Real Estate News – October 17, 2011

The government has received the go-ahead to foreclose on real estate owned by a Salcha couple who owe $180,000, plus interest and penalties, and are in jail awaiting trial on charges of conspiring to kill an IRS agent and a federal judge (via

Nationwide, 2.19 million homes were listed for sale at the end of September, a drop of 20 percent compared to a year earlier, and marking the lowest level on record since began tracking housing inventory data in 2007 (via REALTORMag):

Ali Unhappy With Home, Sues Former Owners (via REALTORMag):

Big banks struggling with stalled mortgage modifications face a new hurdle — tighter standards due to take effect in just over two months from housing giants Fannie Mae and Freddie Mac (via