Real Estate News – January 2, 2012

Rhode Island State Police Arrest Two Brothers for $2.28 Million Mortgage Fraud (via

The U.S. Department of Justice is suing Santa Rosa City Hall and a local condo board for their efforts to prevent the developer of a senior housing project from renting to non-seniors (via

Foreclosed properties being used to scam renters (via

Florida Attorney General Pam Bondi wants the Supreme Court to weigh in on her failed bids to investigate foreclosure law firms, saying unlawful practices have put homeowners “at considerable risk” (via

A Lakeway, Texas man who has been accused of fraudulent business dealings at least twice has agreed to plead guilty in a new investigation involving allegations that he was paid to fraudulently delay foreclosures on behalf of distressed property owners, according to court documents (via

Flippers, the real estate investors who buy homes on the cheap and quickly resell them at a profit, just got a reprieve from the Federal Housing Administration (via