Real Estate News – November 8, 2011
Foreclosure filings in Nevada’s hard-hit housing market have slowed sharply after the state enacted a law that toughened the foreclosure process (via REALTORMag):
Allied Home Mortgage Corp. asked a federal judge to restore its ability to originate and underwrite Federal Housing Authority-insured home loans, after U.S. officials suspended those privileges last week (via BusinessWeek.com): http://buswk.co/sVU3qD
A former East Berlin real-estate agent defrauded mortgage lenders of more than $6.2 million by filing false loan applications, then pocketed about $2.3 million of that money, a federal jury in Harrisburg determined this week (via yorkdispatch.com): http://bit.ly/rNviWe
Faced with a growing number of complaints from homeowners about flags, access to financial documents and even the right to speak up at meetings, the Colorado Legislative Action Committee of the Community Associations Institute is asking the state to investigate the need to license community association managers (via thedenverchannel.com): http://bit.ly/tdgUgV