Real Estate News – May 18, 2011

Several federal lawmakers are pushing Congress to launch an investigation into the Department of Housing and Urban Development’s HOME affordable housing program, a home construction program aimed at aiding low-income families (via REALTORMag): http://bit.ly/j4Wx45

Nevada Association Services Inc., a bill collector for Las Vegas-area homeowner associations, was hit Wednesday with its fourth federal lawsuit since Dec. 17 over its collection practices (via vegasinc.com): http://bit.ly/mG80Vv

HOA Tries To Evict Woman Dying Of Cancer (via kpho.com): http://bit.ly/iY5SPh

Most U.S. adults don’t expect real estate recovery until 2014 or later (via inman.com): http://bit.ly/lhS9mz

Buyers who have a foreclosure or bankruptcy in their credit past wouldn’t be a likely candidate to secure financing from a bank anytime soon for a home purchase. As a result, some sellers are stepping in to offer seller financing to get a home sold (via REALTORMag): http://bit.ly/lN2hLq