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Fintech lender LoanSnap evicted, faces financial and legal turmoil

Housing Wire

Legal and financial troubles are piling up for mortgage fintech lender LoanSnap , with the company having been recently evicted from its headquarters in Southern California. As for the eviction, TechCrunch reported that it stemmed from a lawsuit filed by its landlord in February 2024.

Legal 403
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Real estate industry is in flux after shocking guilty verdict in commission lawsuit trial

Housing Wire

One thing possibly preventing Bough from taking the second option is a specific Missouri state law , which allows for a seller or landlord to “agree that a designated broker may share with another designated broker the compensation paid by the seller or landlord.”

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LoanSnap troubles continue as California revokes its lender license

Housing Wire

That policy, which is designed to protect consumers from lender fraud and financial risk, expired in early August. The company was evicted in May from its office in Southern California, with the landlord seeking unpaid rent of more than $530,000. 18, LoanSnap had its license revoked after it failed to renew its surety bond.

Landlords 396
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Biden to call for first-time homebuyer tax credit, construction of 2 million homes

Housing Wire

Biden will propose several new provisions designed to control costs for renters, including the targeting of corporate landlords and private equity firms, which have been “accused of illegal information sharing, price fixing, and inflating rents,” the White House said. “MBA

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VA Issues Grants in the Fight Against Homelessness

Appraisal Buzz

million in legal services grants to a total of 108 public and non-profit organizations, all with the goal of increasing access to legal services for eligible U.S. Legal services provided This grant program is enabled by the Johnny Isakson and David P. Department of Veterans Affairs (VA) has awarded $26.8

Legal 221
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Make Your First Investment Property an Attractive and Profitable Option

Cleveland Appraisal Blog

This should include repairing any structural damage or major systems before you think about design. Are You Cut Out to Be a Landlord? Money Under 30 explains that there are many responsibilities and time obligations that go along with being a landlord. Next, look at your space. Owning rental properties is a huge responsibility.

Investing 332
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A recap of gen AI use cases at FHFA’s 2024 TechSprint

Housing Wire

The renter is presented with results they are prequalified for that fit their criteria and the app connects them with landlords/property managers. Designed as a co-bot, Loan Buddy would direct questions to a human on the loan team if it had low confidence in its answer. Awarded most promising use case of gen AI for user experience.

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