Real Estate News

OCTOBER 29, 2024

A law professor filed a lengthy objection calling it “the worst of all possible worlds,” raising concerns about “chaos and frustration” as well as legal fees.

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Housing Wire

SEPTEMBER 18, 2024

“We continue to assert that Fathom never participated in any conspiracy to inflate commissions and continue to believe that due to our flat-fee model, there was no incentive to join any such conspiracy.

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Housing Wire

SEPTEMBER 3, 2024

These customers paid overdraft/insufficient funds fees or faced temporary account freezes. In addition, it faced legal fees due to 10 class-action lawsuits and at least two individual lawsuits. Mr. Cooper alleges that the incident made media headlines nationwide, damaging its reputation.

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Housing Wire

JANUARY 3, 2024

While the firm has succeeded in trimming costs and reducing operating expenses , it is now finding itself in the crosshairs of multiple copycat commission lawsuits , which will lead to an increase in legal costs. For the changes to Reffkin’s compensation plan alone, Compass will pay $25,000 in legal fees, according to the SEC filing.

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Housing Wire

MARCH 28, 2024

According to the DOL, they must pay $35,000 in emotional damages and the legal fees of the two employees who reported consumer fraud concerns. A former senior vice president and two company managers were also held personally accountable in the case.

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Housing Wire

FEBRUARY 29, 2024

This includes compensation for meal and rest periods that were allegedly unfulfilled, as well as expenses incurred by the class for their job duties and any legal fees that may arise from the case.

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Housing Wire

OCTOBER 2, 2023

CoStar says it has been “severely and irreparably harmed” by the alleged actions of the defendants, adding that prior engagement between counsel for both companies did not lead to a solution, ultimately requiring this legal action which was filed in the U.S. District Court for the District of Columbia.

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Housing Wire

SEPTEMBER 26, 2023

In addition, it resulted in legal fees due to 10 class actions and at least two individual lawsuits. Some customers faced overdrafts and/or insufficient funds fees on their bank accounts, while other customers’ depository institutions placed temporary account freezes.

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Housing Wire

JULY 17, 2024

Standardized forms can save consumers money on legal fees and other previously required elements. Following the commission policy changes at the multiple listing service (MLS) level, the DOJ now seeks to address the use of standardized forms designed by competing MLSs. But there is a risk that offers of compensation could disappear.

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Housing Wire

APRIL 24, 2024

“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.”

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Housing Wire

DECEMBER 16, 2022

Having owner’s title insurance means the cost of defense and legal fees 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.

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Housing Wire

MARCH 1, 2024

But Parker agreed with Hild and the government in limiting ICBC’s claim for legal fees. Hild objected to ICBC’s proposed amount by saying the company did not receive a “fair market value” for the bonds they purchased, which Parker said is “irrelevant for the purposes of restitution.”

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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. More recently, Patriot Bank paid $1.9

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Housing Wire

OCTOBER 13, 2022

When they talk about reducing closing costs for underserved communities, these people need title insurance more than anybody else because while $10,000 in legal fees may be doable for someone who owns a $4 million house, it is a struggle for someone who owns a $140,000 house.”.

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Housing Wire

DECEMBER 13, 2024

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. These reps and warrants cover borrower income, employment, and property information.

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Housing Wire

APRIL 6, 2021

Full e-Closings reduce the use of paper, legal fees, mailing and courier costs. Officials said 11 federal home loan banks set servicing system requirements relating to eSignatures and eNote documentation in early 2020 – the culmination of three years of development.

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Appraisal Buzz

MAY 6, 2024

Add to this rising replacement costs and legal fees, increased government regulation, inflation, and fraud, and companies are bleeding about a billion dollars every three weeks.

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Housing Wire

APRIL 12, 2022

For example, direct costs could be additional staff time needed to complete applications and ensure compliance, legal fees, and other transactional costs associated with closing multiple funding sources. These bureaucratic barriers burden developers with direct and indirect costs.

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Appraisal Buzz

AUGUST 23, 2024

In September 2021, Fendee recorded its lien against Gould for unpaid association assessments, fines, penalties, interest, and legal fees. In January 2021, Gould failed to make payments on the property and subsequently defaulted on the note. NDFHA initiated foreclosure on the property in January 2022 due to the 2021 default.

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D Fritz Appraisals

JUNE 15, 2021

These can include: Additional legal fees- 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?

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Insurance Legal Fees Appraisal Buyers 144

Eppraisal

JULY 2, 2024

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 legal fees to prolonged vacancies that delay the ability to sell or lease properties.

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Lamacchia Realty

AUGUST 28, 2024

Typical closing costs that occur are the following: mortgage origination fees, appraisal, legal fees, title examination fees, lender and owner title insurance, transfer taxes/stamp fees, recording fees, prepaid interest, pre-paid escrow, homeowners insurance, flood insurance, if applicable, and more.

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Eppraisal

NOVEMBER 1, 2022

Leasing can sometimes take an entire month's rent while renewal often hovers around $200 as a fixed fee, assuming a monthly rent of $2,000. Maintenance and legal fees vary according to the job done. When you sign on with a management company, there may be a set-up fee for your account, as well.

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Berkshire Hathaway

AUGUST 30, 2022

Besides the purchasing price, your budget should also include other costs such as renovations, structural and environmental assessments, downtime during transitions, legal fees, realty commissions, taxes, and contingencies. You should also consider the financing options available for your investment property.

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Eppraisal

APRIL 7, 2023

If you sell your marital home while you are still legally married, the first $500,000 in capital gains are exempt from taxes if you file jointly. The more you can keep your mind open and cooperate, the less money will be spent on legal fees. If you are single at the time of the house sale, only the first $250,000 is exempt.

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Will Springer Realtor

MAY 7, 2024

Several factors can increase or decrease the adjusted basis, says McGuff.

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Housing Wire

FEBRUARY 27, 2025

The complaint was filed under New York Citys gender-motivated violence law, which has served as the legal basis for other suits as well. The case was filed in the district court for the Southern District of New York, where many of the civil suits against the brothers have been submitted.

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Appraisal Today

JUNE 7, 2024

Without general liability insurance an appraisal company may be responsible for paying large out-of-pocket expenses for things like: Legal fees, Compensation to injured parties Reputational harm, Property damage repairs Commercial property insurance This type of appraisal insurance keeps the physical aspects of your company safe.

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PennyMac

AUGUST 14, 2024

Unexpected Expenses: Budget for possible repairs, inspections or legal fees that might arise during either transaction. (Note that an inspection may uncover mandatory repairs that must be completed in order for financing to be approved and the sale to go through.) The following financing options can help you manage these issues.

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Zillow

JULY 11, 2019

Legal fees related to your investment properties or business. Advertising fees. You can deduct property taxes against your rental income, though, provided the property tax is uniformly assessed throughout the jurisdiction and is not a special assessment. Other tax deductions.

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Housing Wire

JANUARY 24, 2025

VCA is demanding a jury trial and asking the court for a declaration that Redfin has infringed on their patents, damages and payment of their legal fees. Redfin did not return a request for comment.

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Housing Wire

NOVEMBER 29, 2024

If a tax lien, or other claim against their property emerges, the policy covers any legal fees incurred defending against that claim. With a clear title in hand, and insurance to cover unforeseen risks, the real estate transaction has the green light to proceed.

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Insurance Legal Fees Housing Market Real Estate 447

Housing Wire

JANUARY 14, 2025

At the same time, Tal, Oren and Orens twin brother Alon were dealt a loss in the federal sex trafficking case.

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Real Estate Agent Legal Fees Real Estate Brokerage 394

Property Metrics

MARCH 13, 2025

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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