New Home Sales Fell 12% in July.

<![CDATA[ August 25, 2010- In another stinging rebuke to the theories of economic recovery, the New York Times is reporting today that new home sales fell 12% in July over the same period in 2009. This is more bad news for any hope that housing could sustain itself without government intervention. We may be heading…

Ohio Supreme Court Says No to Equitable Subrogation

August 25, 2010 – The Ohio Supreme Court has reversed the Eighth Appellate District (Cuyahoga County, Ohio) and a trial court holding that the doctrine of equitable subrogation does not apply to allow a mortgagee-bank to take priority over a second mortgage to the Cuyahoga County Department of Development (CCDOD) when the mortgagee-bank refinanced the…