Real Estate News – May 27-29, 2011



Investors are expected to outnumber traditional home buyers three to one in the next two years, according to a national survey by Move Inc. (via REALTORMag): http://bit.ly/ilW2t2


U.S. banks, seeking to avoid $17 billion in court claims over faulty foreclosures, are discussing a settlement framework with state attorneys general that may let firms choose from a menu of options for helping borrowers, two people briefed on the talks said (via Bloomberg.com): http://bloom.bg/mBKJCy


Oregon Judge Denies Foreclosure, Challenges MERS (via blogs.WSJ.com): http://on.wsj.com/jXMabd


A bipartisan group of senators is pushing back against a financial reform designed to make the housing market less risky, arguing regulators went too far in defining a safe mortgage (via Reuters.com): http://reut.rs/iSN1Mz


A New York State Supreme judge on Thursday denied a motion by Morgan Stanley to dismiss a mortgage putback lawsuit filed by MBIA (via TheStreet.com): http://bit.ly/kdhZJf


Texas Legislature Passes Homeowners Association Reform (via RealEstateRama.com): http://bit.ly/jRpoBT


Real estate agent facing fraud charges (via myfoxtampabay.com): http://bit.ly/iNalzB


Bald Head Island homeowner pulls history into squabble with HOA (via StarNewsOnline.com): http://bit.ly/iAHfwD


Bank of America and Morgan Stanley have agreed to pay more than $22 million combined to settle federal civil charges on improperly foreclosing on military personnel (via REALTORMag): http://bit.ly/j7hqDk


IRS Scrutinizes Gifts Of Real Estate (via blogs.WSJ.com): http://on.wsj.com/k3pjCJ



 

Posted in Blog, Real Estate Law