Housing Wire

MARCH 15, 2024

NAR’s legal counsel approved the settlement agreement early Friday morning. According to NAR, this settlement brings an end to all of the litigation claims brought by home sellers. The National Association of Realtors has agreed to pay $418 million in damages to settle the commission lawsuits. It has yet to be filed in court.

Agents 539

Agents Industrial 539

Housing Wire

APRIL 15, 2024

Looking at second-quarter 2024, more than half of respondents (53%) believe home sales will increase by more than 5% in the next three months, while 38% believe sales will remain flat and only 10% believe that sales will be down more than 5% in their market.

Agents 417

Agents MLS Sales Branding 417

Housing Wire

MARCH 8, 2024

The mailers are titled “Notice of Proposed Settlements” and they began hitting the mailboxes of home sellers in mid-February. If you sold a home and paid a commission to a real estate agent, you may be part of class action settlements,” the postcards read. What do the postcards say?

Agents 427

Agents MLS As-is Title 427

Housing Wire

APRIL 9, 2024

Modern-day redlining persists, and it’s costing lenders millions in legal fees. Recently, the Department of Justice (DOJ) has taken a strong stance on redlining, taking direct legal action against bad actors and thrusting the topic into the national spotlight. The people purchasing homes have changed, growing more diverse and unique.

Lending 406

Lending Banks Mortgages Loan Officer 406

Housing Wire

NOVEMBER 9, 2023

The heightened consumer protection focus from government agencies, combined with the Department of Justice’s ongoing legal feud with the National Association of Realtors and its recent involvement in the Nosalek commission lawsuit , has many in the industry expecting that the DOJ will get involved in the Sitzer/Burnett suit, and potentially others.

Purchase and sale agreement 420

Purchase and sale agreement Title Agents Equity 420

Housing Wire

FEBRUARY 22, 2024

Demand for existing homes — including REO assets — outpaces the available supply. Factors like location and condition of the property and the market demand for REO and other existing home sales, impact the current landscape for REO assets. Balancing supply and demand is a delicate dance between new construction and existing properties.

Due diligence 404

Due diligence Marketing Mortgages New Construction 404

Housing Wire

APRIL 9, 2024

The wholesale lender said it’s offering legal support to partners in case they are sued and once again accused Rocket Mortgage of being behind the report, which the rival denies. Freddie Mac’s PMMS is focused on conventional, conforming, fully amortizing home purchase loans for borrowers who put 20% down and have excellent credit.

Fixed-rate mortgage 434

Fixed-rate mortgage Loans Mortgages Loan Officer 434

Housing Wire

MARCH 14, 2024

Nonbank mortgage originator Change Lending will become a member of the Federal Home Loan Bank of San Francisco (FHLB-SF). Change and the Treasury Department went through a short-lived legal dispute after the lender sued the CDFI Fund for its “flawed analysis and mathematical errors,” leading to a decertification of Change Lending.

Lending 414

Lending Banks Loans Renovation 414

Housing Wire

DECEMBER 6, 2023

A home purchase or sale might be the most significant financial commitment a person makes in their lifetime, and many sales are layered with complicated feelings. Legal disputes. Many difficult situations involve legal and regulatory compliance in contract disputes, zoning violations, or tenant rights. Natural disasters.

Due diligence 407

Due diligence Technology Commercial Property Management 407

Housing Wire

FEBRUARY 28, 2024

The trade group’s legal woes have brought it back to California, where is already facing other commission lawsuits. Freedlund sold her Laguna Nigel home in late Sept. The National Association of Realtors is facing yet another copycat commission lawsuit. Filed on Tuesday in U.S. 2021 to a buyer represented by a Redfin agent.

MLS 425

MLS Residential Brokerage Agents 425

Housing Wire

APRIL 18, 2024

If Pulte, with thousands of claims, did not receive direct notice of settlement, individual home sellers with many fewer sales likely did not receive notice either,” the filing reads. Those individual home sellers may also lack legal counsel and would be less likely to learn about their class membership through the news.”

Sales 427

Sales As-is 427

Housing Wire

MAY 10, 2023

Cooper Group has entered into an agreement to acquire struggling Home Point Capital for $324 million in cash, the companies announced on Wednesday. Cooper was interested in Ann Arbor, Michigan-based Home Point spread prior to the latter selling its wholesale origination business to The Loan Store on April 7 and were amplified after.

Equity 395

Equity Principal Mortgages Loans 395

Housing Wire

APRIL 23, 2024

He believes in the success of Homes.com because it focuses on selling homes and building brands for both agents and brokerage firms. With recent legal settlements in the real estate industry, we believe that the portals that rely on the lead diversion model could become stressed,’ Florance said.

Sales 374

Sales Residential Branding Brokerage 374

Housing Wire

OCTOBER 23, 2023

The first week of the much-anticipated Sitzer/Burn e tt class action buyer broker commission antitrust lawsuit concluded with the testimony of economic and legal experts. During his testimony, Alford said that NAR’s Participation Rule “is not designed to benefit home sellers.”

MLS 404

MLS Title Design Agents 404

Housing Wire

MARCH 21, 2024

In a letter submitted to FHA commissioner Julia Gordon and FHFA director Sandra Thompson on Thursday, the Community Home Lenders of America ( CHLA ) expressed concern that the cost of employment verifications charged by Equifax is “excessive” as income verification is required for both during loan underwriting and just before closing.

Closing costs 454

Closing costs Loans Title Finance 454

Housing Wire

APRIL 19, 2024

Government attorneys deny that TCB “is entitled to any of the relief sought in the complaint,” adding that they deny “[e]ach and every allegation, as well as all inferences, arguments, and legal conclusions based on them.” Attorneys for the U.S.

Banks 433

Banks Title Equity Development 433

Housing Wire

FEBRUARY 21, 2024

HomeServices of America can preserve some of its legal war chest — for now, at least. Wood wrote on Tuesday that home sellers were “better suited to seek injunctive relief.” Judge Andrea Wood of the U.S. ” Wood also cited the $5.36 In the Batton 1 case, the plaintiffs alleged that the NAR, a trade association with 1.4

Brokerage 402

Brokerage MLS Commercial Residential 402

Housing Wire

SEPTEMBER 25, 2023

The firm’s legal troubles began in late 2022 when it was sued by attorneys general in Florida , Massachusetts and Pennsylvania over its 40-year contracts. If the homeowner breaks the agreement or decides to terminate it early, they must pay the firm 6% of the appraised value of the home.

Bankruptcy 446

Bankruptcy Land Title Agents 446

Housing Wire

SEPTEMBER 5, 2023

According to court documents filed on Tuesday, Anywhere Real Estate and the home sellers suing the firm in both the Moehrl and Sitzer/Burnett cases, which both deal with buyer brokers’ commissions, have reached a preliminary settlement agreement, settling all claims in both suits. .

MLS 417

MLS Agents Industrial As-is 417

Housing Wire

OCTOBER 19, 2021

The passage of the so-called “heartbeat bill” in Texas and similar laws in other states, access to legal and safe abortions has become a major concern for some recent movers. About one-in-seven people who recently moved said they would not live in a place where abortion is fully legal, according to a Redfin report released this week.

As-is 417

As-is Agents Marketing 417

Housing Wire

JANUARY 27, 2022

Collateral valuation is a critical component of mortgage lending and the home sales. The return to working foreclosure is a perfect opportunity for those in the industry, whether on the servicing or legal side, to examine ways to improve efficiencies, stay compliant and keep up with demand. Matt Sluggett Director of Product, Stavvy.

Lending 379

Lending Loans Technology Industrial 379

Housing Wire

OCTOBER 31, 2022

Cavco Industries, a manufactured home company, on Friday announced signing a binding offer for the acquisition of its competitor Solitaire Homes for $93 million. Hogstad, the president of Solitaire Homes. Solitaire Homes is based in Duncan, Oklahoma, and currently employs over 950 people.

Commercial 382

Commercial Residential Industrial Closing 382

Housing Wire

NOVEMBER 30, 2023

Braun argued that legal issues still playing out in the Sitzer/Burnett suit was not a reason to delay the trial in the Moehrl case. The home seller plaintiffs allege that NAR and the corporate brokerage defendants have conspired to artificially inflate agent commissions, increasing the costs shouldered by home sellers.

MLS 417

MLS Brokerage As-is Agents 417

Realtor.com

MARCH 15, 2021

We paid $222,000 for the home, with a $44,400 cash down payment (20%) and financing $177,600 for 30 years. But in this case it’s clear that your home purchase came with an unexpected feature: Buyer’s remorse. Seller financing isn’t a common practice, but it is a legal one. Is That Legal?

Finance 70

Finance Due diligence Fixed-rate mortgage Lending 70

Housing Wire

SEPTEMBER 15, 2022

The California-based mortgage lender announced on Wednesday it has hired Gregory Smallwood, former general counsel and executive vice president of Caliber Home Loans , to be chief legal officer and corporate secretary. The announcement comes two days after the company named Joseph Grassi as its chief risk officer.

Loans 383

Loans Banks Mortgages Technology 383

RIS Media

APRIL 25, 2024

A property lien is not just a term but a significant factor that can influence the outcome of home sales. Essentially, a lien is a legal claim or right against a property instituted by a creditor to secure debts or obligations owed by the homeowner.

Sales 81

Sales Title Industrial Mortgages 81

HomeLight

APRIL 3, 2024

Perhaps this need has arisen as you’re preparing to sell your home , and a discrepancy in the deed’s name has come to light. How Much Is Your Home Worth Now? Home values have rapidly increased in recent years. How much is your current home worth now? How much is your current home worth now?

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As-is 112

HomeLight

MARCH 27, 2024

You’ve saved, skimped, searched, and finally found a home to buy. If you’ve found yourself in this situation, or you’re just mentally preparing for a worst-case scenario, it’s fair to ask: Can a buyer sue a seller for backing out of a home sale? What is a home purchase agreement? What is a home purchase agreement?

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Purchase and sale agreement Sales Inspection Closing 109

RIS Media

NOVEMBER 30, 2023

The process of going through a divorce is undeniably challenging, with numerous emotional, legal and financial considerations. Amidst the upheaval, whether to buy a home can add another layer of complexity to an already intricate situation. … The post Should You Buy a Home When Getting Separated?

Industrial 126

Industrial Mortgages Agents 126

HomeLight

MARCH 7, 2024

Buying a home is rarely done with casual disregard. From the initial understanding of what a home purchase agreement is, to the reasons why buyers may back out, and the steps involved in cancellation. We’ll also review the legal and financial repercussions that can follow. What is a home purchase agreement?

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Purchase and sale agreement Earnest money deposit Option period Due diligence 113

HomeLight

MARCH 25, 2024

Discover What Your Current Home Is Worth Whether you’re looking to find a new home, or just exploring your options, it’s helpful to know how much your current home is worth. Get a ballpark estimate from HomeLight’s free Home Value Estimator. Get Estimate What is title insurance?

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Title Equity Mortgages As-is 111

HomeLight

MARCH 15, 2024

Selling and buying a home takes faith — faith that you’ll find a buyer who will offer you a fair price, or faith that you’re buying a home worth its price. What’s legal and what’s not, and why is it important for you to know? What’s legal and what’s not, and why is it important for you to know?

Purchase and sale agreement 109

Purchase and sale agreement Inspection Title Agents 109

HomeLight

NOVEMBER 20, 2023

Probate is the process where beneficiaries legally obtain property promised to them in a will and pay off any debts of the estate. If no will is present, then the probate process assigns legal ownership to a close relative of the deceased through a law called the state intestacy law. What’s involved in the probate process?

Agents 109

Agents Closing As-is Sales 109

RIS Media

FEBRUARY 26, 2024

Divorce is not just an emotional upheaval but also a time of significant financial and legal decisions. The marital home is often more than just an asset. It’s especially true when it comes to shared housing. It’s a repository of memories and dreams.

Industrial 136

Industrial Agents 136

HomeLight

APRIL 24, 2024

If you were building a home, you might think hiring two general contractors would speed up the process or provide more options. This post will guide you through the feasibility and considerations of using two Realtors to sell your home, helping you make an informed choice about this uncommon and unpopular strategy.

Brokerage 82

Brokerage Agents Days on market Sales 82

Louisville Homes

APRIL 22, 2024

Selling your home in Louisville can be an exciting time. The market is currently favoring sellers over buyers so you will likely get a good return on your investment.

Marketing 52

Marketing Residential 52

HomeLight

MARCH 28, 2024

When a home sale closing is delayed, it’s usually the buyer holding up the deal due to financing hiccups, low appraisals, title issues, or problems found during the final walkthrough. We’ll also look at legal options if a seller defaults on the purchase agreement. What happens on a home sale closing date?

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Closing Purchase and sale agreement Title Closing costs 111