Real Estate News – December 9, 2011

A proposal to change how leases are accounted for on corporate balance sheets could have a widespread, detrimental impact on the U.S. economy, triggering a $10 billion reduction in gross domestic product (GDP) and 60,000 fewer jobs by 2016, the Equipment Leasing and Finance Association (ELFA) announced (via

Community Association to evict homeowners housing children (via

A bill introduced in the U.S. House of Representatives Tuesday aims to limit and standardize the timeframe that a mortgage company can go after a home owner following a foreclosure for a deficiency judgment (via REALTORMag):

Jim Jordan’s Snoopy House Foreclosure: Charlie Brown Christmas Moves To City Hall (via

The landmark legal case that last year led to a temporary freeze on foreclosures across the nation reached its conclusion Tuesday morning when the Maine Supreme Judicial Court upheld a lower court ruling (via

JPMorgan Chase & Co has been sued by Stichting Pensioenfonds ABP, a pension fund for public employees in the Netherlands, over residential mortgage-backed securities it purchased (via

Foreclosure scam victims get money back (via