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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’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 381
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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.

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Going to Extremes

Appraisal Buzz

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. Currently, the only climate-related information on the report is the flood map. You may be wondering how this all trickles down to the appraisal report.

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Two Southern banks complete mortgage eNote transfer

Housing Wire

eNotes contain the same information as a traditional mortgage note – on paper – but they are created, signed and stored digitally. Full e-Closings reduce the use of paper, legal fees, mailing and courier costs. Going forward, FHLBank Atlanta will accept all eNotes, per bank officials.

Mortgage 244
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Title insurers reckon with attorney opinion letters

Housing Wire

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.”. We are protecting the American Dream,” Tomb said.

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Selling Your Home Due to a Divorce

Eppraisal

There is an informative article on co-ownership on divorce.net, written by Ann O'Connell, Continuing to Co-Own the House After a Divorce. 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.