Palm Coast Manager Jim Landon told opponents of the Sawgrass Villas project that the city might entice the bank that owns the land to open a branch on SR100, buying city land and enabling the city to buy the Matanzas Woods property.
Real Estate & Development
Foreclosure Tale: When Renters, Despite Protections, Are Intimidated Into Leaving
Palm Coast’s Genis family–mother, father, six children–was duly paying rent on its Smith Trail home when it was sold by the court and the family was given 10 days to clear out, even though it never saw an eviction notice.
Existing Home Sales Just Under 5 Million, 11.3% Better Than Last September
Existing-home sales were down in September on the heels of a strong gain in August, but remain well above a year ago, according to the National Association of Realtors.
A Florida Bank’s Rise and Fall Spotlights Fast-and-Loose Culture Plaguing the Economy
The rise and fall of U.S. Century, whose leaders used it as their own corporate ATM, exemplifies the failure to regulate banking during the boom years and the slipshod approach to the bailout. Losers are taxpayers and Florida residents grappling with ill effects of sprawl.
UF Survey: Political Acrimony and Economic Ills Hurt Real Estate’s Outlook in Florida
The University of Florida’s quarterly Survey of Emerging Market Conditions concludes that economic and political worries are holding back spending, except by foreigners. Tourism is the state’s strongest bright sport.
From Federally Owned Foreclosed Homes To Rental Properties: Can It Work?
Government-owned foreclosures as rental property investments: The government is looking for win-win solutions for taxpayers, renters, investors and neighborhoods, but there’s plenty of skepticism about the foreclosure-to-rental concept.
Condo No-Go: Florida Cabinet Sides With Flagler County Over Hammock Dunes
In a victory for Flagler County, the Florida Cabinet unanimously approved a judge’s order that blocks Ginn-Lubert Adler’s plan to build an oceanfront condominium and hotel at Hammock Dunes, near the 16th Road public park and beach.
Hammock Dunes Showdown: Flagler and Developer Battle Before Florida Cabinet
Ginn-Lubert Adler and investors want to build a 77-foot hotel and significantly increase the residential density in an area adjoining the public beach by 16th Rd. in the Hammock. Flagler County is opposed. The two sides are arguing their case before the Florida Cabinet today.
GMAC Mortgage Machination: Don’t Have Document to Foreclose? Make It Up
When GMAC, one of the nation’s largest mortgage servicers, sought to foreclose on a homeowner last year and lacked a crucial document, the company just made one up, pointing to a pattern of deceptive filings to foreclose on homeowners.
Attorney General Bondi’s Motive Questioned in Firing of Mortgage Fraud Investigators
Florida Attorney General Pam Bondi fired two assistant attorneys general who were heavily involved in investigating alleged mortgage fraud, including focusing on one firm that had contributed to Bondi’s campaign. Bondi says they had “shortcomings.”