Ohio court finds that claims were not supported by the evidence, as the buyers had never confirmed that mold actually existed on the property.
If Congress doesn't act, foreclosures will rise, home values will drop, and the FHA could get hit with another set of bad loans.
Wisconsin court rules that purchaser could not allege harm by the association for the marketing materials prepared by a real estate professional.
A federal appeals court has ruled in favor of major credit agencies in a case that involved a lawsuit filed by five Ohio pension funds that sought to recoup millions of dollars of losses on risky mortgage debt.
A Connecticut court sends a dispute to a REALTOR® association for a hearing and stays a lawsuit between two members fighting over a commission.
A Minnesota federal court has considered whether a multiple listing service was entitled to receive a preliminary injunction for copyright infringement against the company that operates NeighborCity.com for its reposting of the MLS’s copyrighted listing data without permission.
Presentations and materials from the notebook that is distributed at the legal seminar program are available here.
Illinois court rejects challenge brought by a member who was disciplined for threatening litigation against a consumer who had filed a complaint.
More trouble for Bank of America: Federal prosecutors have filed a $1 billion lawsuit against the company, alleging the bank issued "thousands" of bad loans and stuck taxpayers with the bill.
Recent media reports have suggested that the FHFA, Fannie Mae, and Freddie Mac will start to take severe legal action against strategic defaulters. But are mortgage cops really going to chase down these individuals with the goal of locking them up?