Real Estate News – June 25-27, 2011



Four years into the foreclosure crisis, banks say they’ve made major improvements in how they handle struggling homeowners. They’ve promised, for example, not to foreclose on homeowners who are being considered for mortgage modifications. But that’s still happening (via ProPublica.org): http://bit.ly/mGIhmn


As overgrown yellow lawns and unlit windows dot vast suburban neighborhoods in Nevada, legislators hope new laws they passed this session will make a dent in a foreclosure crisis that is still hitting this desert state the hardest (via BusinessWeek.com): http://buswk.co/lckVFQ


Keller Rohrback L.L.P. Announces Class Action Complaint Filed Against SunTrust Mortgage, Inc. and Ongoing Investigation of Mortgage Modifications (via MarketWatch.com): http://bit.ly/ksdpJg


It’s a story that’s getting national attention and inciting a range of emotions. The Homes for Our Troops organization is trying to build a home for a wounded warrior but has hit a construction roadblock with the Knob Hill Property Owners Association (via wrdw.com): http://bit.ly/lGVMEz


A federal judge on Friday gave preliminary approval to a proposed $2.4 million settlement in an antitrust case an Allegheny County man filed against a real estate listing service (via pittsburghlive.com): http://bit.ly/l0KUXC


Real estate investors beat the banks to profit on foreclosures (via TampaBay.com): http://bit.ly/llAeE4


The Washington County Library and the Washington County Housing and Redevelopment Authority are offering free foreclosure counseling and information workshops every Thursday in July to provide advice from trained foreclosure-prevention counselors (via StarTribune.com): http://bit.ly/kQo7aa


Rampant Bank Fraud and Wrongful Foreclosures Extend to the Commercial Real Estate Market (via PRWeb.com): http://bit.ly/l00XKM


 



 

Posted in Blog, Real Estate Law