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Both claims were aimed at CoStar and James Kaminsky , the former Realtor.com employee at the center of the legal battle. In the suit, Move alleges that Kaminsky stole documents and trade secrets from Realtor.com, which he then provided to CoStar to fuel the rapid growth of Homes.com. “The
CoStar has notched yet another procedural win in its legal battle with Move , the parent company of Realtor.com. Both claims were aimed at CoStar and James Kaminsky , the former Realtor.com employee at the center of the legal battle. In a ruling issued Tuesday, Judge George H. In total, Move’s first amended complaint had six claims.
The balance request includes additional damages for legalfees and a jury trial. The latest filing does not include details on the collateral, only to say it includes cash, investment property, intellectual property, equipment and documents, among other things. million promissory note Side extended in April.
In a document filed with the Securities and Exchange Commission on Monday, Fathom notified shareholders of its decision to settle the antitrust claims related to the Siter/Burnett suit. Fathom Holdings , the parent company of Fathom Realty , has joined the list of corporate brokerages to settle the commission lawsuits.
According to a document filed last week with the Securities and Exchange Commission , Reffkin is relinquishing $25 million in performance-based restricted stock unit awards in exchange for a $7 million cash bonus. For the changes to Reffkin’s compensation plan alone, Compass will pay $25,000 in legalfees, according to the SEC filing.
Online real estate market provider CoStar Group has sued former Homesnap founder Guy Wolcott and three others for allegedly stealing trade secrets related to its online information platform feeding its various marketplace products, including Homes.com and Apartments.com , according to court documents obtained by HousingWire.
Having owner’s title insurance means the cost of defense and legalfees that typically would be the homeowner’s responsibility instead are paid by the title insurer. Consumers are encouraged to ask their title professional how rates are determined where they live and what services are provided in the fee, as well as to shop around.
Truliant, which serves more than 270,000 members and over 30 member financial centers in North Carolina, South Carolina, and Virginia, met a series of standards relating to eSignatures, eNote documentation, eClosings, eRegistry requirements, and eNote vault requirements, said Todd Hall, Truliant president and CEO.
The cost of a bad hand When selling a loan, lenders provide legal assurances to the government-sponsored enterprises ( GSE s) that guarantee the accuracy and completeness of the loan data, known as representations and warranties. Documentation issues : Missing or inadequate documentation.
Now, thanks to United Wholesale Mortgage (UWM) CEO Mat Ishbia’s recent announcement that his company is hiring attorneys to review title and closing documents, AOLs and the risks associated with them, have been a hot topic at this year’s ALTA One conference.
For example, direct costs could be additional staff time needed to complete applications and ensure compliance, legalfees, and other transactional costs associated with closing multiple funding sources. Consolidating applications and coordinating documents can reduce inefficiencies and produce cost and time-saving benefits.
The governing documents for the association were recorded in 2013. Of importance in this matter, pursuant to the governing documents, monthly assessment payments were due on the tenth of each month. In September 2021, Fendee recorded its lien against Gould for unpaid association assessments, fines, penalties, interest, and legalfees.
These can include: Additional legalfees- Since you will be closing on two mortgages, your fees may increase. Appraisal fees – To repay your incentive, you’ll need to have an appraisal done to work out the fair market price of your home. What else should you know?
Squatting, the act of occupying an abandoned or vacant property without the legal right to do so, is a growing concern for real estate investors. These challenges can range from financial losses due to property damage and legalfees to prolonged vacancies that delay the ability to sell or lease properties.
That’s why you should document the cost basis of your home over time. Consider it as a baseline, says Quicken Loans: When you sell the property, the cost basis is subtracted from the net sales price to determine capital gains tax liability. To calculate the cost basis of their homes, owners typically start with the purchase price.
CFPB-2024-0021 ] NOTE: USE THIS LINK TO READ THE DOCUMENT AND THIS NAME TO USE THE COMMENTS PORTAL BELOW. Request for Information Regarding Fees Imposed in Residential Mortgage Transactions AGENCY: Consumer Financial Protection Bureau. CONSUMER FINANCIAL PROTECTION BUREAU [ Docket No.
Be Document-Ready: Assemble relevant paperwork like purchase agreements, warranties, utility bills and inspection reports. Unexpected Expenses: Budget for possible repairs, inspections or legalfees that might arise during either transaction. Having them readily available for buyers builds trust and streamlines the process.
In addition to property-level cash flow, GPs typically charge fees (acquisition, asset management, disposition) and earn a promote or disproportionate share of profits once certain returns are met. A thorough investigation helps you confirm the propertys financials, condition, and legal standing.
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