Real Estate News – October 26, 2011




Several mortgage servicers have drastically slowed or halted foreclosures in Nevada due to a new law, which took effect Oct. 1, that says servicers could face felony charges for any mistakes made in the processing of foreclosures (via REALTORMag): http://bit.ly/npr779


New Obama Foreclosure Plan Helps Banks At Taxpayers’ Expense (via HuffingtonPost.com): http://huff.to/nUNaBO


Owner financing has worked well for generations in this country, but now parts of the Dodd-Frank Act will severely restrict owner financing and will do harm to buyers and sellers (via lcsun-news.com): http://bit.ly/vMw38g


A Las Vegas criminal defense attorney admitted Monday he conspired with unnamed co-defendants to pack the boards of southern Nevada homeowners associations and steer business to favored lawyers and vendors (via vcstar.com): http://bit.ly/rsRfdz


Forget the toasters and champagne flutes: More engaged couples are doing a different type of wedding registry that allows them to collect cash for a down payment on a home, according to a recent article in The Washington Times (via REALTORMag): http://bit.ly/sCsZI8


The Texas county that includes Houston will ask the state attorney general to investigate suing Mortgage Electronic Registration Systems Inc. over unpaid filing fees on behalf of all the counties in Texas, an official said (via Bloomberg.com): http://bloom.bg/uOzYiP


A 73-year-old man was arrested on multiple complaints including assault with a dangerous weapon after he and a neighbor got into a dispute about their homeowners association, Oklahoma City police said Monday (via newsok.com): http://bit.ly/rZuGPX


 



 

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