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Real Estate Rumor Mill: Italy, Dune, TripAdvisor

By Natalie Rodriguez (June 23, 2015, 8:13 PM EDT) -- Italian lawmakers were said to be reviewing proposed legislation at a cabinet meeting on Tuesday that could help banks — which have accumulated about €190 billion ($212.80 billion) of nonperforming loans — sell or collect on the loans, according to a Reuters report, which cited an unnamed source tied to Italian Prime Minister Matteo Renzi's office. Among the options are buzzed to be a measure that would cut down bankruptcy proceedings and another that would shorten the period of tax write-offs for nonperforming debt, according to Reuters....

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