Real Estate News – May 27-29, 2011

Investors are expected to outnumber traditional home buyers three to one in the next two years, according to a national survey by Move Inc. (via REALTORMag):

U.S. banks, seeking to avoid $17 billion in court claims over faulty foreclosures, are discussing a settlement framework with state attorneys general that may let firms choose from a menu of options for helping borrowers, two people briefed on the talks said (via

Oregon Judge Denies Foreclosure, Challenges MERS (via

A bipartisan group of senators is pushing back against a financial reform designed to make the housing market less risky, arguing regulators went too far in defining a safe mortgage (via

A New York State Supreme judge on Thursday denied a motion by Morgan Stanley to dismiss a mortgage putback lawsuit filed by MBIA (via

Texas Legislature Passes Homeowners Association Reform (via

Real estate agent facing fraud charges (via

Bald Head Island homeowner pulls history into squabble with HOA (via

Bank of America and Morgan Stanley have agreed to pay more than $22 million combined to settle federal civil charges on improperly foreclosing on military personnel (via REALTORMag):

IRS Scrutinizes Gifts Of Real Estate (via