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Move claims employee at center of legal battle with CoStar caused $5K in damage

Housing Wire

Both claims were aimed at CoStar and James Kaminsky , the former Realtor.com employee at the center of the legal battle. Move should focus on fixing its broken business model and spend its legal fees on defending the class action lawsuit that accuses Realtor.com of selling fake leads to brokers.”

Legal 370
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Mr. Cooper, ACI to settle lawsuit over unauthorized mortgage payments

Housing Wire

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.

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Former Homesnap employees stole trade secrets over online marketplace tech, CoStar alleges

Housing Wire

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.

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Side files preliminary injunction against Alexander brothers in wake of arrests

Housing Wire

The company argues that the charges could incentivize the brothers to use the collateral to cover the steep costs of the legal fees to fight the charges, as well as the potential financial costs related to posting bail. If denied release, the three brothers will be relocated to New York and remain in federal custody.

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Mr. Cooper sues ACI for damages related to unauthorized mortgage payments

Housing Wire

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
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‘Real Estate Insiders’ role play buyer and seller objections

Housing Wire

According to Zorn, the DOJ issued civil investigative demands, or CIDs, which allow the agency to request information about a specific topic from a company or organization that isn’t involved in active litigation. Standardized forms can save consumers money on legal fees and other previously required elements.

Sellers 459
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Side’s Hilary Saunders discusses the evolution of brokerage models

Housing Wire

“So, what the brokerages have done historically is they’ve made all their money from the 80% of agents who actually don’t transact more than two deals a year , because they pay desk fees, monthly fees, technology fees and legal fees.”

Brokerage 448