Real Estate News – March 4, 2011

Two international accounting authorities appear to be moving to scale down proposed new standards that would require landlords and tenants to account for real estate and equipment leases as assets or liabilities on their balance sheets (via costar.com): http://bit.ly/ftIO9a

Republicans in the House Financial Services Committee voted Thursday to end two foreclosure programs that they argue haven’t done enough to help struggling home owners (via REALTORMag): http://bit.ly/g0kMD7

Real Estate Rip-Off Leaves Man Without $3,500, Property (via KERO23 – Bakersfield, CA): http://bit.ly/ePX5PK

State attorneys general and federal agencies submitted to banks a proposal for settling a probe into foreclosure practices and mortgage servicing while continuing to talk about monetary penalties they will seek (via Bloomberg.com): http://bloom.bg/g2EjWz

A Statistical Look at Distress Levels: More Than a Hundred Thousand Properties and Hundreds of Billion in Loans (via costar.com): http://bit.ly/fCpwZw