Real Estate News – October 1, 2012





One of the few businesses working well for the biggest banks these days is the same one that got them in trouble just five years ago: mortgages (via msnbc.msn.com): nbcnews.to/TWraHK

Some residents of an Aurora town home community are angry after learning about a rabbit removal operation (via kdvr.com): bit.ly/SoeToV


Illinois Attorney General Lisa Madigan is putting $1.4 million toward legal help for renters. It’s part of a $25 billion national settlement the state received in the wake of the foreclosure crisis (via wbez.com): bit.ly/QD0j04


New Tampa homeowner wins judgment against homeowners association (via TampaBay.com): bit.ly/S9t72m


IPOs Are the Latest Sign of Real Estate’s Rebirth (via BusinessWeek.com): buswk.co/Qkt4eG


A Look at Foreclosure Assistance and Mortgage Modifications (via businessinsider.com):
read.bi/NZGekk


Millions of dollars lost by southern Nevada homeowners and community associations in a sweeping fraud case may be gone forever, a federal judge said Thursday (via sfgate.com): bit.ly/RtC83J


A federal judge has tossed out a lawsuit against Freddie Mac that accused the mortgage giant and three top executives of understating the level of risky mortgages the company held before the housing bubble burst (via washingtonpost.com): wapo.st/UwSJCe


The U.S. Small Business Administration announced that it will be increasing the revenue standards for businesses in 58 categories, including several in real estate (via REALTORMag): bit.ly/SwJHTN


The ink was barely dry on the government’s $25 billion mortgage settlement with the nation’s biggest banks earlier this year when scam artists seized on the opportunity (via washingtonpost.com): wapo.st/VIPnhY


The American Bar Association names real estate malpractice claims as the leading cause of malpractice actions in its “Profile of Legal Malpractice Claims: 2008-2011” report (via REALTORMag): bit.ly/PF6Hkz


 


 


 

Posted in Blog, Real Estate Law