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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 375
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Keller Williams faces three lawsuits tied to its profit-sharing program 

Housing Wire

Hill — have taken legal action against the real estate brokerage by filing three separate class-action lawsuits, Inman first reported on Tuesday. Allegations include breach of contract and unjust enrichment, with damages sought at $250 million. Three agents formerly affiliated with Keller Williams Realty — Jerri L. Moulder, David L.

Brokerage 499
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What Is a Land Contract In Ohio? Full Guide [2021 Update]

The Robert Weiler Company

Are you familiar with a land contract in Ohio, as well as the state-specific requirements? What is a land contract in Ohio, really? Essentially, a land contract is an alternative financing option if you’re investing in: Farmland or raw land. So, what is a land contract agreement, and how does it work? A home or condo.

Contracts 143
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Ginnie Mae fires back over RMF lending suit, seeks case dismissal

Housing Wire

When [RMF] defaulted on its obligations, GNMA exercised its right to extinguish RMF’s interest in certain mortgages in order to ensure the timely payment to investors in securities backed by those mortgages,” the filing reads. District Court for the District of Delaware.

Lending 393
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EPM files a counterclaim against Jesse Iwuji Motorsports

Housing Wire

Equity Prime Mortgage (EPM) filed a counterclaim against Jesse Iwuji Motorsports (JIM) last week for allegedly breaching a sponsorship contract. The stock car team is also accusing EPM of breaching the contract by failing to make more than $4 million in sponsorship payments following a “margin call” from its investors.

Legal 288
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Crisis management in real estate: 8 tips for handling difficult situations

Housing Wire

Consider the residential client disappointed at the lack of inventory , or the commercial investor with many vacancies in a once-thriving property. Legal disputes. Address other important items, including relevant contact information for support professionals, such as legal counsel, insurance providers and emergency services.

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New Wave sues Sprout for defaulting on $32M purchase of mortgages

Housing Wire

District Court of Southern District of New York against Sprout Mortgage and Sprout Mortgage Asset Trust for fraud, breach of contract, promissory estoppel and unjust enrichment. New Wave said it requested bids from multiple investors from Jan. 20, 2022, to Feb.

Mortgage 365