Real Estate News – September 17, 2012

Homeowners association members face violence (via

Mortgages: Life After Bankruptcy (via

Housing market outpaces plodding economy (via

Descendants of Coca-Cola founder Asa Candler have had a rough go since the housing bust and ensuing recession. The soda heirs’ real estate development company has lost $37.5 million to foreclosure since the economy tanked, and the financial future of the family appears tenuous at best, the Atlanta Journal-Constitution reported Sunday (via

Business Puts Vets to Work Rehabbing Foreclosed Houses (via

The Office of the Inspector General at the Federal Housing Finance Agency is trying to find strategic defaulters and collect on what they still owe. Strategic defaulters are often underwater home owners who walk away from their mortgages even though they still have the means to pay (via REALTORMag):

Girl’s Pink Playhouse Incites Georgia Homeowners Association to Embark on Legal Crusade (via

A $23 million mansion heads to foreclosure as an entrepreneur’s fortune vanishes (via

U.S. Rep. John Campbell, R-Irvine, introduced federal legislation Thursday aimed at blocking local governments across the nation from using eminent domain to seize underwater mortgages (via

Ten Cities That Just Can’t Turn Housing Around (via

2012: The Year Of The Housing Recovery; Exhibit A: The Minneapolis-St. Paul Housing Market Is HOT (via

State court ruling deals blow to U.S. bank mortgage system (via

Federal Reserve Stimulus Program Aims to Fire Up Housing Market (via