When sellers get desperate, fraudsters find a target rich environment. January 22, 2007 – Stories are surfacing about a mortgage fraud boom, not just in Florida but in all states. Mortgage fraud occurs when somebody lies or misrepresents a fact on a statement that a lender uses to make a loan. Banks and mortgage lenders […]
Impact fees, inspection fees, administrative fees, and utility connection fees account for about $17,000 of the cost of a new Palm Coast home, regardless of its size or value. January 17, 2007 – Impact fees, inspection fees, administrative fees, and utility connection fees account for about $17,000 of the cost of a new Palm […]
The Flagler County real estate market is going through some changes. LandMar may be doing the same. The Flagler County real estate market is going through some adjustments from the run-up over the past three years. Many developers grabbed land in anticipation of future needs, based on the expectations of the times. Now that things […]
Now tell me daytime is brighter than nighttime because of the sun. January 9, 2007 – An otherwise good article in yesterday’s Wall Street Journal was headed “Speculators Helped Fuel Florida’s Housing Boom.” Well golly gee. I’ll bet there were still a few dozen people out there who didn’t know that. Unfortunately they still don’t […]
Press release clarifies current purchase – does not mention future purchases January 5, 2007 – Another update in the developing Ginn – Centex story. Ginn Resorts and Centex Destination Properties issued a joint press release (reproduced in it’s entirety below) to clarify the present status. The release makes it clear that Ginn purchased only the […]
Looks like the bottom is near. Next year should be level with an upturn at year end. January 3, 2007 – Years 2003 through 2005 were notable for their double digit run-up in real estate prices in the Palm Coast, Flagler County, Florida market. Everyone wanted to get on the band wagon. Otherwise normal, level […]
Deal reduced to only a few Flagler County, Florida properties December 28, 2006 – The much talked about deal between Centex Destination Properties and the Ginn Company has unraveled, at least for now. Ginn backed away from everything but the Ocean Hammock Golf Course and the adjacent Lodge, both located along the Atlantic shoreline in […]
Allete subsidiary, Palm Coast Holdings parent company reaches milestone in Ormond Crossings development DULUTH, Minn.–(BUSINESS WIRE)–ALLETE Properties’ Ormond Crossings project has received a Development Order from the City of Ormond Beach, Fla., which gives the subsidiary of ALLETE, Inc. (NYSE:ALE) a key approval necessary to develop up to 3,700 residential units and 5 million commercial […]
No longer a rumor, Target is building a SuperTarget in the Town Center at Palm Coast December 20, 2006 – One of Palm Coast and Flagler County’s favorite rumors has moved out of the rumor category. Target Stores will build on a parcel along SR 100, west of the high school and east of Walgreen’s, part […]
December 19, 2006 – Update – The Ginn Company’s purchase of the Centex Destination Properties (CDP) assets continues to be a story of interest, not only in Palm Coast, Flagler County, but anywhere eit December 19, 2006 – Update – The Ginn Company’s purchase of the Centex Destination Properties (CDP) assets continues to be a […]