Real Estate News – October 20, 2011

A new plan by state and federal officials could help more “underwater” borrowers qualify for refinancing assistance. The plan is being pushed by state and federal officials as part of ongoing settlement talks with banks over alleged foreclosure abuses (via REALTORMag):

North Carolina’s Supreme Court heard arguments Monday in a case that could decide whether mortgage lenders can foreclose on a home without producing original documents that prove they’re owed the money (via

A Massachusetts man who bought property in a faulty foreclosure sale isn’t the true owner and so doesn’t have the right to sue over it, the state’s high court ruled (via

The Mod Squad: Why are conservatives backing government help for homeowners? (via

Fannie, Freddie to Phase Out Attorney Networks in Wake of Foreclosure Scandal (via

The family of an 83-year-old woman have sued a homeowners’ association after she was killed by an alligator while swimming in a lagoon (via