Real Estate News – February 5, 2012

The tightened lending standards are keeping a lot of young professionals on the sidelines in home buying today. That’s where more parents are stepping in (via REALTORMag): http://bit.ly/xC2bzQ

The USDA is launching the Single Family Housing Guaranteed Rural Refinance Pilot Program, which is designed to help rural home owners refinance their mortgages in order to reduce monthly payments (via REALTORMag): http://bit.ly/zCSBJt

A New Alternative For Real Estate Investors (via Forbes.com): http://onforb.es/ApSSNi

Bill being considered by Florida Legislature would eliminate HOA unit owner rights (via blogs-sunsentinel.org): http://sunsent.nl/wVMj91

Five mortgage insurers have granted Fannie Mae mortgage servicers the authority to complete a short sale or deeds in lieu of foreclosure without getting their separate approval (via REALTORMag): http://bit.ly/AhXPDM

Goldman Sachs Group Inc was ordered by a federal judge to face a securities class-action lawsuit accusing it of defrauding investors about a 2006 offering of securities backed by risky mortgage loans from a now-defunct lender (via BaltimoreSun.com): http://bsun.md/Ao5N9Q

A Palm Beach husband and wife are suing their own homeowners association, claiming that their disabled son does not have adequate access to the beach directly in front of the family’s home. The family has hired an attorney and an architect and also spent thousands of dollars to better access to the shoreline (via wptv.com): http://bit.ly/w3QgIB