Real Estate News – September 18, 2011

Evicted 101-year-old grateful for support, ready to return home (via

Obama Signs Patent Law: Help to Real Estate? (via

The Ad Council, in partnership with the U.S. Department of the Treasury and the U.S. Department of Housing and Urban Development (HUD), have joined together to launch a new phase of their Foreclosure Prevention Assistance Public Service Advertising (PSA) Campaign. The campaign aims to increase awareness of the Making Home Affordable® Program’s free resources and assistance for homeowners who are struggling with their mortgage payments (via

The national law firm of Greenberg Traurig issued an alert this week warning its lawyers that a 4th District Court of Appeal ruling in favor of Palm Beach County homeowners could “dramatically change the foreclosure landscape in Florida.” (via

Bank of America Corp., the lender burdened by its Countrywide Financial Corp. takeover, would consider putting the unit into bankruptcy if litigation losses threaten to cripple the parent, said four people with knowledge of the firm’s strategy (via

Housing Market Woes Even Hit Celebs (via

Faulty mortgages and foreclosure abuses have cost the nation’s five biggest home lenders at least $65.7 billion, according to a tally by Bloomberg News, and new claims may push the industrywide total to twice that amount (via

A federal false arrest and malicious prosecution lawsuit is being filed by businessman, Mark Brivik in Tampa Federal Court. Mr. Brivik, a successful Florida real estate developer, was forcefully taken from his home and family and incarcerated for 24 days for crimes he did not commit (via