Real Estate News – September 18, 2011
Evicted 101-year-old grateful for support, ready to return home (via freep.com):
Obama Signs Patent Law: Help to Real Estate? (via speakingofrealestate.blogs.realtor.org): http://bit.ly/o12d5z
The Ad Council, in partnership with the U.S. Department of the Treasury and the U.S. Department of Housing and Urban Development (HUD), have joined together to launch a new phase of their Foreclosure Prevention Assistance Public Service Advertising (PSA) Campaign. The campaign aims to increase awareness of the Making Home Affordable® Program’s free resources and assistance for homeowners who are struggling with their mortgage payments (via businessnewsexpress.com): http://bit.ly/reHNpP
The national law firm of Greenberg Traurig issued an alert this week warning its lawyers that a 4th District Court of Appeal ruling in favor of Palm Beach County homeowners could “dramatically change the foreclosure landscape in Florida.” (via PalmBeachPost.com): http://bit.ly/r6Hrqo
Bank of America Corp., the lender burdened by its Countrywide Financial Corp. takeover, would consider putting the unit into bankruptcy if litigation losses threaten to cripple the parent, said four people with knowledge of the firm’s strategy (via BusinessWeek.com): http://bit.ly/oBRAt2
Housing Market Woes Even Hit Celebs (via TheStreet.com): http://bit.ly/ob2JI5
Faulty mortgages and foreclosure abuses have cost the nation’s five biggest home lenders at least $65.7 billion, according to a tally by Bloomberg News, and new claims may push the industrywide total to twice that amount (via TampaBay.com): http://bit.ly/piNoGj
A federal false arrest and malicious prosecution lawsuit is being filed by businessman, Mark Brivik in Tampa Federal Court. Mr. Brivik, a successful Florida real estate developer, was forcefully taken from his home and family and incarcerated for 24 days for crimes he did not commit (via stockmarketsreview.com): http://bit.ly/pkpkqW