Real Estate News – May 18, 2011

Several federal lawmakers are pushing Congress to launch an investigation into the Department of Housing and Urban Development’s HOME affordable housing program, a home construction program aimed at aiding low-income families (via REALTORMag):

Nevada Association Services Inc., a bill collector for Las Vegas-area homeowner associations, was hit Wednesday with its fourth federal lawsuit since Dec. 17 over its collection practices (via

HOA Tries To Evict Woman Dying Of Cancer (via

Most U.S. adults don’t expect real estate recovery until 2014 or later (via

Buyers who have a foreclosure or bankruptcy in their credit past wouldn’t be a likely candidate to secure financing from a bank anytime soon for a home purchase. As a result, some sellers are stepping in to offer seller financing to get a home sold (via REALTORMag):