Housing Wire

AUGUST 21, 2024

A CFPB order issued on Wednesday mentions violations of mortgage servicing laws and of a previous 2017 order that addresses the same issue. Fay Servicing “failed to implement the 2017 measures and continued to break the law,” the CFPB claims.

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Law Contracts Insurance Mortgage 434

Housing Wire

DECEMBER 26, 2023

19 , FNF said it suffered a “ cybersecurity incident ” that led the system to shut down some of its networks, causing disruptions to its title insurance, escrow and other title-related services, as well as mortgage transactions. The infamous ransomware gang AlphV/BlackCat claimed to be behind the attack.

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Law Contracts Insurance Clients 505

Housing Wire

MARCH 14, 2022

As the principal broker for a RE/MAX franchise in coastal Cannon Beach, Oregon, Alaina Giguiere’s typical responsibilities include marketing homes for sellers, touring homes with buyers, generating new business leads, managing client relationships, and drafting and reviewing contracts with buyers and sellers.

Real Estate 435

Real Estate Insurance Law Real Estate Agent 435

Housing Wire

MAY 3, 2024

Earlier this week, Zillow launched a new “touring agreement,” a nonexclusive contract for buyers and agents to use for home tours. The trade organization also advised members to discuss business practices and any agreements and forms they are going to use with their broker to ensure that they are in compliance with state law.

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Legal Realtors Law Real Estate 378

Housing Wire

JUNE 18, 2024

NOVAD, which held the HUD HECM servicing contract for assigned loans from 2014 to 2022 , worked with Sutherland to form the HECM loan servicing operation on behalf of HUD. Celink was awarded the HECM servicing contract in 2022. NOVAD filed a protest in June of that year, but Celink assumed the contract in December.

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Contracts Property Taxes Government Law 448

Housing Wire

JANUARY 31, 2025

The total estimated cost of getting a Colorado real estate license ranges from $1,080 to $1,800, depending on the real estate course you choose and the cost of your E&O insurance. E&O insurance covers losses your client may experience, but can also help you and your business by paying legal expenses and managing claims.

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Real Estate Brokerage Insurance Legal 300

Housing Wire

NOVEMBER 18, 2022

savings and loan associations, savings banks, and cooperative banks) and insurance companies. It was not until 1989 that Congress expanded membership to all federally insured depository institutions. Thus, if there is a conflict between the super lien and state insurance law, it is unclear which statutory system would prevail.

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Legal Law Insurance Finance 369

Housing Wire

FEBRUARY 24, 2021

Digital notary startup Notarize is now offering free notarizations in an effort to eliminate racial covenants in title insurance documents. In 2018, the state of Washington passed a law making it easier for homeowners to modify these restrictive covenants, striking the discriminatory language from the title of their property.

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Law Real Estate Contracts Brokerage 434

Housing Wire

DECEMBER 8, 2023

Prospective Arizona real estate agents must fulfill a 90-hour prelicensing program from an Arizona Department of Real Estate (ADRE)-approved school and pass a six-hour contract writing course , for a total of 96 class hours. Course includes contracts used in real estate transactions with samples and practical contract completion exercises.

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Real Estate Contracts Law Real Estate Agent 433

Housing Wire

MARCH 8, 2023

Mortgage servicers charged the top late fee amount allowed by relevant state laws, even when homeowners’ mortgage contracts capped late fee amounts below state maximums,” the CFPB said. These include excessive late fees and fees for unnecessary property inspections.

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Mortgage Inspection Law Contracts 396

Housing Wire

FEBRUARY 23, 2024

Alleged promises by Ginnie Mae That contention, however, does “nothing to undermine TCB’s claim that Ginnie Mae lacked statutory authority to extinguish TCB’s interest in its collateral, which was not only separate from the servicing rights but also subject to no contract between TCB and Ginnie Mae,” the filing reads.

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Government Contracts Finance Lending 441

Housing Wire

OCTOBER 25, 2022

of transactions had issues leading to wire and title fraud risk at closing and 5% of transactions were not registered or valid in title insurer systems at time of closing. With the contraction in market transaction volumes, the impact is that much more severe for lenders. Risk prevention and education. How FundingShield can help.

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Insurance Clients Agents Tools 370

Housing Wire

FEBRUARY 20, 2024

The purpose of the Connecticut legislative research analysis, prepared this past September, was to identify any bills proposed in Connecticut that are similar to the pending law in Massachusetts that would ensure the buyer’s right to an inspection. And I’ll tell the insurance carrier, ‘You’ve got to pay this one.’” Binney said.

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Inspection Real Estate Agent Real Estate Insurance 435

Housing Wire

MARCH 7, 2022

In a forthcoming paper for Florida Law Review, law professors Juliet Moringiello at Widener University Commonwealth and Christopher Odinet at the University of Iowa studied NFTs potential in real estate. A deed transfer often includes the new owner ensuring they are the property holder through title insurance.

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Real Estate Law Inspection Agents 501

Housing Wire

MAY 25, 2022

Other relief sought includes an order requiring Lakeview to protect, via encryption, all data collected in accordance with federal and state laws. a San Antonio, Texas-based law firm specializing in civil litigation, civil appeals and real estate law. 27, 2021, to Dec. All but one case is already filed in U.S.

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Law Real Estate Clients Mortgage 459

Housing Wire

DECEMBER 21, 2023

The great news is that the program has undergone significant improvements, particularly after the Blue Water Navy Vietnam Veterans Act was signed into law in 2019. The VA approves and contracts with local appraisal professionals to ensure a seamless process. A lot has changed and it’s time to remove the stigma.

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Mortgage Renovations Appraisal Process Finance 468

The Robert Weiler Company

JANUARY 2, 2021

Are you familiar with a land contract in Ohio, as well as the state-specific requirements? What is a land contract in Ohio, really? Essentially, a land contract is an alternative financing option if you’re investing in: Farmland or raw land. So, what is a land contract agreement, and how does it work? A home or condo.

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Contracts Tenants Legal Sellers 143

Housing Wire

DECEMBER 6, 2023

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. Even better?

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Real Estate Legal Tenants Clients 435

Cleveland Appraisal Blog

JUNE 18, 2022

comparable sales, income, and cost), there are many other elements that may apply based on the statutes, case law, and procedural rules in a given state. This is why eminent domain appraisers often work closely with eminent domain attorneys to insure that these important concepts are fully understood and applied properly.

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Appraisal Law Development Valuation 312

Housing Wire

APRIL 9, 2024

Almost every state, county and municipality has its own, unique set of real estate customs, laws and regulations. It’s not the first thing one thinks about when signing a sales contract on a new home, but when it’s poorly handled, those disparate or undiscovered requirements can derail an otherwise smooth closing process.

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HOA Real Estate Technology Investors 472

Miller Samuel

MARCH 19, 2019

This proposed NYC "pied-a-terre" tax law has a name that infers it concerns " pied-a-terres " when in fact that property type is but one part of the property types that are impacted. January: The closing of the $238,000,000 Manhattan condo sale in January (2015 contract). I'm sorry about the length of this piece but please read on.

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Real Estate Law Development Investors 370

Housing Wire

DECEMBER 20, 2021

The recent experience with state distribution of rental assistance and unemployment insurance is perhaps a preview of the challenges ahead. States, overwhelmed with claims and understaffed, also had problems paying unemployment insurance. Up to the task? Ron DeSantis wrote in a letter to the DEO on Oct. 15 recognizing the problem.

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Mortgage Government Contracts Insurance 417

Appraisal Buzz

JUNE 7, 2024

As Director, Chopra is also a member of the Board of Directors of the Federal Deposit Insurance Corporation (FDIC) and the Financial Stability Oversight Council (FSOC). Department of Labor’s Unemployment Insurance Weekly Claims Report (Thursday) The post The Week Ahead: Senate Turns Spotlight on CFPB first appeared on The MortgagePoint.

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Contracts Insurance Legal Business 195

Appraisal Buzz

JUNE 21, 2024

Banal has a Juris Doctorate from the Ohio State University Moritz College of Law and a Bachelor of Arts from Miami University in Oxford, Ohio. Hernandez earned his JD and Securities Law Certificate at the Catholic University of America, Columbus School of Law. elementor – v3.22.0 – 17-06-2024 */.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading.elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;l

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Law Property Management Technology Legal 195

Housing Wire

APRIL 27, 2023

But the caveat, of course, is that all bets are off if there’s a more meaningful contraction in lending [in the wake of recent bank failures and other economic factors] because then you’re in serious trouble,” Petrosinelli added.

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Renovations Investing Real Estate Marketing 390

Appraisal Buzz

JULY 30, 2024

Promote mobility by strengthening anti-discrimination laws and improving the housing voucher program. Inventory Rises, But Costs Grow Prohibitive According to a recent study by Redfin , nearly two-thirds (64.7%) of homes on the market in June had been listed for at least 30 days without going under contract.

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Construction Investing Inventory Law 221

Lamacchia Realty

OCTOBER 11, 2024

With many homes destroyed by the recent floods from hurricanes such as Milton, Helene, and Ian , the new law is meant to help inform potential buyers of a property’s flood risk. In this blog, we’ll explore what the new law consists of and how it could affect both buyers and sellers in the Sunshine State.

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Sellers Buyers Insurance Law 73

Empire Appraisal Group

DECEMBER 12, 2024

Property taxes, insurance, maintenance fees going up and then all these special assessments for repairs. The tragic collapse of Surfsides Champlain Towers South condo building in 2021 left 98 people dead and led to sweeping reform of the states condo inspection law. Its pricing a lot of people out of the market.

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Real Estate Agent Inspection Real Estate Development 78

Miller Samuel

FEBRUARY 12, 2019

Miller measures listing discount by the percent difference between the contract price and the price that the property was listed for sale at the time of contract – not when it was first listed). The most recent asking price is “really the moment the property entered the market,” he said. That process can take time.

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Marketing Real Estate Appraisal Sellers 221

Raleigh Realty

AUGUST 17, 2021

Understanding Due Diligence and Earnest Money in North Carolina Real Estate When you go under contract on a home in North Carolina you are going to encounter terms like Due Diligence and Earnest Money. It's important to note that real estate contracts and laws change depending on what state you are in. Due Diligence: What Is it?

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Real Estate Real Estate Agent Contracts Inspection 148

The Robert Weiler Company

APRIL 15, 2022

A more established company might choose a commercial space to lease because the contract offers more security over the long term. A commercial lease is a legally binding contract that details the relationship between a tenant and a landlord. Compliance with Laws. Indemnity and Insurance. Taxes and Assessments. Amendments.

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Tenants Landlords Property Taxes Real Estate 144

The Colorado Real Estate Blog

MARCH 13, 2018

Commercial real estate laws are are complex because there is no one set of laws or regulations that apply to every situation. Companies and individuals involved in commercial real estate transactions in Colorado could be subject to federal, state, and local real estate regulations, insurance laws, or contract laws.

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Law Real Estate Contracts Insurance 36

Raleigh Realty

FEBRUARY 19, 2022

The home appraisal is something you can negotiate prior to going under contract as well, or even while under contract. While there are different laws for different states, Fannie Mae has a general list of requirements on their site. It's one of the final steps after going under contract. Not a cent more.

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Appraisal Process Appraisal Construction Sellers 139

The Robert Weiler Company

OCTOBER 15, 2021

Another mistake – perhaps one of the more obvious (and, consequently, most detrimental) mistakes – is contracting the commercial property for sale in your personal name. A record of insurance information, including existing policies and any pending or previous claims made against the commercial property. in decades.

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Investing Real Estate Tenants Investors 138

Appraisal Today

FEBRUARY 9, 2024

An Inside Look at E&O By Peter Christensen Excerpts: There is no law requiring that real estate appraisers must have professional liability insurance – or E&O insurance as it is often called – except in one state. Common fears are that their insurer will increase their premium or decline to renew their policy.

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Appraisal Contracts Insurance Construction 84

McKissock

DECEMBER 24, 2021

In these cases, the reviewer must be competent with eminent domain appraisal practices and state laws on takings. Review work for a state taxing authority will require knowledge of state tax laws. In addition, there are federal laws and federal agency regulations (e.g., Insurance companies. Divorce proceedings.

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Clients Appraisal Government Law 73

Appraisal Today

OCTOBER 13, 2023

Fixed costs of appraising MLS, forms software, E&O insurance, auto expenses, state license, CE, association dues, etc., If certain changes in zoning become law in your state prepare for a massive decrease in the number of properties a residential appraiser can appraise. That is the Question!! can add up. Very few have been done.

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Appraisal Law Contracts Business 84