Real Estate News – January 6, 2013




The leaders of the House Oversight Committee have asked federal regulators to postpone a multibillion mortgage settlement until the lawmakers can review the details (via thehill.com): http://bit.ly/WmSo5x


Federal regulators have sued JPMorgan Chase over the sale of mortgage securities that contributed to the collapse of three credit unions (via cbsnews.com): http://cbsn.ws/VJrtRT


Foreclosure and Short Sale Victims Find Saving Grace after Fiscal Cliff Drama (via sfgate.com): http://bit.ly/UXXuZI


A federal appeals court revived a lawsuit accusing the U.S. Department of Housing and Urban Development of setting up its reverse-mortgage program in a way that makes it more likely a surviving spouse will end up in foreclosure (via Bloomberg.com): http://bloom.bg/Wr3GWA


The 10 American Housing Markets That Made Tremendous Turnarounds In 2012 (via businessinsider.com): http://read.bi/TUnVgU


The number of homes in “shadow inventory” dropped from 2.6 million in October 2011 to 2.3 million in October 2012, according to a new report from CoreLogic (via REALTORMag): http://bit.ly/Ztky5F


Raleigh woman, HOA in stare-down over backyard staircase (via wral.com): http://bit.ly/10KTnn4


New Utah law exempts military from real-estate tax (via HeraldExtra.com): http://bit.ly/Xc2Gvr


It’s payback time—literally. In Florida, hundreds of homeowner and neighborhood associations are foreclosing on banks that have failed to upkeep their repossessed properties (via sandiegofreepress.org): http://bit.ly/U6GwKd


The US government is eyeing mortgage refinancing program expansion that will include borrowers whose mortgages aren’t backed by the government and who are liable to pay more than the worth of their homes (via allvoices.com): http://bit.ly/WTQX0E


 


 



 

Posted in Blog, Real Estate Law