Real Estate News – April 22, 2011

More borrowers who can afford their mortgage payments are opting to stop making payments and walk away from their homes. But new research sets out to help lenders pinpoint the behavior that makes up these strategic defaulters (via REALTORMag): http://bit.ly/dXNXxN

Prince’s 20-acre piece of property in Chanhassen, which fell into foreclosure, was removed from public auction Friday in a move consistent with the musician satisfying the outstanding mortgage, the Carver County Sheriff’s Office said (via StarTribune.com): http://bit.ly/gQAikR

Iowa AG Leading Mortgage Investigation Rakes in Cash from Real Estate Industry (via harvardcrcl.com): http://bit.ly/eFqqr9

Apple Valley Woman Charged in Alleged $4.2M Mortgage Fraud Scheme (via Patch.com): http://bit.ly/gSJTu1