Real Estate News – November 6, 2011
Banks that foreclose on city homes will no longer be able to claim the 50 percent homestead exemption on their property taxes under an executive order signed by Providence, Rhode Island Mayor Angel Taveras Thursday (via PBN.com):
For the second time in as many weeks, the Humane Society of Huron Valley had to pull more than 30 cats, several dogs and other assorted wildlife out of a foreclosed Ypsilanti Township home owned by an out-of-town bank (via AnnArbor.com): http://bit.ly/urGrNQ
A new Nevada law that took effect in October has slowed banks from initiating foreclosures, resulting in just 116 notices of default filed in the first three weeks of October, compared with 3,649 filings in September, a spokesman for ForeclosureRadar.com said Thursday (via lvrj.com): http://bit.ly/tjaBoh
Allied Home Mortgage Corp. sued the U.S. Department of Housing and Urban Development for suspending the firm’s ability to write Federal Housing Authority-insured home loans (via Businessweek.com): http://buswk.co/uBwjnV
Federal regulators will allow review of mortgage foreclosure cases, with some strings attached (via ivn.us): http://bit.ly/sLuVjs
A group of lawyers that defends people facing foreclosures has asked the state’s top judge to halt foreclosure cases brought by Amherst-based Steven J. Baum PC until an investigation related to office party photos can be conducted (via BuffaloNews.com): http://bit.ly/uAsAEF
Foreclosures in Minnesota fell 32 percent in the third quarter versus the year-ago period but the housing crisis may not be over anytime soon (via TwinCities.com): http://bit.ly/uPkvli
JaMarcus Russell Closes House Deal Escapes Loss to Foreclosure (via TMZ.com): http://bit.ly/vqes5Z
Bank of America threatened foreclosure with ex-home owner over $1 (via AmericaBlog.com): http://bit.ly/tx6wMe
The Metropolitan Sports Facilities Commission officials say a clause in the Minnesota Vikings Minnesota Vikings’ lease could require the team to stay put in the Metrodome for another year, like it or not (via bizjournals.com): http://bit.ly/sqoYUI
Nadya Suleman claims she’s the victim of Octomomism — prejudice against people who have given birth to eight kids at once — because she says a real estate agency refused to handle the sale of her home because of who she was (via TMZ.com): http://bit.ly/tKXmpF
The federal government sued one of the nation’s largest privately held mortgage brokers last week, saying its decade-long fraudulent lending practices cost the government hundreds of millions of dollars and forced thousands of American homeowners to lose their homes (via journalgazette.com): http://bit.ly/v05Hg3