Real Estate News – September 25, 2011




Federal prosecutors kept the ball rolling Friday with a fourth guilty plea in the sweeping investigation into fraud and corruption at Las Vegas Valley homeowners associations (via lvrj.com): http://bit.ly/php5eF


Southern Highlands HOA sued over liens on foreclosed homes (via vegasinc.com): http://bit.ly/pIsdyT


It’s no secret that Bank of America wants to put its mortgage-related woes behind it. But it appears that a key $8.5 billion settlement with large investors is playing a role in pushing many more people into foreclosures (via usatoday.com): http://usat.ly/qr7PmA


Congress is gridlocked, consumers are pessimistic, and firms are barely hiring. To speed this recovery up — or to prevent a double dip — it might be up to the Federal Reserve. Last week it announced its latest attempt to revitalize the economy. Its chief target appears to be the still anemic housing market. Will the new policies work? (via theatlantic.com): http://bit.ly/pK56It


The time is limited for homeowners who want to ensure they aren’t hit with a big tax bill because they had to walk away from a mortgage obligation (via washingtonpost.com): http://wapo.st/p4u6Lm


Millionaire Real Estate Developer Convicted Of Murder (via kwtx.com): http://bit.ly/pUUn74


’50s Michigan Street Diner all shook up over lease, foreclosure spat (via jsonline.com): http://bit.ly/oQMeLD



 

Posted in Blog, Real Estate Law