Real Estate News – April 14, 2011

Deal reached on foreclosure flaws (via

Obama Calls for Limits on Itemized Deductions (via REALTORMag):

Michael Joseph Krzyzaniak, also known as Michael Joseph Crosby, allegedly soaked investors for projects that included a golf resort in Desert Hot Springs, Calif., and a NASCAR-style racetrack in Elko, Minnesota (via

Foreclosure Foul-Up Wins Florida Man a Free Home (via

U.S. regulators “must be mindful of the trade-off” between borrower equity and access to credit as they consider new rules for mortgage risk-retention, Acting Federal Housing Administration Commissioner Bob Ryan said (via

RealtyTrac said this morning that the number of properties that had received a foreclosure filing during the first quarter in Minnesota was down 18 percent compared with last year. Foreclosures were also down 12 percent from the fourth quarter 2010 (via