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Navigating movement in the mortgage industry series: Post-closing matters are important too

Housing Wire

Earnouts From Sellers perspective, earnouts can be an opportunity to be paid more for the business over a period of time or, alternatively, an unnecessary holdback of part of the purchase price. To backstop some of those indemnification obligations, there will likely be an indemnification escrow agreement.

Mortgage 415
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Zillow to list housing discrimination protections

Housing Wire

The update expands Zillow’s Local Legal Protections tool, which was created in 2018 to help LGBT home searchers identify if their rights were protected by local laws in certain jurisdictions. Still, federal law does not prevent landlords from rejecting all housing vouchers.

Landlords 488
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California attorney general cracks down on rental price gouging

Housing Wire

The attorney generals office said that the California DOJ has sent over 650 price gouging warning letters to hotels and landlords. But inventory is rising and conditions favor sellers in many areas. The price gouging restrictions remain in effect until March 8.

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California AG charges first real estate agent with price gouging after LA fires

Housing Wire

It has sent out 500 warning letters to date, with more to come, to hotels and landlords who have been accused of price gouging. But inventory is rising and conditions favor sellers in many areas. DOJ is aggressively and relentlessly pursuing those who are trying to make a quick buck off of someone elses pain.

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

Housing Wire

One option is that NAR and the MLSs can no longer require cooperative compensation, but listing agents and their sellers can still offer the buyer broker compensation if they so choose. It is a situation where buyers need to pay their own agents and sellers have to pay their agent separately?”

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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

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Make Your First Investment Property an Attractive and Profitable Option

Cleveland Appraisal Blog

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. When you run a business, and owning rental property is a business , you’re almost always better off forming a legal business structure. Form a Business Structure.

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