Real Estate Developers File $750 Million Claim against BP Oil

Feb 24, 2013 Full story: WebWire 7

As the Panama City Beach International Airport neared completion in the spring of 2010, dozens of real estate developers were ready to reap the rewards of years of planning in preparation for the biggest real estate boom in Florida.

Full Story
Good ole boy

Macon, GA

#5 Feb 24, 2013
Harbin Tar ballin.
ThomasA

Birmingham, AL

#8 Feb 25, 2013
Are they going to try to go for a class action and blame BP for the crash in the real estate market nationwide? There are subdivisions and industrial projects all over this country stubbed in and waiting on buyers. Put the blame where the blame lies: Greedy real estate developers who play big games with borrowed money using phantom companies,corporations,and LLCs to hide their personal wealth. Banks should restrict loans to no more than a real estate group can cover with a PERSONAL credit guarantee on PAID for secure collateral. That way,the mansions,yachts ,airplanes,cars,RVs,vacation homes,and other property holdings would be at risk right along with the banks. Also are they going to blame BP for the outrageous insurance rates and everincreasing taxes that have turned buyers away?

Since: Jan 13

Location hidden

#9 Mar 6, 2013
ThomasA wrote:
Are they going to try to go for a class action and blame BP for the crash in the real estate market nationwide? There are subdivisions and industrial projects all over this country stubbed in and waiting on buyers. Put the blame where the blame lies: Greedy real estate developers who play big games with borrowed money using phantom companies,corporations,and LLCs to hide their personal wealth. Banks should restrict loans to no more than a real estate group can cover with a PERSONAL credit guarantee on PAID for secure collateral. That way,the mansions,yachts ,airplanes,cars,RVs,vacation homes,and other property holdings would be at risk right along with the banks. Also are they going to blame BP for the outrageous insurance rates and everincreasing taxes that have turned buyers away?
So true and well said!
We have become a nation of finger pointing when bad business and pure greed results in the demise of our industries in this country. We are in a new era of ecconomics and we are ill prepaired for the changes that come with global financial wows because we have a bad habit of not really caring until if effects us directly! I'm guilty of this and have put more time into reading the true state of our economy and our leading industies and to put it mildly we are up crap creek without a paddle!
Maybe BP could pay our dept off too!
Now You Know

Williston, FL

#10 Mar 6, 2013
Crooks taking money from crooks.
LORAC

Richmond, IN

#11 Mar 6, 2013
ThomasA wrote:
Are they going to try to go for a class action and blame BP for the crash in the real estate market nationwide? There are subdivisions and industrial projects all over this country stubbed in and waiting on buyers. Put the blame where the blame lies: Greedy real estate developers who play big games with borrowed money using phantom companies,corporations,and LLCs to hide their personal wealth. Banks should restrict loans to no more than a real estate group can cover with a PERSONAL credit guarantee on PAID for secure collateral. That way,the mansions,yachts ,airplanes,cars,RVs,vacation homes,and other property holdings would be at risk right along with the banks. Also are they going to blame BP for the outrageous insurance rates and everincreasing taxes that have turned buyers away?
They backdate the ALTA policies this then makes the buyer the seller. Usually three loans and several insurance policies behind the scenes or on side 2 of a record side 1 shows one thing and then side 2 the insurance side they take ur identity and then build you a reputation. They do this with the voting and its in the software they use it does not show up or no one has paid attention but it is (cross parties) or ** or / or basic hash marks and the vendors have allowed the crooks in through robotexts pretty obvious it is in the court records electronically nationwide World Wide.They do propaganda to blame the Government but it is obvious they have intentionally set into place a system in the World Wide Web that is traceable. Been there and you are so right)
ThomasA

Birmingham, AL

#12 Mar 16, 2013
LORAC wrote:
<quoted text>
They backdate the ALTA policies this then makes the buyer the seller. Usually three loans and several insurance policies behind the scenes or on side 2 of a record side 1 shows one thing and then side 2 the insurance side they take ur identity and then build you a reputation. They do this with the voting and its in the software they use it does not show up or no one has paid attention but it is (cross parties) or ** or / or basic hash marks and the vendors have allowed the crooks in through robotexts pretty obvious it is in the court records electronically nationwide World Wide.They do propaganda to blame the Government but it is obvious they have intentionally set into place a system in the World Wide Web that is traceable. Been there and you are so right)
Demand paid-for collaterial equal to amount loaned. Plain and simple!
barbara

Carrollton, GA

#13 Apr 18, 2013
why don't you sue the EAL REASON??? the governments fannie mae, feddie mac and Obama?

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Santa Rosa Beach Discussions

Title Updated Last By Comments
Debate: Gay Marriage - Santa Rosa Beach, FL (Jan '12) Mon Gisaelle Hafer 2
Man takes Porsche for 2,200 mile test drive Sat Alabama red 1
Texas Country Bar Oct 17 Neon Moon 1
Sarah's Rentals... STAY AWAY!!! (May '12) Oct 17 panama 5
local swingers (Sep '12) Oct 13 robert 52
service dogs on the beach Oct 10 mooreworld 11
Hells Angels in Fort Walton (Jan '13) Oct 7 Streetrunner 16

Santa Rosa Beach Jobs

Santa Rosa Beach People Search

Addresses and phone numbers for FREE

Santa Rosa Beach News, Events & Info

Click for news, events and info in Santa Rosa Beach

Personal Finance

Mortgages [ See current mortgage rates ]