Real Estate News – June 24, 2012



U.S. banks including JPMorgan Chase & Co. and Citigroup Inc. will pay as much as $125,000 plus equity to individual customers most harmed by mishandled foreclosures in 2009 and 2010, according to a remediation plan released by federal regulators (via SFGate.com): http://ow.ly/bMSJt


Massachusetts’s highest court ruled that a foreclosure sale in the state can be valid even when the entity foreclosing on the home doesn’t hold the mortgage note (via SFGate.com): http://ow.ly/bMSMl


Wells Fargo’s mushrooming mortgage risk (via articles.chicagotribune.com): http://ow.ly/bMSQR


A move to disbar a lawyer who achieved national notoriety for advising clients to break into and reoccupy their foreclosed homes will go before the California Supreme Court after the State Bar of California recommended disbarment (via mercurynews.com): http://ow.ly/bMT02


New “DIY Management” Helps Homeowners Associations Thrive In Down Economy (via MarketWatch.com): http://ow.ly/bMTbp


Splitting Up Ownership to Ride Out a Rough Spot (via nytimes.com): http://ow.ly/bMTfL


The evidence is growing: Mortgage-debt forgiveness is good for borrowers and lenders alike (via Bloomberg.com): http://ow.ly/bMTkM


Tax relief provided for foreclosures and short sales set to expire (via BaltimoreSun.com): http://ow.ly/bMTnZ


 



 

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