have often said that the profit from a sale is made in the beginning, when you buy. Those who buy right make profits. Those that don’t, don’t. This adage seems to be proven again. Masterpiece […]
Not a good year for the local real estate business – top stories summarized. December 29, 2007 – Palm Coast, FL – The biggest story of 2007 was the overall collapse of the local residential real estate market and the economic stagnation brought on by the decline in construction. There was a surge in new […]
City invites SeaGate to mediation conference but remains intransigent in its position. December 28, 2007 – Palm Coast, FL – A City of Palm Coast zoning action seems headed to trial. Back in March of this year, in a story which I followed closely (read related stories), the City of Palm Coast denied local developer, […]
Rumored change in contractor defers scheduled opening. December 27, 2007 – Palm Coast, FL – A rumor that has been circulating for about a week seems to be confirmed in a posting yesterday to local blog site PalmCoast.biz. It includes an email response from Target in response to an inquiry by the poster. It states, […]
Financially troubled WCI is rumored to have sold off its luxury Tuscany Reserve near Naples, FL. December 26, 2007 – Palm Coast, FL – Financially troubled WCI, the builder of Hammock Dunes’ tower condominiums, is rumored to have struck a deal to sell off its showcase Tuscany Reserve community near Naples, FL to another developer for […]
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 […]