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Real Estate Daily News
Your Source For Comprehensive Real Estate News
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July 22, 2009
United States


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Pay before Sept. 1, save money on Florida fees
Fees for driver’s licenses, and motor vehicle and boat registrations are doubling beginning Sept. 1, but there is still time to save money. Those with birthdays three months out can renew car and boat registrations in advance, as well as renew for up to two years at the current fee rate, as long as the registration comes before Sept. 1. For example, those with birthdays from August to November can renew through Aug. 31.
@ Bradenton Herald | Posted: 07/22/09 at 0201 EDST
State sues four South Florida foreclosure rescue companies
State regulators filed a lawsuit in Palm Beach Circuit Court Tuesday against four South Florida mortgage loan modification companies they say were collecting a total of up to $1 million in monthly fees, as the Attorney General's Office cracks down on the foreclosure rescue industry.
@ Ft. Lauderdale Sun Sentinel | Posted: 07/22/09 at 0315 EDST
Bad debt burdens Naples-based bank holding company
Bad debt is likely to keep Bank of Florida Corp. operating at a loss for the rest of 2009 before it begins to ease, Chief Executive Officer Michael McMullan said Tuesday. The Naples-based bank holding company reported a net loss of $6.5 million, or 51 cents per share, for the quarter ended June 30, compared to net income of $4,000, or less than a penny a share, for the same period a year ago.
@ Ft. Myers News Press | Posted: 07/22/09 at 0320 EDST
Staying Afloat Inland Florida
The coasts have always led Florida in business development because they've always led in population growth. There's something about water as far as the eye can see, and cooling sea breezes, that attract people. That doesn't mean there isn't something to be said for inland areas like Polk County, and Carl ''Bud'' Strang III and his business investments are proof.
@ Lakeland Ledger | Posted: 07/22/09 at 0330 EDST
How much are Illinois bank failures costing the FDIC?
For sheer dollars, that would be Worth-based Founders Bank, which had $962.5 million in loans and other assets when on July 2 it became the 12th Illinois bank to collapse this year. But a case could be made that a bigger fiasco was the June 5 failure of $214 million-asset Bank of Lincolnwood.
@ Chicago Tribune | Posted: 07/22/09 at 0345 EDST
FutureGen house sells for $750,000 in Matton, IL
The Theriault home with its 4.3 acres is the final sale processed through the assessor’s office on the 425-acre FutureGen site for a proposed power plant that would use advanced coal gasification and underground storage of greenhouse gases to produce a cleaner method for using coal throughout the world.

Editor's Comment: This is quite a read. An ultimate 'location', 'location' 'location' story
@ Mattoon and Charleston, Il Journal Gazette & Times Courier | Posted: 07/22/09 at 0400 EDST
Chicago Fed National Activity Index
Index shows economic activity improved in June

Editor's Comment: This is good read, with a unique approach
@ Chicago Federal Reserve Bank | Posted: 07/22/09 at 0415 EDST
Solar panel maker is out of this world
Solar panels in space. It sounds more like science fiction than a business, but one early stage company has raised money from investors to launch solar panels into space and use high-powered radio waves to beam back energy to earth.
@ Reuters | Posted: 07/22/09 at 0419 EDST
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International
Italy real estate to grow at end 2010
The Italian real estate market has stabilised but growth will have to wait until the end of 2010 at the earliest, the chief executive of Italy's Beni Stabili Aldo Mazzocco said on Tuesday.
@ Reuters | Posted: 07/22/09 at 0646 EDST
Ireland Leaves Door Open to More 2009 Bond Sales to Fund Budget
Ireland may consider selling more bonds than initially planned this year to help finance the 2010 budget deficit as investor sentiment toward the country improves, according to the nation’s debt agency. While the government has no “specific” plan, it may tap the markets if there is enough demand, said Oliver Whelan, the head of funding and debt management at the Dublin-based agency. Ireland has raised 22.7 billion euros ($32.2 billion), or 90 percent, of the 25 billion euros earmarked this year, he said.
@ Bloomberg News | Posted: 07/22/09 at 0652 EDST
UK businesses despondent about recovery
More than half of UK businesses do not see any improvement in their prospects for at least another 12 months. While about a quarter expect economic recovery by the third quarter of 2010, a fifth believe they are on course for a cash crisis this year, according to a new survey of board-level managers and financial controllers at large British companies.
@ Financial Times - UK | Posted: 07/22/09 at 0655 EDST
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