Real Estate News – July 9-11, 2011
No, I’m not slacking on keeping you all apprised of the latest and greatest from the real estate world; let’s just say it’s never a good idea to agree to wait until the last minute to write continuing education materials as it tends to put other projects (such as your blog) on hold; on a positive note, arriving soon on the Presentations page will be more information on insurance clauses in commercial leases and ground leases.
Now, with that out of the way, here’s all the real estate news that’s fit to print from the last three days:
Wisconsin homeowners who are at risk of foreclosure have two more weeks to apply for assistance through a federal program (via BusinessWeek.com): http://buswk.co/nt5rpq
Hold On! Former Wilson Phillips singer Carnie Wilson hoping to fight off foreclosure on her Hollywood home (via dailymail.co.uk): http://bit.ly/nueoy2
A Citigroup Inc. unit was sued by an Iraq War veteran who claims the lender illegally foreclosed on his home while he was on active military duty (via Bloomberg.com): http://bloom.bg/rhYhQC
Real estate investors will outnumber traditional borrowers 3 to 1 during the next two years, a new survey says, helping clear millions of repossessed properties from banks’ books and pave the way for a recovery (via latimes.com): http://lat.ms/oEJc4Q
Federal prosecutors unsealed a 10-count indictment Friday charging six Metro Detroit residents with a scam to funnel profits from fraudulent mortgages into a marijuana ring (via detnews.com): http://bit.ly/oo7rZD