Real Estate News – February 22, 2011


Some interesting headlines from around the U.S. today in the real estate world:

E-mails are just as binding in real estate negotiations as traditional ink-on-paper contracts, according to a state court ruling in New York regarding a real estate dispute (via REALTORMag): http://bit.ly/dN7USb

Banks and mortgage servicers are taking more time to foreclose on defaulting home owners–a process that can take up to 2 years now, USA Today reports (via REALTORMag):  http://bit.ly/dQqtiS

Foreclosure firm challenges attorney general’s right to investigate (via SunSentinel.com): http://bit.ly/fqjb5P

Is the Mortgage Interest Deduction Doomed? (via Minvanville.com): http://bit.ly/hHsnrZ

A Sheboygan Falls real estate agent convicted of felony theft for stealing and auctioning off property from a client’s house continues to work in real estate and as of Monday remained licensed by the State of Wisconsin (via SheboyganPress.com): http://bit.ly/fgC65n

Mortgage Con Woman Extradited From Turkey Faces 280 Years in Prison for Fraud (via LoanSafe.org): http://bit.ly/fbKJqK