Real Estate News – July 6, 2011

Nowthen businessman faces rare charge in foreclosure (via

Latest Bill Calls for Fannie, Freddie Merger (via REALTORMag):

A federal bankruptcy judge in Nashville has ordered the sale of a flood victim’s home after the lender refused to foreclose, in what legal observers say is a first-of-its-kind ruling (via

Treasury’s holdings of mortgage-backed securities drop below $100 billion as sell-off continues (via

More home owners who are desperate to avoid foreclosure are finding themselves victims to loan-modification scams (via REALTORMag):