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Alabama law: Buyers don’t have to sign contract before home tours

Housing Wire

Alabama governor Kay Ivey has signed into law a bill that ensures homebuyers only have to sign a buyer brokerage agreement prior to submitting an offer on a property and not before touring a home with an agent. Ivey signed the bill into law on Tuesday after it passed the state Senate earlier this month.

Law 281
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BDF Law Group Continues Growth

Appraisal Buzz

BDF Law Group , a provider of legal services to the financial services industry, has announced its expansion into four new states: Alabama, Mississippi, Oklahoma, and Wyoming. This expansion is not merely for growth’s sake, but rather to address a pressing need to deliver quality legal services expressed by several key clients.

Law 221
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Appraiser at center of Rocket Mortgage lawsuit has license revoked

Housing Wire

In December, Rocket sued HUD over the charge, saying it was not accountable for an appraiser’s actions given the arms-length requirement of the law. This business model was not only misleading to the clients, but also to his credentialled appraisers on staff, the release stated.

Appraisal 418
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Compass broker accused of taking kickbacks in whistleblower lawsuit

Housing Wire

A Compass broker faces allegations of illegally accepting kickbacks from a mortgage lender and attorney in exchange for client referrals, according to a whistleblower lawsuit obtained by The Real Deal. Payments were allegedly omitted from tax filings while clients were reportedly unaware of the referral arrangements.

Clients 335
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Taking Foreclosures Beyond Judicial and Non-Judicial Actions

Appraisal Buzz

Legal League is a professional association of financial services law firms spread out across the U.S. Managing Attorney with IDEA Law Group LLC, and Chair of Legal Leagues SIWG; Michelle Garcia Gilbert Esq. Founder and Managing Attorney with Van Ness Law Firm PLC, and SIWG Member. Hladik Esq. Anthony Van Ness Esq.

Legal 435
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Former HUD Secretary Marcia Fudge becomes a partner at law firm Taft

Housing Wire

Department of Housing and Urban Development (HUD), Marcia Fudge has joined law firm Taft as a partner and chair of public policy, the company announced this week. Two other former HUD staffers will also join the law firm. According to Am Law 100, it is the 83rd largest firm in the U.S. by revenue.

Law 447
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EasyKnock’s defamation suit dismissed in Texas

Housing Wire

After the company failed to have new council file an appearance, the court dismissed EasyKnocks defamation lawsuit against law firm Feldman & Feldman last Monday. Feldman & Feldman began working with clients throughout Texas to file lawsuits under the truth in lending act against EasyKnock in 2021.

Law 388