Real Estate News – June 20, 2011

Nationwide, new foreclosure cases and repossessions have dropped by a third since last fall as banks, as greater scrutiny over banks’ foreclosure procedures and more home owners fighting back in court has slowed the pace. Banks, already facing huge backlogs of foreclosures they’ve already repossessed, also may be reluctant to add on more to their inventory, experts say (via REALTORMag):

Macedonia homeowners association tells veteran to remove flagpole, vet fights to keep it (via

A Reminder of Housing Market Horrors (via

Scam Cheats Borrowers Out of Loan Payments (via REALTORMag):

Hundreds of lawsuits winding their way through courtrooms in the U.S. could ultimately determine the future of the housing market in America (via

The Department of Housing and Urban Development launched a long-awaited program to provide interest-free loans to help unemployed borrowers in 27 states with their mortgage payments (via