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Reffkin trades in Compass stock for $7M cash bonus

Housing Wire

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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Title insurers reckon with attorney opinion letters

Housing Wire

Daniel Wold, ALTA’s president, added: “We will continue speaking out against alternatives to title, which pose an even greater risk to the housing finance system.”. If the buyer is unable to prove negligence on the part of the attorney, the claimant would likely need to pay the legal costs involved to litigate the title matter.

Insurance 307
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5 Negotiation Secrets Smart Buyers Use to Get Better Deals

Berkshire Hathaway

Successful real estate negotiation begins by knowing what you are looking for exactly. 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.

Buyers 49
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Streamlining subsidies to build more affordable housing

Housing Wire

To build market-rate housing, project financing is relatively straightforward, typically requiring a mix of private equity and debt. Financing affordable housing projects requires developers to put together a mix of funding from local, state, and federal sources, private equity, and philanthropy, in the form of tax credits, loans, and grants.