Housing Wire

NOVEMBER 9, 2023

We’ve definitely seen a movement in the last few years to be more ‘end-consumer friendly’ if you will — making sure that they are protected, not only in knowing their rights, but that they are protected from all the cost that is associated with the real estate transaction,” Braga said. Solicitor General Paul Clement to its legal team. “I

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Housing Wire

FEBRUARY 3, 2025

Now in its 13th year, the Tech100 program serves as a trusted resource for housing professionals, providing a definitive list of the industrys top technology providers. These companies are at the forefront of solving the biggest challenges mortgage professionals face every day. Check out the full list of this years honorees below.

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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.

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Housing Wire

OCTOBER 25, 2024

Legal details The case, originally brought in Washington state court, is now playing out in federal court. The initial legal complaint alleges that Unison’s offering “meets nearly all of the criteria for a reverse mortgage loan and functions as a reverse mortgage,” which subjects it to Washington law that regulates these products.

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Housing Wire

AUGUST 15, 2024

Buyer agreements must be clear, concise and free of legal jargon,” he said. “So, Some of these measures include weekly town-hall-style meetings with Anywhere executives and in-house experts, such as the firm’s legal team. We are definitely seeing and feeling more outreach and back and forth,“ she said. The first is simplicity.

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Housing Wire

OCTOBER 1, 2021

While all of this fits the standard definition, the word leadership here is the type of leader that many of us are inspired by and aspire to be — a Vanguard leader. EVP, Compliance and Legal. The following pages highlight 50 of the greatest leaders in the housing industry. Bruno Pasceri. Carmine Cacciavillani. Blue Sage Solutions.

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Housing Wire

DECEMBER 13, 2024

Given the Department of Justice s ongoing legal battle with the National Association of Realtors (NAR), Sue Yannaccone the president and CEO of Anywhere Brands and Anywhere Advisors knows that the legal landscape for real estate in 2025 will continue to be a challenge.

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Appraiserblogs

NOVEMBER 4, 2021

The USPAP Exposure Draft Process Continues To Step Outside Their Purpose With Her / Him as the new ‘Misleading’ Debacle The general idea of definitions added to USPAP was supposed to be industry-specific nomenclature. And then it often gets removed because it was never correct, to begin with.

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Housing Wire

JULY 19, 2023

Listing agreements must usually be in writing and contain various mandatory provisions, including a definite duration or expiration date, the amount of broker compensation, and signatures. In many instances, such claims are without legal merit but they nonetheless should be taken seriously. Confirm that your brokerage documents (e.g.,

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Housing Wire

APRIL 9, 2024

Modern-day redlining persists, and it’s costing lenders millions in legal fees. Recently, the Department of Justice (DOJ) has taken a strong stance on redlining, taking direct legal action against bad actors and thrusting the topic into the national spotlight. Last October, Ameris Bank had to pay $9 million to settle a redlining case.

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Housing Wire

APRIL 24, 2024

I think what we are definitely going to see is a fall-off of the old way of doing things,” Saunders told attendees at HousingWire ’s The Gathering. The way Saunders views it, today’s consumers are more savvy. “So,

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Housing Wire

AUGUST 5, 2024

NRMLA and MBA also requested that the definition of “participation” in the Ginnie Mae mortgage-backed securities (MBS) guide be updated for transparency and aligned with the U.S. The letter also seeks to adjust pool certification requirements to “address legal and operational considerations,” according to the MBA.

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Housing Wire

JANUARY 2, 2024

However, the proposed class definition includes exceptions for properties listed by Keller Williams and HomeServices of America based on when the sale occurred, and which MLSs were involved. The lawsuit is seeking class action status for everyone in the U.S. 27, 2019, and the present.

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Housing Wire

MAY 6, 2024

Abel also noted that HomeServices of America is fully responsible for paying the settlement and that the firm can most definitely meet that obligation. “How the commission structure changes and how it is negotiated will be impacted, but I think the Realtors will continue to be a very important part.”

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Housing Wire

APRIL 5, 2022

There is a legal description. Virtual” real estate shares much of the same general definitions of actual real estate. In Decentraland or Sandbox, for example, the legal descriptions are individual pixels (essentially code) that define the “parcels.” Ownership grants the right to possess, sell or lease it.

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Housing Wire

JUNE 14, 2021

When you ride through a neighborhood, and there are guys smoking something midday that are definitely of employment age. But he acknowledges that social observations enter into his calculations. Where the lines are drawn are where the employment rates are out of balance. Turner & Co since 1990.

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Appraisal Buzz

SEPTEMBER 26, 2022

We have rules, we have standards, and we all know the exact definition of value. The “official unofficial” government-related loan definition of market value is clear. Also part of the definition: Reasonable market exposure time. To find market value, I first had to carefully study that pesky definition. I was wrong.

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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. Below is the definition from Webster’s online dictionary of the plain meaning rule: Plain meaning rule. adjective. Example of “summarize” – zoning.

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Housing Wire

MAY 21, 2024

While these online tools aren’t a definitive statement of a home’s value, they can be a great starting point, especially when combined with other data like a home’s list price, square footage, number of bedrooms and baths, property tax history, and any price reductions.

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Housing Wire

NOVEMBER 14, 2023

And based on Judge Stephen Bough’s latest filing, it doesn’t appear the real estate industry will have definitive answers any time soon. As the dust from the Sitzer/Burnett commission lawsuit trial and jury verdict settles, many unanswered questions remain. From there, the plaintiffs have until Feb.

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Housing Wire

DECEMBER 18, 2023

Colgate Selden is an attorney, a partner at SeldenLindeke and has over 20 years of regulatory legal experience in government and as in-house and outside counsel, and also served as a founding member of the Consumer Financial Protection Bureau (CFPB) as senior counsel in its Office of Regulations. They [may] have to do it,” he said. “I

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Housing Wire

MAY 27, 2022

Potter was recently promoted after serving as head of legal and capital markets and is a thought leader in the industry, regularly sharing his insights on how the industry can move forward through the power of innovation. I don’t mean affordable housing in the HUD definition, though I know that’s needed too.

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Listing Spark

NOVEMBER 14, 2024

However, with flat fee services, sellers might need to handle more of the paperwork and legal disclosures themselves, potentially increasing liability if mistakes are made. Manage paperwork and legal disclosures. Legal Considerations Ensure you’re compliant with all legal requirements.

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Housing Wire

APRIL 27, 2021

As the mortgage market navigates an uncertain and challenging time, extending the date by which lenders must comply with the CFPB’s new General QM definition will help provide options and flexibility for both lenders and borrowers.”.

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Housing Wire

FEBRUARY 3, 2025

The judge ultimately sided with RMF, finding that its lien held senior priority over the original mortgage, which the judge characterized as a novel legal question. RMF requested a review of the decision but the trial court maintained its original verdict, leading RMF to appeal to the states superior court.

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Appraisal Buzz

JUNE 18, 2024

H ladik , on behalf of the Legal League and American Legal and Financial Network (ALFN) , has filed a Brief of Amicus Curiae in the Superior Court of Pennsylvania Eastern District in the case of Reverse Mortgage Funding LLC v. Attorney S tephen M. The Background The case of Reverse Mortgage Funding LLC v. a purchase money mortgage).

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Housing Wire

JANUARY 9, 2025

In this article, well cover the definition of a pocket listing, the pros and cons for both agents and sellers, and how to transact off-market legally and ethically. Are pocket listings legal and ethical? Plus, well give you marketing ideas for promoting your pocket listings. What is a pocket listing in real estate?

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Housing Wire

FEBRUARY 9, 2021

Building a business model or creating a solution that benefits more than one party is definitely feasible — but trying to solve for them all simultaneously is a common trap for entrepreneurs. Trying to innovate using an end-around will likely not only fail in the long run, but it may also land you in legal hot water.

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Housing Wire

JULY 1, 2024

The class definitions for the Redfin suit are similar, and are divided into all persons in the U.S. or in California “with a My Redfin account and who requested or viewed a guided video tour on or through Redfin.com during the applicable limitations period.”

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Housing Wire

MARCH 7, 2022

The NFT representing ownership of an LLC representing ownership of a house is 100% legally meaningless. Still, the company contends, blockchain technology “is ready to be utilized by counties and that’s definitely needed.”. But that is different from the legal enforceability of property rights or promissory notes.

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Housing Wire

NOVEMBER 14, 2023

Like the other commission lawsuits this suit is seeking class action status, with a class definition of all persons who listed properties on an MLS in Texas using a listing agent or broker affiliated with one of the defendants and paid a buyer broker commission from Nov. 13, 2019, to the present.

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Housing Wire

SEPTEMBER 28, 2023

Now, reports from Black Knight and ATTOM are showing signs that, while we may not be looking at another foreclosure spike anything like what we experienced in the late 2000s, we are likely in for a definite increase in default activity. This won’t just protect against legal or regulatory risk. Nor should it be.

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Housing Wire

AUGUST 9, 2022

Luna: I definitely stumbled into it. I like that title has a legal aspect to it, but I also like that we are able to talk to people and get to know them a bit through their transaction. But I like that there is a balance between legal stuff and people. I was originally interested in doing journalism or law.

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Housing Wire

AUGUST 8, 2024

Obviously, if the properties where the sellers aren’t offering concessions of any sort are taking longer to sell and selling for less, that will definitely dictate what everyone does with this moving forward, unless the DOJ (Department of Justice) or a regulator steps in and prevents sellers from offering any sort of concession.”

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Housing Wire

MARCH 18, 2024

While Danzey said the NAR’s decision to settle was not surprising, the quick turnaround for a July implementation date of the new rules definitely gave him a start — and he was not the only one. Jessica Edgerton , chief legal officer at LeadingRE , was also caught off guard by the timing of everything. “I

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Brokerage Real Estate Agents Sellers 448

Cleveland Appraisal Blog

JULY 6, 2022

The same edition of USPAP goes on to make the following comment: “An appraiser may use any combination of a property inspection, documents, such as a legal description, address, map reference, a copy of a survey or map, property sketch, photographs, or other information to identify the relevant characteristics of the subject property.”

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Housing Wire

MAY 29, 2024

But, until there is a definitive measure for it, there is no way to know when this phantom debt could create substantial problems for the consumer and the broader economy,” they added. Some BNPL providers report these loans to credit bureaus.

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