Real Estate News – December 1, 2011




Iowa AG Expected to Press California AG to Join Foreclosure Settlement (via foxbusiness.com): http://fxn.ws/t53X7O


Some lenders resist foreclosure-prevention buybacks (via bostonglobe.com): http://b.globe.com/uaQXeI


Homeowners Association Won’t Allow Colored Holiday Lights (via myfoxphilly.com): http://bit.ly/urUbY8


A notary public who signed tens of thousands of false documents in a massive foreclosure scam before blowing the whistle on the scandal has been found dead in her Las Vegas home (via usnews.msnbc.com): http://on.msnbc.com/w3llNJ


Insurer Financial Guaranty Insurance Co. is suing several Ally Financial Inc. subsidiaries, accusing the government-owned lender of lying about the quality of mortgages it packaged into securities (via online.wsj.com): http://on.wsj.com/tFWE8U


Fannie Mae says it will suspend evictions for single-family foreclosures and two- to four-unit properties during the holiday season, from Dec. 19 through Jan. 2, 2012 (via REALTORMag): http://bit.ly/tySvCX


Massachusetts sued five major banks Thursday over deceptive foreclosure practices, such as the “robo-signing” of documents, potentially undermining negotiations over the same issue between lenders and state prosecutors across the nation (via USAToday.com): http://usat.ly/tXKx3n


Parking Lots Offer Safe Haven for Real-Estate Investors (via CNBC.com): http://bit.ly/tdDWsA


Federal agencies are taking aim at scams and con artists that promise to provide mortgage relief to struggling homeowners (via cbsnews.com): http://bit.ly/uZSvWN


 



 

Posted in Blog, Real Estate Law