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Misleading real estate articles – Panama City, FL

Thumbnail image for Misleading real estate articles – Panama City, FL February 13, 2010

Misleading real estate articles
Over the past 90 days or so I have seen numerous news sources report that real estate sales are up. In fact, I saw one today reported by the Florida Association of Realtors. The article reported
“Feb. 11, 2010 – Sales of existing single-family homes in Florida rose 44 percent in fourth [...]

Bomb goes off in Panama City.

Thumbnail image for Bomb goes off in Panama City. January 27, 2010

A real estate bomb went off today in Panama City when The St Joe Company signed deal with CB Richard Ellis. I just learned that The St. Joe Company signed a marketing deal with CBRE to market 1000 acres near the new international airport. CBRE is the largest commercial real estate company in the US [...]

Fannie Mae Renting Foreclosures

Thumbnail image for Fannie Mae Renting Foreclosures January 13, 2010

Renters in foreclosed property held by Fannie Mae can stay.

Fannie May just announced today that qualified renters in foreclosed real estate held by Fannie Mae would have the option of a month-to month lease. During the same time the real estate would be marketed for sale thru a local real estate agent. No deposit [...]

Foreclosure Deals Hard to Find

December 20, 2009

Desperate sellers, huge discounts, substantial inventories and the promise of a profit better than Wall Street can deliver brought droves of investors back to the residential real estate markets over the past two years, buying up foreclosures that most homeowners wouldn’t touch. Those heady days may be ending in many markets if the home buyer [...]

FDIC takeover of People’s First Bank

Thumbnail image for FDIC takeover of People’s First Bank December 20, 2009

December 18, 2009 FDIC took over all 29 branches of People’s First Bank. The bank has been under review for more than a year when its capital fell below federal guidelines. The FDIC estimates the failure of Peoples First Bank will cost the deposit insurance fund  $556.7 million
Peoples First Bank lost more than $135 million [...]

Southwest as direct flights to boost hubs, Panhandle

December 16, 2009

Southwest Airlines’ decision to fly from Bay County directly to Houston, Nashville, Orlando and Baltimore-Washington International means more tourism, more business and more economic growth, city leaders say.

Foreclosures fall in November

December 12, 2009

Foreclosure rates fell in Bay County for the first time since August, according to Metro Market Trends, a data research and analysis company.

Green cards draw foreign investors to Florida

September 1, 2009

Interest among foreign nationals in investing in South Florida’s distressed real estate market is being intensified by opportunities to become a U.S. resident.
BY MONICA HATCHER

mhatcher@MiamiHerald.com
As wealthy foreign nationals increasingly flock to South Florida to buy distressed real estate, some are seeking an added return on their investment: a green card.
Local immigration attorneys say a growing [...]

Panama City International Airport

July 5, 2009

Video taken from a helicopter over new Panama City International Airport.

Panama City Beach Condo Resorts on Lender Blacklist.

June 24, 2009

Before you spend endless hours searching for a Panama City Beach condos online, contact a knowledgeable real estate agent to find out which properties are eligible for what financing. A large number of condos in Panama City Beach are considered condotels. They do not qualify for conventional financing so the interest rate will be 1% [...]

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