Real Estate News – October 25, 2012
Zillow will display detailed information on approximately 1.5 million homes that are in foreclosure but are not yet for sale, in a bid to position itself as the go-to web site for homebuyers (via chicagotribune.com):
Federal prosecutors filed a $1 billion lawsuit against Bank of America, alleging the bank giant from 2007 through 2009 had a program in place to file mortgage applications at a quick speed that disregarded checking for fraud, misstatements, or wrongdoing in the applications (via REALTORMag): http://bit.ly/U0hiqv
Judge advances suit over botched mortgage modifications (via chicagotribune.com): http://trib.in/SuQSOB
Nondelinquent Borrowers Soon to Be Eligible for Short Sales (via REALTORMag): http://bit.ly/SlZFnQ