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MV Realty files for bankruptcy

Housing Wire

Right-to-list agreement firm MV Realty has filed for Chapter 11 bankruptcy in 33 states. Over the past year, the American Land Title Association has worked to pass legislation at the state level to ban right-to-list agreements, such as those used by MV Realty. The story was first reported by CBS News.

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Kentucky passes bill to end ‘harmful’ listing contracts 

Housing Wire

Recorded in property records since 2018, right-to-list agreements can be misleading in many instances, and they can create “impediments and increase the cost and complexity of transferring or financing real estate in the future,” according to a news release from the American Land Title Association (ALTA), which supports the legislation.

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Daily Links: Flatbush’s Troubled Hello Nostrand Rental Enters Bankruptcy Again

Brownstoner

In the News The Coolest Grocery Store That Never Existed [NYT] Brooklyn Scores With the First All-Electric Building in New York City [NYT] To Fix a Housing Crisis, New York Leaders Seek to Revive 1950s Idea [NYT] Bill to Increase Housing on Religious Institution’s Land Gains Support [NYDN] Brooklyn’s Many Boat Clubs Prep for New… Read More > (..)

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Opinion: Title insurance is vital to protecting the American dream

Housing Wire

Through the American Land Title Association and state associations, the industry continues to develop new tools to help consumers understand the role title insurance plays in the closing, the benefits of title insurance and how to shop for title insurance. Mary O’Donnell is CEO of Westcor Land Title Insurance Co.

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How to Search Property Records and Learn Everything About A House

HomeLight

A property record search can also reveal information about the previous owners, property deeds — and even some personal information about the seller regarding divorce and bankruptcy. For instance, the Los Angeles Public Library has a Housing Authority historic photo collection for Los Angeles County.

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Opinion: The larger risk from a barely noticed CFPB lawsuit

Housing Wire

If the case of the CFPB vs. the National Collegiate Student Loan Trust (“NCSLT”) lands the wrong way… well, let’s just say it will be harder to fix than my dishwasher. . One of the critical mechanisms of securitization is the separation of the underlying assets from the bankruptcy risk of the mortgage bond issuer.

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GSEs still shun the low end of manufactured housing

Housing Wire

The homes financed by these loans come without land, like a car, and the homeowner typically rents the land beneath their home. But when home prices depreciated, it flamed out, and its parent Conseco filed for bankruptcy protection in 2002. But the GSEs could make further demands, given the right leverage.

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