Housing Wire

MARCH 8, 2023

Mortgage servicers charged the top late fee amount allowed by relevant state laws, even when homeowners’ mortgage contracts capped late fee amounts below state maximums,” the CFPB said. These include excessive late fees and fees for unnecessary property inspections.

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Housing Wire

FEBRUARY 23, 2024

Alleged promises by Ginnie Mae That contention, however, does “nothing to undermine TCB’s claim that Ginnie Mae lacked statutory authority to extinguish TCB’s interest in its collateral, which was not only separate from the servicing rights but also subject to no contract between TCB and Ginnie Mae,” the filing reads.

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Housing Wire

FEBRUARY 20, 2024

The purpose of the Connecticut legislative research analysis, prepared this past September, was to identify any bills proposed in Connecticut that are similar to the pending law in Massachusetts that would ensure the buyer’s right to an inspection. And I’ll tell the insurance carrier, ‘You’ve got to pay this one.’” Binney said.

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Inspection Real Estate Agent Real Estate Insurance 391

Housing Wire

APRIL 16, 2024

States have laws about what constitutes an agreement, a digital signature, or a contract. Just because you have E & O insurance doesn’t mean you should have to use it! You don’t want to sway a negotiation wrong, over-share, or breach your agency relationship. No negotiation should be done via text.

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Real Estate Agent Real Estate Agents Business 357

Housing Wire

FEBRUARY 24, 2021

Digital notary startup Notarize is now offering free notarizations in an effort to eliminate racial covenants in title insurance documents. In 2018, the state of Washington passed a law making it easier for homeowners to modify these restrictive covenants, striking the discriminatory language from the title of their property.

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Law Real Estate Brokerage Contracts 334

Housing Wire

DECEMBER 21, 2023

The great news is that the program has undergone significant improvements, particularly after the Blue Water Navy Vietnam Veterans Act was signed into law in 2019. The VA approves and contracts with local appraisal professionals to ensure a seamless process. A lot has changed and it’s time to remove the stigma.

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Mortgage Renovations Appraisal Process Finance 429

Housing Wire

DECEMBER 6, 2023

Address other important items, including relevant contact information for support professionals, such as legal counsel, insurance providers and emergency services. Many difficult situations involve legal and regulatory compliance in contract disputes, zoning violations, or tenant rights. Even better?

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Real Estate Legal Tenants Clients 391

Cleveland Appraisal Blog

JUNE 18, 2022

comparable sales, income, and cost), there are many other elements that may apply based on the statutes, case law, and procedural rules in a given state. This is why eminent domain appraisers often work closely with eminent domain attorneys to insure that these important concepts are fully understood and applied properly.

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Appraisal Law Development Valuation 309

The Colorado Real Estate Blog

MARCH 13, 2018

Commercial real estate laws are are complex because there is no one set of laws or regulations that apply to every situation. Companies and individuals involved in commercial real estate transactions in Colorado could be subject to federal, state, and local real estate regulations, insurance laws, or contract laws.

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Law Real Estate Contracts Insurance 36

Housing Wire

MARCH 29, 2023

After all, title insurance is only issued after the public records are thoroughly scrutinized. That means actions like slowing planned investments in technology, layoffs and the elimination of third-party provider or service contracts that aren’t deemed mission critical. She is also president of Real Estate Closing Path.

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Training Business Technology Insurance 303

Housing Wire

SEPTEMBER 25, 2023

Five days remain in the currently authorized National Flood Insurance Program (NFIP). When property owners invest in loss mitigation, they should be promised access to coverage and relief on their premiums,” Douglas Heller, director of insurance at the Consumer Federation of America , said to the Banking Committee earlier this month.

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Insurance Lending Mortgage Government 428

Raleigh Realty

AUGUST 17, 2021

Understanding Due Diligence and Earnest Money in North Carolina Real Estate When you go under contract on a home in North Carolina you are going to encounter terms like Due Diligence and Earnest Money. It's important to note that real estate contracts and laws change depending on what state you are in. Due Diligence: What Is it?

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Real Estate Real Estate Agent Contracts Inspection 148

Housing Wire

DECEMBER 20, 2021

The recent experience with state distribution of rental assistance and unemployment insurance is perhaps a preview of the challenges ahead. States, overwhelmed with claims and understaffed, also had problems paying unemployment insurance. Up to the task? Ron DeSantis wrote in a letter to the DEO on Oct. 15 recognizing the problem.

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Mortgage Government Contracts Insurance 330

Will Springer Realtor

JULY 12, 2023

Zoning restrictions, strict building code regulations, NIMBYism and onerous environmental laws have damaged the flow of new housing. Builders also remain cautious about condominium construction liability which can keep many insurance companies from writing building-defect policies. fourth-floor home for $1.72M ($1387/sq.

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Supply Chain Construction Law Development 28

The Robert Weiler Company

MARCH 29, 2023

Also, you can sometimes obtain maintenance services at a discounted rate when the work is contracted through the property management company. Professional property manager companies ensure their staff is proficient in fair housing laws and other rental laws. Reduce legal concerns. What is their pricing breakdown?

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Property Management Tenants Real Estate Investors 78

Housing Wire

MARCH 14, 2022

As the principal broker for a RE/MAX franchise in coastal Cannon Beach, Oregon, Alaina Giguiere’s typical responsibilities include marketing homes for sellers, touring homes with buyers, generating new business leads, managing client relationships, and drafting and reviewing contracts with buyers and sellers.

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Real Estate Insurance Law Real Estate Agent 400

Raleigh Realty

FEBRUARY 19, 2022

The home appraisal is something you can negotiate prior to going under contract as well, or even while under contract. While there are different laws for different states, Fannie Mae has a general list of requirements on their site. It's one of the final steps after going under contract. Not a cent more.

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Appraisal Process Appraisal Construction Sellers 139

The Robert Weiler Company

OCTOBER 15, 2021

Another mistake – perhaps one of the more obvious (and, consequently, most detrimental) mistakes – is contracting the commercial property for sale in your personal name. A record of insurance information, including existing policies and any pending or previous claims made against the commercial property. in decades.

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Investing Real Estate Tenants Investors 138

Movoto

JANUARY 28, 2022

In addition to rental rates, deciding who covers utilities, insurance implications, and lease terms, there are other things you need to be aware of that aren’t as obvious. You could face fines and other problems if you’re supposed to be following city zoning laws and fail to do so. Determine zoning regulations on occupancy limits.

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HOA Tenants Landlords Law 48

The Robert Weiler Company

JANUARY 9, 2022

Learn the leasing laws in Ohio. Most commercial for lease are gross leases, meaning it’s all-inclusive in the sense that the tenant pays one sum, while the taxes, insurance, and maintenance is the responsibility of the landlord; however, some leases do vary. Insurance provisions. Guidelines for the use of the property.

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Tenants Landlords Real Estate Property Management 78

Miller Samuel

FEBRUARY 12, 2019

Miller measures listing discount by the percent difference between the contract price and the price that the property was listed for sale at the time of contract – not when it was first listed). The most recent asking price is “really the moment the property entered the market,” he said. That process can take time.

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Marketing Real Estate Appraisal Sellers 221

Eppraisal

JANUARY 23, 2024

    Contractor Con Artists Each state has its own laws, but contractors must provide proof of licensure and insurance before starting home renovations. Understanding typical costs for your area will help you seek more competitive pricing.

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Legal Real Estate Agent Lending Real Estate 36

McKissock

SEPTEMBER 20, 2021

Keep reading to learn how to improve real estate risk management, and avoid getting into trouble with the law, by putting your clients’ interests first. Article 13 prevents a Realtor® from practicing law or recommending a lawyer to any party requiring legal counsel. Overview of NAR Code of Ethics: Articles 1–13.

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Real Estate Clients Real Estate Agent Realtors 58

Appraisal Today

JUNE 23, 2023

Attorney Peter Christensen, general counsel at the Christensen Law Firm in Bozeman, Montana, notes that lawsuits against individual residential appraisers, or small residential AMCs, are fairly rare, and successful suits rarer still. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 6.74

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Appraisal Real Estate Valuation Contracts 87

Will Springer Realtor

MARCH 1, 2022

In that case, buyers walk away from the home and typically walk away from their earnest money deposit (up to 5% of the offer price, based on Washington law). Should they back out of a deal and share inspection-related details, buyer/broker may be in hot water for breaking Washington real estate law.

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Inspection Buyers Sellers Real Estate 36

Appraisal Today

FEBRUARY 10, 2023

Instead, Horowitz would personally select one of a small number of his preferred appraisers for any given appraisal request… It thus became apparent to Andrews that Horowitz was engaged in a widespread scheme in violation of federal law by assigning appraisals to appraisers who would appraise values at requested values in exchange for order flow.

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Appraisal Contracts Architecture Mortgage 52

Housing Wire

MARCH 7, 2022

In a forthcoming paper for Florida Law Review, law professors Juliet Moringiello at Widener University Commonwealth and Christopher Odinet at the University of Iowa studied NFTs potential in real estate. A deed transfer often includes the new owner ensuring they are the property holder through title insurance.

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Real Estate Law Inspection Agents 464

Housing Wire

OCTOBER 25, 2022

of transactions had issues leading to wire and title fraud risk at closing and 5% of transactions were not registered or valid in title insurer systems at time of closing. With the contraction in market transaction volumes, the impact is that much more severe for lenders. Risk prevention and education. How FundingShield can help.

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Insurance Clients Agents Tools 323

PennyMac

JUNE 28, 2022

This fee will cover the attorney preparing and reviewing agreements and contracts. State laws will usually dictate who is legally responsible for overseeing the closing. An escrow account is a special account that holds money for property taxes, premiums, homeowners insurance and mortgage insurance. Homeowners Insurance.

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Insurance Property Taxes Sellers Inspection 36

Listing Spark

DECEMBER 15, 2022

It usually involves wrapping the existing mortgage and obtaining title insurance from a title company. When doing a wrap, the hardest part is getting insurance in order to satisfy due on sale calls. If you’re doing a wrap, the number one thing is insurance. Key takeaways. [00:03:41]

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Finance Investing Real Estate Lending 36

Appraisal Today

APRIL 21, 2023

2 Lenders require appraisers to carry E&O insurance because they routinely seek to hold appraisers responsible for loan losses. Experts in mortgage law say this is an important redlining case for mortgage originators, because it points to a financial institution ignoring non- and limited-English speakers. percent from 6.30

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Appraisal Contracts Modernization Mortgage 52

Will Springer Realtor

OCTOBER 11, 2023

Zoning laws in the U.S. The laws also play a role in community planning. The first successful zoning laws were established in 1916 to determine building heights in New York City, soon followed by the zoning of residential and business districts. The laws can be a double-edged sword.

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Law Development Design Government 36

Housing Wire

MAY 25, 2022

Other relief sought includes an order requiring Lakeview to protect, via encryption, all data collected in accordance with federal and state laws. a San Antonio, Texas-based law firm specializing in civil litigation, civil appeals and real estate law. 27, 2021, to Dec. All but one case is already filed in U.S.

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Law Real Estate Clients Mortgage 408

Birmingham Appraisal

SEPTEMBER 15, 2022

Other nontraditional uses for an appraisal include valuation for insurance companies, helping sellers arrive at a market value to list their home, estate planning, and tax appeals. The bank is required by law to provide a copy of the appraisal report to the borrower. What If The Appraisal Is Less Than The Contract?

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Appraisal Inspection Appraisal Process Real Estate Agent 90

Housing Wire

APRIL 9, 2024

Almost every state, county and municipality has its own, unique set of real estate customs, laws and regulations. It’s not the first thing one thinks about when signing a sales contract on a new home, but when it’s poorly handled, those disparate or undiscovered requirements can derail an otherwise smooth closing process.

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HOA Real Estate Technology Investors 357

CA Realty Training

JUNE 16, 2021

One of the biggest duties of a property manager is handling rental contracts. These two are essential to know your business complies with laws and regulations. From there, you will need to set up your Errors and Omissions Insurance. The Errors and Omissions Insurance covers you in case you get sued or enter a legal quagmire.

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Property Management Tenants Real Estate Brokerage 38

Miller Samuel

MARCH 19, 2019

This proposed NYC "pied-a-terre" tax law has a name that infers it concerns " pied-a-terres " when in fact that property type is but one part of the property types that are impacted. January: The closing of the $238,000,000 Manhattan condo sale in January (2015 contract). I'm sorry about the length of this piece but please read on.

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Real Estate Law Development Investors 370