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EasyKnock under fire for “deceptive” sale-leaseback practices in Massachusetts

Housing Wire

Campbell’s office claims that EasyKnock “engaged in an unfair and deceptive equity-skimming scheme that involved purchasing the homes of cash-strapped consumers at bargain-basement prices and then renting them back to the consumers, at times for unfair rents,” in violation of the state’s consumer protection law.

Tenants 404
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Yardi’s rent-setting software illegally drove rent prices up for millions of renters: lawsuit

Housing Wire

accusing them of violating antitrust laws. By outsourcing the management of rental pricing to RENTmaximiser, Yardi’s rent-setting tool, property management companies failed in complying with the antitrust laws, according to the lawsuit.

Landlords 412
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Zillow to list housing discrimination protections

Housing Wire

Rentals listed on Zillow will now show whether or not they lie in a jurisdiction with local laws protecting renters from discrimination based on the use of Housing Choice Vouchers. The app also lists any local laws protecting renters who use veteran’s benefits or Social Security insurance payments to pay their rent.

Landlords 466
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6 things landlords need to know before breaking a lease

Inman

A signed lease is a binding legal agreement that can’t be broken — except in the few exceptions when it can. Here are some common scenarios to watch for as a landlord or a real estate investor.

Landlords 146
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DOJ, CFPB put mortgage servicers “on notice” after veterans’ complaints

Housing Wire

Department of Justice (DOJ) and the Consumer Financial Protection Bureau (CFPB) said they are watching to ensure mortgage servicers fully comply with federal laws. The agencies also sent a letter to landlords and housing providers.

Landlords 411
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Federal agency members voice support for new CRA rules 

Housing Wire

Federal Reserve vice chair for supervision Michael Barr said that the CRA rules were put in place in 1977 as part of a series of laws written in a way that permits bank agencies to meet periodically to revise them, as happened in 1995.

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Real estate industry is in flux after shocking guilty verdict in commission lawsuit trial

Housing Wire

One thing possibly preventing Bough from taking the second option is a specific Missouri state law , which allows for a seller or landlord to “agree that a designated broker may share with another designated broker the compensation paid by the seller or landlord.” It is implied in RESPA as well,” Trepeta said.