Real Estate News – August 7-8, 2011



A property owned by former Major League Baseball pitcher John Smoltz will be going up for auction towards the end of the month due to foreclosure (via huliq.com): http://bit.ly/pcYWgf


“Foreclosure Factory” Draws Critics (via consumerist.com): http://bit.ly/qi60nW


Encouraging investors to buy foreclosed homes in bulk would help shrink the U.S. housing surplus, stabilize property prices and provide affordable rentals, Morgan Stanley (MS) housing analysts said in a report today (via Bloomberg.com): http://bloom.bg/ny1lqX


An indictment charging a Weston real estate developer and entrepreneur with defrauding numerous individuals through the use of fraudulent bank documents was unsealed today in federal court (via LoanSafe.org): http://bit.ly/nmTR7y


Standard & Poor’s lowered credit ratings on debt issued by U.S.-backed lenders including mortgage giants Fannie Mae and Freddie Mac, citing its own Aug. 5 downgrade of the federal government’s AAA status (via Bloomberg.com): http://bloom.bg/nxTXEu



 

Posted in Blog, Real Estate Law