article thumbnail

Batton plaintiffs look to block final approval of commission lawsuit settlements

Housing Wire

The plaintiffs in the Batton 1 homebuyer commission lawsuit are making a last-minute effort to prevent the court from granting final approval to the commission lawsuit settlement agreements reached by Anywhere , Keller Williams and RE/MAX on Thursday.

article thumbnail

Reviewing a builder’s Agreement of Purchase and Sale

REM Online

The original post can be found at the following URL: Reviewing a builder’s Agreement of Purchase and Sale. As a lawyer, when advising buyers of pre-construction homes or condominium units during the 10-day cooling-off period after signing an agreement, I always start off the consultation by saying the same thing.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

‘Find buyers before agents!’ Mortgage industry reacts to the NAR settlement

Housing Wire

Mortgage pros have closely monitored the commission lawsuit developments since a Kansas City, Missouri jury determined that NAR, HomeServices of America , and Keller Williams conspired to inflate or maintain high commission rates through NAR’s so-called Participation Rule. You should be finding buyers before real estate agents anyway.”

article thumbnail

Fannie Mae picks winner of first nonperforming-loan sale of 2022

Housing Wire

Fannie Mae has chosen the winning bidder for its inaugural nonperforming loan sale of 2022, a deal involving 3,223 loans with an unpaid principal balance of $477.2 The transaction, which represents Fannie Mae’s first nonperforming loans sale this year, is slated to close July 27. Terms of the sale were not disclosed.

Loans 367
article thumbnail

Protecting homeowners from predatory business practices

Housing Wire

The purchase of a home is one of life’s largest and most important investments, and it is critical that homeowners remain vigilant to protect this investment. These companies know how to make their agreements sound good. These complex contracts make selling, refinancing or transferring real estate difficult for homeowners.

article thumbnail

So You Want To Purchase A Power Of Sale, Do You?

Toronto Realty Blog

TorontoRealtyBlog I’ll tell you which call I have not received in quite some time: the good, ‘ole, “power of sale” seeker. A power of sale can come in many different shapes and sizes. There’s a common misconception that all power of sales are for run-down properties, but they’re not.

article thumbnail

How Can You Purchase A Tenanted Property And Ensure Vacant Possession?

Toronto Realty Blog

Peter tells John, “I wanted to let you know that I am going to list the condo for sale.” The property is listed for sale and ends up selling after about three weeks. Bob the Buyer is a young man who is purchasing his first home, and is excited to move into the condo in the fall. And what does Bob the Buyer do?