Real Estate News – December 30, 2011

New homeowner association laws in Texas designed to curb abuses (via

KUSI’s Michael Turko got the call when a homeowners association decided to go to war over a new set of front doors. Turko says the HOA claims the doors are inconsistent with the character of the neighborhood, and must be removed (via

Home Owners Try Delay Tactics to Stall Foreclosures (via REALTORMag):

A U.S. appeals court agreed to resolve a dispute among institutional investors over whether Bank of America Corp’s $8.5 billion mortgage debt settlement should be sent back to a New York state court for approval (via

The Federal Housing Finance Agency (FHFA) received more than 400 proposals on how it should handle the high number of foreclosures that are plaguing many markets across the country. The proposals suggest various ideas on how the FHFA can go about turning thousands of repossessed homes that Fannie Mae and Freddie Mac own into rentals, in trying to curb losses, stabilize neighborhoods, and prevent further drops to housing values (via REALTORMag):

On the heels of a landmark $335 million fair-lending settlement with Countywide, the Justice Department is trying to find more than 200,000 alleged victims so they can be fairly compensated (via REALTORMag):

Mortgage scammer gets 5 years behind bars (via



Posted in Blog, Real Estate Law