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Builders apply the brakes amid canceled contracts

Housing Wire

For the builders, they have a new problem: they had homes under contract and then mortgage rates jumped in the biggest fashion ever recorded in history. If the builders could, they would take some of the past contracts back, but they’re just stuck with these homes. I personally wouldn’t do it.

Contracts 543
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Motto sues UMortgage for ‘tortious interference’ in franchise contract

Housing Wire

Denver-based brokerage franchise Motto Mortgage , owned by RE/MAX , has accused broker shop UMortgage of “tortious interference” in its contract with a former franchisee called TRB Solutions, whose controlling member was Breon Price, the top-producing loan officer. According to a lawsuit filed in March in a U.S

Contracts 374
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FirstFunding sues Sprout for breaching of contract

Housing Wire

Consequently, the warehouse lender filed the lawsuit against Sprout on Wednesday for breaching the contract and injunction in the U.S. The post FirstFunding sues Sprout for breaching of contract appeared first on HousingWire. District Court for the Central District of California Southern Division.

Contracts 381
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A Contract is Born

The Appraiser Coach

What makes a contract a contract? Is it the legal prose, the professional typesetting, or the date across the top? I’m no lawyer, but my mentor once told me that. Read More.

Contracts 195
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Multiple offers? Here’s how to write a competitive contract and win

Inman

From financing to contingencies, Eric Bramlett walks you through creating a compelling contract to come out on top in multiple offer scenarios.

Contracts 160
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Buyers cancel contracts in droves as prices and interest rates soar

Inman

Nearly 60,000 home purchase contracts were canceled nationwide during August, according to Redfin's report.

Contracts 162
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US economy contracts in Q2, enters “technical recession”

Housing Wire

The housing market, in contraction largely due to the Fed ‘s tightening monetary policy, contributed to the decline in the GDP. The post US economy contracts in Q2, enters “technical recession” appeared first on HousingWire. Residential investment dropped at a 14% rate last quarter, contributing -0.7%

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