Housing Wire

JANUARY 22, 2024

This means that if a homeowner decides to sell their house sometime in the next 40 years, the company is entitled to list the home for a 3% commission, which is separate from the commission earned by the buy-side agent. 2023 , MV Realty filed for Chapter 11 bankruptcy in the 33 states it operates in.

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Inman

JUNE 11, 2025

The coworking behemoth says it is on a path to profitability after spending a year negotiating with landlords to eliminate $4 billion in debt and begin to turn a profit, according to a new report on Tuesday.

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Housing Wire

JULY 16, 2021

Stearns exited that company after it filed for Chapter 11 bankruptcy and bought by Blackstone Group , and he starred on the Discovery Channel’s reality TV show “ Undercover Billionaire ” before founding Kind. Unclear is what pressure eXp’s agents may feel to direct their clients to Success. The company now has a $4.2

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Mortgages Lending Bankruptcy Brokerage 410

Housing Wire

DECEMBER 27, 2022

Other smaller lenders, including real estate tech startup Reali and Sprout Mortgage , shuttered, while First Guaranty Mortgage Corp filed for Chapter 11 bankruptcy.

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Housing Wire

JANUARY 20, 2021

As 2021 unfolds, the real estate industry is still dealing with ongoing concerns introduced and exacerbated by the COVID-19 pandemic last year, leaving agents and brokers facing multiple challenges with their work. For example, it shows whether the owner has ever filed for bankruptcy or if they’re facing foreclosure.

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Housing Wire

JUNE 21, 2022

Low claims ratios are a testament to the work our agents do to eliminate items prior to closing. Real estate is a $3 trillion industry in the United States. Not only is this not true, but it is a fundamental misunderstanding of what title professionals do and how our underwriting protects this work.

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Real Estate News

JUNE 13, 2025

Dave Gallagher June 13, 2025 3 mins Thousands of homeowners are being released from their controversial contracts with MV Realty, a company that is currently in bankruptcy court and is facing lawsuits in multiple states. Could it have been stopped earlier?

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BAM Media

APRIL 3, 2025

But since Mohtashami cant be everywhere at once, every agent should be prepared to do their part to fight the rampant misinformation online, as well as one client at a time. So, it shouldnt surprise anyone that Mohtashamis top advice for real estate agents is this: Learn how to talk to your clients with data. Most decline.

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Housing Wire

JUNE 21, 2024

In September 2023 , MV Realty filed for Chapter 11 bankruptcy in 33 states. The firm had more than 500 real estate agents.

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Inman

SEPTEMBER 29, 2023

With Inman Top 5, you'll find the most essential stories, chosen by our readers. Here are the most-read stores of Sept. 23-28, 2023.

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Bankruptcy Agents 194

Realty Biz

MARCH 21, 2024

If you’re struggling financially and unable to pay your bills, you may have considered filing for bankruptcy. Filing for bankruptcy gives you a fresh start, but it stays on your credit report for up to 10 years — resulting in consequences for years to come. Instead, you can focus on one. Consider making lifestyle changes as well.

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Inman

APRIL 4, 2025

Relationships is an easy onboard, swiftly presenting the user with daily opportunities to build business that pulls focus from the need to simply build a giant list of third-degree contacts who have one foot in the market and the other in pending bankruptcy

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Inman

SEPTEMBER 25, 2023

The company is currently facing lawsuits from more than a half-dozen states over its allegedly deceptive business practices.

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Realty Biz

MARCH 19, 2024

But in today’s unpredictable economy, it’s easy even for homeowners to find themselves on the brink of bankruptcy. According to the most recent numbers, bankruptcies rose 10% last year. Being on the brink of bankruptcy isn’t the same thing as actually being bankrupt — not even close. But don’t lose hope.

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Housing Wire

FEBRUARY 18, 2022

He repeatedly mentioned that the company had fallen into bankruptcy and was “not on track” to even make a profit before subtracting operating expenses. Also, marketing expenses soared 153% to $84 million in 2021, predominantly due to RentPath. Kelman was fairly candid about RentPath’s struggles.

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Housing Wire

FEBRUARY 23, 2024

In 2023 alone, the mortgage industry saw a total of 62 merger and acquisition transactions, lender exits and bankruptcies. of the purchase loan amount when using a real estate agent from Rocket Homes to find a property. The company doesn’t break out purchase business versus refinances in its earnings reports.

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Housing Wire

JULY 22, 2022

FGMC) filed for Chapter 11 bankruptcy protection at the end of June — leaving four warehouse lenders on the hook for more than $415 million. Real estate agents and their clients also received no advance warning and multiple deals fell through as a result, sources told HousingWire. Non-QM lender First Guaranty Mortgage Corp.

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Housing Wire

JULY 11, 2023

According to the indictment, the group allegedly acquired a property in bankruptcy proceedings in a short sale, and two defendants moved in and occupied that home as their primary residence. In total, the group allegedly forged financial statements and filed false tax documents to access $1.5

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Housing Wire

MAY 10, 2022

Eric Hill, an Atlanta real estate agent representing a nationwide homebuilder, had a plan to help more than 100 homebuyers get mortgages. The problem: They did not qualify for the loans. Hill’s scheme, also enabled by a group of co-conspirators, caught up with him, in part because many of the loans started going south.

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Inman

APRIL 4, 2023

With the stakes higher than ever in Moerhl, the real estate industry is facing significant upheaval in terms of how listing and selling agents are compensated.

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HomeLight

MAY 3, 2024

There are actually real estate agents specializing in divorce who navigate the details and roadblocks of selling joint property dozens of times every year. Some agents even get certified, which involves special training in understanding tax issues in the sale of the family home, alimony and child support, divorce and pensions, and bankruptcy.

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Housing Wire

SEPTEMBER 20, 2024

This means that if a homeowner decides to sell their house sometime in the next 40 years, MV Realty is entitled to list the home for a 3% commission, which is separate from the commission of a buyer’s agent. MV Realty previously operated in 33 states and had more than 500 real estate agents.

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Inman

JANUARY 26, 2023

The 2008 downturn nearly drove Marc King into bankruptcy. At Inman Connect New York on Thursday, he shared the steps he learned about avoiding financial ruin and instead growing

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Housing Wire

NOVEMBER 10, 2020

The products appeal mostly to independent contractors and self-employed borrowers, with non-QM lenders often marketing their wares to real estate agents who have entrepreneurs for clients. Like anything, you have that seasoned loan officer who has a stream of referral sources whether it’s a Realtor, CPA, bankruptcy attorney, etc.

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Housing Wire

MARCH 26, 2024

Incurring unnecessary credit card debt to cover the cost of daily living indirectly eats into their equity because they are going to have to pay it at some point down the road or deal with the headache of bankruptcy.

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Equity Loans Bankruptcy As-is 432

BAM Media

APRIL 1, 2025

Foreclosures and bankruptcies? Heres what agents need to know: Homeowner delinquencies arent spiraling out of control. Clients rely on agents who understand the real story behind the headlines. For industry news, edutainment, and humor, sign up for the best newsletter on the planet for real estate agents.

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The Close

AUGUST 19, 2024

If you’ve ever stumbled to explain—or even understand—the difference between being a Realtor and being a real estate agent, you’re in the right place. Realtor & Real Estate Agent Defined When asking, “What is a realtor vs real estate agent, and what does it stand for?” Same as an agent, but is a member of NAR.

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BubbleInfo

MARCH 5, 2022

Even if this 12% ‘auction premium’ (commission) gets cut in half, every home seller and agent should take note of the commission structure at auctions – paid by the buyer! The mega-mansion known as “The One” sold Thursday for $126 million at a bankruptcy auction.

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HomeLight

DECEMBER 19, 2023

Find an Agent to Help You Navigate the Paperwork Buying and selling real estate is a complex task. A top real estate agent can serve as an invaluable transaction coordinator during steps like the title search and deed transfer. Find Agent What can you learn from property records?

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The Close

MARCH 9, 2023

The challenge of being a real estate broker today is keeping your agents selling and productive in this shifting and changing market. Thankfully, you can train your real estate agents to make this sales shift. The solution I found was to shift my agents from a marketing-based business plan to a prospecting plan.

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Notorious ROB

OCTOBER 24, 2022

Brokers and agents spend a few years making a fortune, then spend a few years losing it all. Again, this is extremely common since real estate agents know the value of real estate as an investment asset. Some brokers and agents working today remember those bad old days; many do not because they were not in the business in 2007-2011.

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Realty Biz

AUGUST 9, 2023

Working with a real estate agent who understands how challenging this transaction can be is critical. Here are 11 tips for finding the right agent to sell your home. Realtor or real estate agent? Real estate agents are licensed in their state (or in multiple states). 11 tips for finding an agent to sell your home 1.

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HomeLight

SEPTEMBER 14, 2023

Thankfully, your agent, mortgage lender, and the title company will collect and monitor much of the paperwork. Find a top real estate agent near you We analyze over 27 million transactions and thousands of reviews to determine which agent is best for you based on your needs. Get Started 1.

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The Close

JANUARY 25, 2022

Don’t get me wrong—this is not a get-rich-quick scheme for new agents and it certainly isn’t for everyone. In addition to local market knowledge, real estate investors want an agent who knows a deal when they see one. So, before sending potential opportunities to an investor, take the time to do some basic research on the property.

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The Close

MARCH 15, 2022

Builders were selling homes by lottery, and real estate agents were living large—and so was I. As agents, we knew that 100%, no-document lending was wrong, but we didn’t know the consequences. An REO agent represents banks and loan servicing companies to sell the homes that they foreclosed upon. I was fortunate. Related Article.

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Agents Investor Banks Land 98

Fancy Pants Homes

JUNE 30, 2021

Created for original owner Don Cooksey (a software designer and entrepreneur who later filed for bankruptcy) many architects initially backed away from the ambitious project, calling it “unbuildable” That’s until Cooksey approached Wallace E. Burns paid $14,097,000 for the home, and invested heavily in the property.

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Realty Biz

JULY 21, 2021

Find the Right Real Estate Agent. That’s why you want to hire real estate agent in Brampton who is well-connected with that market rather than assuming any real estate agent in Toronto will do. Tell the real estate agent that you want each child to have their own bedroom and ample space to run around and play.

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