Real Estate News – August 30, 2011



The Department of Housing and Urban Development has once again extended its deadline for a program that provides up to $50,000 in interest-free loans to unemployed or medically ill home owners who are struggling to make their mortgage payments (via REALTORMag): http://bit.ly/r6JdxH

Banks facing high inventories of REOs are turning to financial incentives in the hopes of accelerating sales of these often vacant, deteriorating properties (via REALTORMag): http://bit.ly/nNdaaO


Homeowner facing foreclosure refuses bank’s offer (via sacbee.com): http://bit.ly/r8nexA


A Las Vegas political consultant pleaded guilty Tuesday in federal court to taking part in a scheme to control condominium homeowners associations and steer business to favored companies in southern Nevada (via chron.com): http://bit.ly/rqAQit


A Spring family fighting with their homeowner’s association to keep their pet pig has now filed a lawsuit against the association (via yourhoustonnews.com): http://bit.ly/q1FoV0