Real Estate News – May 8, 2011

Fannie Mae, the mortgage-finance company operating under U.S. conservatorship, will seek $8.5 billion in Treasury Department aid to balance its books after reporting a $6.5 billion loss in the first quarter (via sfgate.com): http://bit.ly/iEVvH1

Jodi Burr never thought hanging a large patriotic sign in support of her son’s service in Afghanistan would violate her neighborhood covenants; much less that it would lead to legal action by her homeowner’s association.  But, she did. And it has (via shreveporttimes.com): http://bit.ly/jePu6g

Starting Monday, courts throughout South Carolina will do what a York County judge has done unofficially for two years – make sure homeowners are given a clear chance to modify delinquent mortgages before proceeding with foreclosure (via charlotteobserver.com): http://bit.ly/mUazC5

Disabled Man Beats Eminent Domain (via azstarnet.com): http://bit.ly/jRhPZ1

Green Bay Packers to finance Lambeau expansion on their own (via twincities.com): http://bit.ly/itKstZ