Real Estate News – August 24, 2011

Investors are renting out about half of the homes they purchase instead of renovating or flipping the properties, according to a new survey (via REALTORMag):

Homeowner Associations in Need of Cash Sue to Force Foreclosures (via

Judge Melvin Hoffman of the U.S. Bankruptcy Court for Massachusetts overturned the foreclosure of a property transferred through MERS earlier in the week.  This case could potentially have widespread ramifications on foreclosures in Massachusetts, as well as other states (via

The Justice Department moved to bolster its accusations that Deutsche Bank AG officials knowingly lied about the quality of mortgages made by a unit of the bank that were guaranteed by the government (via

Wall Street banks are planning to sell as much as $5 billion of bonds tied to commercial mortgages as they offload loans agreed to before credit markets stumbled and amid growing concern that the economy is faltering (via