Real Estate News – August 13, 2011

U.S. Bank has announced it will commit more than $16 million to help with the revitalization of Milwaukee neighborhoods hard-hit by the foreclosure crisis (via

MERS’ right to foreclose in Virginia has been affirmed by the U.S. Fourth Circuit Court of Appeals, the electronic registry said Thursday. According to MERS, the court has affirmed several trial court decisions that recognize its right to initiate foreclosure and assign deeds of trust (via

Mortgage fraud remains widespread in the depressed housing market, with perpetrators motivated by high profits and little risk of getting caught, the FBI said Friday (via

Mortgage tax deductions may soon be in play (via

According to the FBI, a Missouri woman has been indicted for defrauding 87 Honolulu families under the guise of a foreclosure-abatement scam (via

A 39-year-old Tracy, California man pled guilty Friday in federal court for conspiring to rig bids at public real estate foreclosure auctions in San Joaquin County (via