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DOL accuses PrimeLending of violating whistleblower provisions

Housing Wire

A spokesperson at PrimeLending wrote to HousingWire that the company disagrees with the findings, intends to appeal them, and request a hearing before an Administrative Law Judge. According to the DOL, they must pay $35,000 in emotional damages and the legal fees of the two employees who reported consumer fraud concerns.

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Two Southern banks complete mortgage eNote transfer

Housing Wire

An eNote is a digital version of the promissory note which must meet the requirements of electronic transaction laws. ” Navigating Closing Struggles in 2021’s Purchase Market. Full e-Closings reduce the use of paper, legal fees, mailing and courier costs.

Mortgage 246
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First-Time Homebuyers Incentive Changes: What You Need to Know

D Fritz Appraisals

You didn’t live in a home that you (or your current spouse or common-law partner) owned within the last 4 calendar years. Your marriage or common-law relationship has recently ended and you’re going through a separation or divorce requiring a division of assets. Note: the 4-year period begins on January 1 of the fourth year. .

Insurance 142
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Selling Your Home Due to a Divorce

Eppraisal

Currently, home values are still high, and the real estate market is still good. 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. Be sure the attorney you choose also specializes in real estate law.

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How to Avoid Capital Gains Tax on a Home Sale

Will Springer Realtor

When they ultimately sell, the gain may extend beyond the federal tax law’s maximum exclusion amounts on capital gains of $250,000 for single filers and $500,000 for married couples. Understanding the Capital Gains Problem Many homeowners who purchased their homes long ago have seen huge gains in the value of their residences.

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Do I Need a Property Manager to Rent My Single Family Home?

Eppraisal

Depending on home value in the real estate market, this task can be pleasant and quick or, on the other hand, arduous and extended. Leasing can sometimes take an entire month's rent while renewal often hovers around $200 as a fixed fee, assuming a monthly rent of $2,000. Maintenance and legal fees vary according to the job done.