Housing Wire

OCTOBER 30, 2024

The department said it issued documents to LoanSnap within two weeks of that date, stating that the license would be revoked, and the company has yet to respond to request a hearing. These actions include a Wells Fargo suit filed in Minnesota, where the bank sought more than $430,000 over an alleged breach of contract. million.

Landlords 448

Landlords Loan Officers Lending Contracts 448

Housing Wire

OCTOBER 18, 2022

On August 5, about one month after Sprout shutting down, the parties executed a new agreement saying FirstFunding “is permitted to immediately exercise all of its rights,” including FirstFunding receiving mortgage loan proceeds directly from Sprout or any borrower, according to documents attached to the lawsuit.

Contracts 397

Contracts Law Legal Mortgage 397

Housing Wire

APRIL 20, 2023

Denver-based brokerage franchise Motto Mortgage , owned by RE/MAX , has accused broker shop UMortgage of “tortious interference” in its contract with a former franchisee called TRB Solutions, whose controlling member was Breon Price, the top-producing loan officer. According to a lawsuit filed in March in a U.S

Contracts 397

Contracts Loan Officers Best Value Legal 397

Housing Wire

NOVEMBER 1, 2024

Last but not least, real estate agents prepare documents such as closing documents, purchase agreements, and leases while ensuring that the transaction is in compliance with local laws and their client’s terms are met. citizen or legal resident and be 18 years of age or older. Generally, you need to be a U.S.

Real Estate 448

Real Estate Real Estate Agent Agents Brokerage 448

Housing Wire

JUNE 4, 2024

Supreme Court rejected a challenge to its funding mechanism in mid-May, the Consumer Financial Protection Bureau (CFPB) is now targeting the use of what it deemed ”unlawful or unenforceable” terms and conditions in contracts. On Tuesday, the U.S.

Legal 448

Legal Contracts Law Lending 448

Housing Wire

JUNE 26, 2024

According to the document, filed on Monday in a superior court in Maricopa, Arizona, the lawsuit is the “handiwork” of Kortas. It said that the claims are defective, fail on numerous grounds and should be dismissed. ” Kortas and Grella founded NEXA in 2017 after they left Equity Prime Mortgage. .”

Contracts 390

Contracts Legal Sellers Brokerage 390

Housing Wire

OCTOBER 3, 2024

EasyKnock , which offers sale-leaseback solutions to homeowners, announced a legal victory in Texas on Wednesday as it was awarded more than $153,000 by an arbitrator. The company has been fighting legal battles on multiple fronts through a series of consumer-initiated lawsuits and actions by regulators in several states.

Legal 434

Legal Law Property Taxes Contracts 434

Appraisal Buzz

FEBRUARY 24, 2025

Real estate appraising is a complex practice that requires a diverse range of skills and knowledge, from understanding current market conditions to understanding and interpreting complex legal and financial documents. If you want to be your own boss, it also requires business acumen.

Real Estate 335

Real Estate Development Appraisal Legal 335

Housing Wire

JANUARY 6, 2025

In a document filed last week, BHE asked Bough to reconsider his order denying BHEs motion to strike the class-action allegations and to dismiss for failure to state a claim. Additionally, BHE claims that under the Federal Arbitration Act, arbitration agreements are legally enforceable.

Contracts 432

Contracts Law Legal Real Estate 432

Housing Wire

AUGUST 6, 2024

They say that the bank’s own filing on the matter avoids the key issues that the government sought to raise regarding the original clause that specifies where any related legal actions should take place.

Government 459

Government Mortgage Contracts Legal 459

Housing Wire

MAY 4, 2021

. “And since there’s no limit to the number of documents you can execute through QuickSign, organizations can use it for sales contracts, legal or human resource documents as well.” Currently, 32 U.S. states allow full eClosings.

Tools 387

Tools Human Resources Technology Real Estate 387

Housing Wire

JUNE 12, 2024

government have requested an extension of deadlines related to discovery in the case brought by Texas Capital Bank (TCB) against Ginnie Mae over the extinguishment of a priority lien tied to the loan portfolio collateral of Reverse Mortgage Funding (RMF), according to court documents reviewed by HousingWire ’s Reverse Mortgage Daily (RMD).

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Government Law Contracts Development 443

Housing Wire

JUNE 29, 2023

It also accuses Movement of inducing these employees to breach contracts by soliciting others to leave loanDepot. That’s not the Orange County, California-based lender’s only poaching legal battle. A Movement representative did not return a request for comments.

Retail 448

Retail Contracts Legal Business 448

Housing Wire

JANUARY 11, 2024

TCB’s contract with RMF and the bankruptcy court order also expressly stated that TCB’s right to a lien was subject to GNMA’s extinguishment rights.” 31, 2022, special requirements for HECM reverse mortgage loan pools, TCB’s tail agreement and documents from RMF’s bankruptcy case unfolding in the U.S.

Lending 459

Lending Government Legal Law 459

Housing Wire

DECEMBER 21, 2022

The court quickly imposed a temporary restraining order to the case, which prohibited the former employees from using documents and mandated the return of the filings containing customer information that loanDepot claims they improperly took to CrossCountry.

Legal 435

Legal Loan Officers Contracts Business 435

Housing Wire

JULY 26, 2024

However, an agent can help suggest a fair market value, draw up contracts, review documents, and ensure state-required protocols are followed. You might also consult a real estate attorney for contracts and tax implications that accompany a home sale. Closing costs are typically 3% to 6% of the purchase price.

Market Value 459

Market Value Real Estate Agent Real Estate Finance 459

Housing Wire

JANUARY 10, 2024

The lender asserted claims for breach of contract, fraud, unfair competition and tortious interference, among others. According to the document, the award arises from “Defendants’ breaches of their employment agreements and violations of their other legal duties during their employment in Washington.”

Legal 448

Legal Lending Contracts Mortgage 448

Housing Wire

NOVEMBER 2, 2023

California-based nonbank lender loanDepot is suing former chief operations officer Tammy Richards for breach of contract and fiduciary duty, accusing her of stealing confidential information concerning the lender’s customers. loanDepot filed the lawsuit on Oct.

Contracts 435

Contracts Legal Retail Training 435

Housing Wire

JANUARY 31, 2025

Regardless of your chosen method, ensure you bring all required documentation, including your proof of coursework completion and a valid ID. It protects you from potential legal claims that a mistake on your part caused someone financial harm. Just make sure all your documents are in order to avoid any delays. Congratulations!

Real Estate 338

Real Estate Brokerage Insurance Legal 338

Housing Wire

NOVEMBER 16, 2023

Real estate forms : It is said that a contract is only as good as the paper it’s written on, and real estate purchase contracts are written on template legal documents that have been reviewed and approved by state-level real estate departments. Rajesh Bhat serves as a Board Director of The Mortgage Office.

Realtors 448

Realtors Contracts Real Estate Agents 448

Housing Wire

APRIL 9, 2024

HOA requirements and documentation: a case in point. As a case in point, let’s look at the settlement requirement to navigate homeowners associations (HOA) and their vast and disparate array of documents and requirements. The result is thousands of HOAs with thousands of varying requirements and mounds of varying documentation.

HOA 475

HOA Real Estate Technology Investors 475

Housing Wire

JULY 19, 2023

A typical commission dispute arises when, after signing a listing agreement or buyer-broker agreement: A seller-client “cancels” a valid purchase contract. Consider the following, fairly common scenario and the result: A seller signs a listing contract with a real estate brokerage for six months. A seller-client cancels a listing.

Real Estate 370

Real Estate Legal Clients Brokerage 370

Housing Wire

MARCH 28, 2024

In fact, if you were to describe the home-buying experience solely upon the things we see in advertisements, the home-buying process would end with the sales contract, and all parties would merrily proceed directly to the handing over of the keys. There’s an entire industry built upon the “what’s next” in question.

HOA 488

HOA Property Management Real Estate Agent Technology 488

Housing Wire

JULY 26, 2022

District Court of Southern District of New York against Sprout Mortgage and Sprout Mortgage Asset Trust for fraud, breach of contract, promissory estoppel and unjust enrichment. New Wave filed the lawsuit Monday in the U.S. Sprout’s executives did not immediately return a request for comment, nor did executives at New Wave.

Mortgage 397

Mortgage Legal Lending Investors 397

Housing Wire

JANUARY 3, 2024

Deran Pennington, a former Movement Mortgage top sales executive sued for poaching by the lender, filed a counterclaim alleging that Movement breached the contract by failing and refusing to pay his due compensation. million and liquidated damages for the company’s breach of contract. In total, he asks for about $13 million.

Contracts 448

Contracts Legal Mortgage 448

Housing Wire

NOVEMBER 22, 2023

In fact, if you were to describe the home buying experience solely upon the things we see in advertisements, the process would end with the sales contract and all parties would merrily proceed directly to the handing over of the keys. There’s an entire industry built upon the “What’s next?” in question.

HOA 459

HOA Real Estate Agent Technology Real Estate 459

Housing Wire

FEBRUARY 5, 2024

In a court document filed on Friday, HomeServices of America told the Supreme Court that each HomeServices of America client contract states that the “signatories can arbitrate any claim or dispute arising out of the contract.”

Contracts 435

Contracts Brokerage Law Real Estate Agent 435

Housing Wire

JULY 18, 2024

His contract was terminated on Jan. According to the filing, the employee took a screenshot of his presence in the document. On June 9, Kaminsky again attempted to go back into one of the protected documents, requesting access to the file from his personal Gmail account. 10 as part of a wider layoff.

Legal 440

Legal Contracts Construction Development 440

Housing Wire

DECEMBER 27, 2024

They handle property searches, showings, and contract negotiations. Take your time and review the document thoroughly. You may even want to run it by an attorney to ensure it is a fair and legal agreement. The team leader then selects other members to join the team to support their overall business objectives.

Real Estate 418

Real Estate Tools Agents Real Estate Agent 418

Housing Wire

JUNE 17, 2024

Department of Housing and Urban Development (HUD) submitted a motion to change the court venue where a case with Texas Capital Bank (TCB) is taking place, arguing that a contract clause has been violated by TCB’s choice to file the case in Amarillo, Texas, as opposed to Dallas. Attorneys representing Ginnie Mae and the U.S.

Government 448

Government Mortgage Law Contracts 448

Housing Wire

JULY 26, 2022

District Court of Southern District of New York against Sprout Mortgage and Sprout Mortgage Asset Trust for fraud, breach of contract, promissory estoppel and unjust enrichment. New Wave filed the lawsuit Monday in the U.S. Sprout’s executives did not immediately return a request for comment, nor did executives at New Wave.

Mortgage 370

Mortgage Legal Lending Investors 370

Housing Wire

JANUARY 18, 2024

Qualia is suing both Settlor and Myers for misappropriation of trade secrets, and it is suing Myers for breach of contract, and Settlor for intentional interference with a contract. The plaintiff also states that as the former leader of the Resware team, Myers knew the value of the information she took.

Contracts 448

Contracts Government Business Marketing 448

Housing Wire

NOVEMBER 3, 2023

The agreement puts an end to a short-lived legal dispute with the Treasury Department. Change accused Levine of committing fraud and breaching his contract with the firm to advance his scheme to extort Change and its principals for over $10 million. Levine was fired in March over multiple accusations of workplace misconduct.

Lending 435

Lending Finance Legal Contracts 435

Housing Wire

SEPTEMBER 23, 2022

Eghbal “Eddie” Saffarinia, 62, of Alexandria, Virginia, perpetrated a scheme to conceal key facts, including the extent and nature of his relationship with a “personal friend” who was the owner and CEO of an information technology company, according to court documents and evidence presented a trial.

Government 418

Government Contracts Development Technology 418

Housing Wire

AUGUST 19, 2024

Kaminsky spied on Move’s confidential documents at least 37 times after CoStar hired him.” According to the filing, Kaminsky only stopped accessing the documents after a Move employee discovered him in an allegedly confidential Move filing in real time, at which point Move blocked him from accessing the documents. “Mr.

Real Estate 435

Real Estate Business Law Contracts 435

Housing Wire

JULY 30, 2024

The OCMBC counterclaim brings eight counts, including defamation, breach of contract, fraud and unfair business practices. The document adds that Turturro joined HMAC in late 2022, becoming a “high-ranking employee” and divisional president for Jet Mortgage. (HMAC), wholesale lender OCMBC Inc.

Sellers 445

Sellers Business Contracts Mortgage 445

Inman

JULY 8, 2024

Wealth manager Michael Conticelli writes that agents must understand ownership rights to ensure they are using correct documentation and contracts for legal compliance.

Business 187

Business Legal Contracts Agents 187