Real Estate News – May 11, 2012






Wilber is a one-and-a-half-year-old Vietnamese pot-bellied pig who was being evicted by a Houston Texas Home Owner Association (HOA) known as the Cypresswood Community Improvement Association.  Wilber lives with the Sardo family and they were informed in a letter on April 6, 2011 that their Association wanted Wilber removed from their home and threatened to file a lawsuit.  The reasoning behind the letter was that pot-bellied pigs are livestock and are not “common” or “traditional” pets and are therefore forbidden by Association rules (via allpetnews.com):
http://bit.ly/KcYO6i


Why home inspections have become more important (via washingtonpost.com): http://wapo.st/JgKWbW


Florida Supreme Court is set to hear oral arguments Thursday in a lawsuit that could undo hundreds of thousands of foreclosures and open up banks to severe financial liabilities in the state where they face the bulk of their foreclosure-fraud litigation (via ChicagoTribune.com): http://trib.in/JjcjNk


Builders have struggled to compete with distressed homes that sell at big discounts, so one major home builder has found a way it also can cash in on the discounts. For the past year, Beazer Homes USA has been buying up distressed homes and turning them into rentals, hoping that one day these renters will become home buyers (via REALTORMag): http://bit.ly/IGRaNJ


Judge rules HOA can rent out investor’s home (via abcactionnews.com): http://bit.ly/JEeOgm


Foreclosed homes are increasingly being purchased or rented by those who are turning the homes into sites of illegal activity: Indoor marijuana farms (via REALTORMag): http://bit.ly/Jm6FKk



 

Posted in Blog, Real Estate Law