Real Estate News – October 8, 2011

The federal government will disburse just $432 million from a $1 billion program to help unemployed homeowners avoid foreclosure, a government official said Thursday (via

A real-estate fund run by Goldman Sachs Group Inc. has walked away from a $1.26 billion deal with Lehman Brothers Holdings Inc. to buy a portfolio of 10 office buildings in a suburb of Washington, according to a lawsuit filed Thursday (via

A San Francisco real estate developer accused of defrauding investors of $25 million in a Ponzi scheme has pleaded guilty to wire fraud (via

The government could unveil a plan in a few weeks to help up to one million struggling borrowers refinance their mortgages at lower rates (via

Bank of America is offering up to $20,000 to select Florida homeowners willing to agree to a short sale instead of entering foreclosure (via