Real Estate News – February 8, 2012

New York Attorney General Eric Schneiderman has filed a lawsuit against the Mortgage Electronic Registration Systems and three big banks, alleging errors in the handling of foreclosures (via REALTORMag):

About 11 / 2 years after pervasive problems with lax foreclosure practices came to light, state attorneys general may be close to a settlement with big banks. With a deadline looming for reaching a deal, here’s a summary of who’s involved and what’s happened so far (via

At least 8 more years in prison for NY mortgage scammer who then planned to get witness killed (via

The family of an elderly woman fatally mauled by an 8-foot alligator as she searched for her daughter’s dog told the state’s high court Monday that the neighborhood homeowners association should have removed the reptiles from the area (via

Infamous Texas Squatter Finally Gets Evicted (via REALTORMag):

The cost of renovations to a century-old home that has been in the family for three generations brought a Wisconsin woman perilously close to eviction, until her 12-year-old grandson stepped in (via

How ‘Shadow Inventory’ Is Killing the Housing Market (via

An Omaha Mom who battled a homeowners association over a basketball hoop has won a slam dunk victory in court (via