Housing Wire

NOVEMBER 21, 2024

Both claims were aimed at CoStar and James Kaminsky , the former Realtor.com employee at the center of the legal battle. Kaminsky would have been using during the time he was unlawfully accessing Move’s confidential and trade-secret information.” Agents love Homes.com, and its “your listing, your lead” model.

Legal 370

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Housing Wire

JUNE 26, 2024

” He added that as Arizona is a notice-pleading state, the court must generally accept all the allegations as being true, provide NEXA the benefit of every possible inference, and will simply focus on whether the alleged facts fit within any cognizable legal theory.

Contracts 390

Contracts Legal Sellers Brokerage 390

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

OCTOBER 7, 2024

MV Realty is facing more legal action, this time in Minnesota. The AG’s office alleges that MV Realty informed its investors that the agreements were liens. Minnesota Attorney General Keith Ellison filed suit in late September in Ramsey County, charging MV Realty with unfair and deceptive trade practices.

Realty 448

Realty Contracts Legal Brokerage 448

Housing Wire

MARCH 13, 2024

Saris will allow the Nosalek commission lawsuit plaintiffs and MLS Property Information Network (MLS PIN) defendants to file a response to the Department of Justice’s statement of interest. In their motion, the parties wrote that they “dispute the factual and legal arguments made in the DOJ’s Statement of Interest.”

Contracts 468

Contracts Legal Sellers Buyers 468

Housing Wire

MARCH 18, 2024

million to Black Knight Servicing Technologies , concluding a five-year legal battle over allegations of trade secret theft involving two of the biggest companies in the housing industry. million in damages related to a breach of contract claim, plus interest and attorneys fees. PennyMac Financial Services has paid $158.4

Legal 448

Legal Contracts Technology Development 448

Housing Wire

FEBRUARY 29, 2024

The plaintiffs in the Nosalek commission lawsuit and defendant MLS Property Information Network (MLS PIN) have teamed up to ask Judge Patti B. In the filing, the parties wrote that they “dispute the factual and legal arguments made in the DOJ’s Statement of Interest.”

Contracts 448

Contracts Legal Sellers Buyers 448

Housing Wire

NOVEMBER 13, 2023

Cooper Group became the target of at least four consumer class-action lawsuits after disclosing a cyberattack at the end of October when customer information was compromised and the company shut down certain systems. The firm informed law enforcement, regulatory authorities and other stakeholders. Mr. Cooper had 4.3

Legal 544

Legal Law Contracts Technology 544

Housing Wire

FEBRUARY 28, 2024

As brokerages across the country have begun implementing buyer agency contracts into their business practices in the wake of the Sitzer/Burnett commission lawsuit verdict, the Consumer Federation of America is warning consumers that they may be filled with “unfair provisions” that primarily protect agents and brokers.

Buyers 480

Buyers Contracts Agents Realtors 480

Housing Wire

JUNE 13, 2024

In an analysis of more than 100 real estate wire fraud cases, CertifID found that the most common wire fraud-related legal liability issues for real estate firms are negligence, breach of contract, deceptive business practices and breach of fiduciary duty. As a custodian of funds, you are in a position of trust and knowledge.

Real Estate 459

Real Estate Insurance Legal Training 459

Housing Wire

SEPTEMBER 3, 2024

Mr. Cooper filed the lawsuit against ACI Payments in September 2023 , alleging breach of contract, misappropriation of confidential information and ordinary negligence, among other accusations. According to Mr. Cooper, ACI used nonpublic information from its customers to conduct tests in April 2021.

Legal Fees 448

Legal Fees Mortgage Legal Contracts 448

Housing Wire

JUNE 29, 2023

The poaching lawsuit, filed on June 22 at a federal district court in Delaware, states that South Carolina-based Movement recruited and hired its employees in late 2021 and early 2022 to take trade secrets and confidential information. That’s not the Orange County, California-based lender’s only poaching legal battle.

Retail 448

Retail Contracts Legal Business 448

Housing Wire

DECEMBER 5, 2023

An arbitrator conclusion issued last week caps a four-year legal battle over allegations of trade secret theft involving two of the biggest companies in the housing industry, Black Knight Servicing Technologies and PennyMac Financial Services. 28, an arbitrator awarded Black Knight $155.2 In March 2020, the companies entered arbitration.

Contracts 448

Contracts Development Legal Law 448

Housing Wire

JANUARY 10, 2024

Guild claims the group stole “substantial amounts” of information, recruited away its employees and created confusion among its customers. The lender asserted claims for breach of contract, fraud, unfair competition and tortious interference, among others. District Court, Western District of Washington, Seattle.

Legal 448

Legal Lending Contracts Mortgage 448

Housing Wire

MARCH 11, 2022

According to the legal filings , Barber’s alleged goal was to take real estate “prospects and leads assigned to other brokers” for “his own personal benefit” and that of the other defendants, Darcy Varney and eXp Realty. Barber had been working for the Harrelson Group on a contract basis since March of 2017. and 5:30 a.m.

Real Estate 370

Real Estate Realty Real Estate Agent Contracts 370

Housing Wire

FEBRUARY 26, 2024

Top 10 mortgage lender and servicer Newrez sued one of its former executives over multiple allegations, including breach of contract, disclosure of confidential information and unfair competition tied to soliciting several Newrez executives to join a competing lender. 21 in the U.S.

Retail 448

Retail Legal Lending Business 448

Housing Wire

AUGUST 2, 2024

Gromowski adds that datasets must include in-depth historical information to inform future AI-driven decisions. CoreLogic ensures that its data is used under the proper legal contracts and obligations. Wheeler asks whether data diversity helps CoreLogic to better inform their clients. Risk factors.

Real Estate 468

Real Estate Clients Tools Development 468

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

MAY 21, 2024

Buying a home in a non-disclosure state, where sale prices are not available to the general public, presents a unique set of challenges and requires home buyers to be more proactive in gathering information. Comparables can help agents assess current market trends, and make informed decisions when it comes to a fair offer price.

Real Estate Agent 488

Real Estate Agent Real Estate Inspection Valuation 488

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

JUNE 12, 2024

The original deadline of June 13 to provide discovery information related to the case cannot be met due to several factors cited by the government. Department of Housing and Urban Development (HUD) Office of the Inspector General (OIG), and other concerns about the public disclosure of information the company wishes to keep confidential.

Government 443

Government Law Contracts Development 443

Housing Wire

DECEMBER 8, 2023

We’ve reviewed all the key information to determine the best Arizona real estate schools to help you get licensed quickly and efficiently with a state-approved, online program at an Arizona real estate school. Course includes contracts used in real estate transactions with samples and practical contract completion exercises.

Real Estate 434

Real Estate Contracts Law Real Estate Agent 434

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

The DOJ’s statement of interest, which was filed in mid-February, was in relation to the settlement agreement reached between the Nosalek plaintiffs and MLS Property Information Network (MLS PIN) in July 2023. NWMLS counters that these rule changes increased transparency and removed the potential for steering. “The

Sellers 458

Sellers Contracts Buyers Realtors 458

Housing Wire

SEPTEMBER 26, 2023

The plaintiff states that the ACI Payments “misused” Mr Cooper’s nonpublic personal customer information to conduct quality assurance testing, even though the servicer did not authorize such use. In addition, it resulted in legal fees due to 10 class actions and at least two individual lawsuits.

Mortgage 434

Mortgage Legal Fees Legal Contracts 434

Housing Wire

DECEMBER 6, 2023

Legal disputes. Address other important items, including relevant contact information for support professionals, such as legal counsel, insurance providers and emergency services. Many difficult situations involve legal and regulatory compliance in contract disputes, zoning violations, or tenant rights.

Real Estate 435

Real Estate Legal Tenants Clients 435

Housing Wire

JULY 18, 2024

and James Kaminsky from any further unauthorized access of the following Move-owned files, and from any use or disclosure of Move’s confidential and trade secret information contained in the files.” His contract was terminated on Jan. According to Move, Kaminsky’s final day of employment at the company was Jan.

Legal 440

Legal Contracts Construction Development 440

Housing Wire

JULY 19, 2022

The lawsuit, filed in federal court in New York last week, alleges that since February 2022 “CrossCountry improperly poached no fewer than 32 loanDepot employees from loanDepot branches in Manhattan, Brooklyn and Fishkill, New York by interfering with loanDepot’s contractual and other legal rights.”

Loan Officers 397

Loan Officers Contracts Legal Business 397

Housing Wire

APRIL 15, 2024

“With buyers who are asking I explain the situation and let them know that there could be a strong possibility they would need to pay a percentage if not all of the commission agreed upon to me as their buyers’ agent and that we need to enter into a contract.”

Inventory 448

Inventory Agents Real Estate Sellers 448

Housing Wire

JANUARY 4, 2023

The lender said that despite not formally renewing the contract, CAVU continued to provide the services as of September 2022. The employees’ PrimeLending contracts had non-solicitation, non-interference and confidentiality clauses, according to the lawsuit. That equates to a loss of about 10% of PrimeLending’s workforce.

Loan Officers 482

Loan Officers Contracts Mortgage Legal 482

Housing Wire

AUGUST 26, 2024

The plaintiffs claim the defendants then took things a step further by creating a “fake leads scheme” in which they distributed misleading information and utilized the defendants’ association with NAR to “fraudulently induce trust and reliance in” the misleading information.

Real Estate Agent 514

Real Estate Agent Real Estate Law Agents 514

Housing Wire

DECEMBER 19, 2023

Big Four title firm Fidelity National Financial and its subsidiary mortgage subservicer Loancare are facing a class action lawsuit alleging that they were negligent with customer data and that they breached their contract, after the firm was the victim of a cyber security attack in late-November. District Court for Central California.

Clients 448

Clients Contracts Mortgage Legal 448

Housing Wire

MAY 13, 2024

Based on our understanding of what Fannie Mae and Freddie Mac (the GSEs) anticipate including in the release, our members have expressed concerns that the information will be insufficient to meet their data analytics needs,” the letter stated. “We FHFA was comfortable approving VantageScore 4.0

Legal 448

Legal Mortgage Contracts Insurance 448

Housing Wire

JULY 26, 2021

Solicitors are legally required when purchasing a home in Ireland.). And on top of all that, any buyer in “contract” can get “gazumped” (contracted price goes up) at any time until the final weeks of that sale agreement. And they paid a 1% fee to their solicitor for their purchase. All in all, my parents paid 4.5% experience.

Real Estate Agent 397

Real Estate Agent Real Estate Sellers Legal 397

Appraisal Buzz

AUGUST 1, 2022

When trying to understand the meaning of words in this manner, there is a legal premise that applies specific to understanding the language called the plain meaning rule. When reading contracts, words will always have their ordinary meaning unless defined otherwise. With that defined, let’s look at the definition of summary: Summary.

Valuation 360

Valuation Contracts Appraisal Legal 360

Housing Wire

MARCH 29, 2024

In its motion filed on Wednesday, CMLS said its amicus curiae brief is in repsonse to the Department of Justice’s statement of interest which was filed in early February in relation to the proposed settlement agreement reached by the Nosalek plaintiffs and defendant MLS Property Information Network in July 2023.

Sellers 459

Sellers Real Estate Buyers Contracts 459

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