A dream home with an attached legal nightmare
"The sellers of the home moved out of state and had the house for sale. They signed the agreement from our offer and then just went radio silent and were unwilling to move forward with the process after they accepted the offer," Noah Arens said. "So we went through the process of trying to serve in person, and that seemed like it was not going to happen. It took a long time, the days and weeks kept adding up."
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Thibodaux man behind embattled CivicSource arrested for allegedly impersonating officer
Barrios is the owner of CivicSource, a company that handles online tax-delinquent property auctions for local governments. According to NOLA.com, CivicSource is facing multiple lawsuits, millions of dollars in court judgments and an FBI investigation. New Orleans officials have accused the company of failing to turn over millions of dollars in auction proceeds owed to the city and property buyers. Officials in other states have also accused the company of withholding auction proceeds.
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Attorney Marc Rovner on the patchwork of state title insurance rules confusing buyers
Asked what single change he'd make to title insurance regulation nationally, Attorney Marc Evan Rovner didn't hesitate. "Everything varies so much state to state, and there's no continuity, and we're in different states, and it just gets too confusing for the end-use consumer," he said. Rovner is General Counsel and Director of Business Development at Beta Abstract LLC, a multi-state title company operating across New York, New Jersey, Florida and Connecticut. He's spent more than 38 years watching buyers hit the same wall: the rules that govern their closing depend entirely on which side of a state line the property sits.
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Good News For Everyone, AI Can't Close a Real Estate Deal
AI can brighten a room, erase clutter, swap out furniture, even conjure a fireplace that doesn't exist. The use of the technology has become so pervasive in real estate listings that legislators are taking notice-with California and Wisconsin already requiring disclosures-as buyers and renters increasingly discover that what they saw online bears little resemblance to what they find in person.
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Here's the latest sticker shock: Borrowing for a mortgage - or a car
Rate hikes from the Federal Reserve filter through the economy and are meant to slow down consumer and business spending by making people hesitant to take out a more expensive loan to pay for a car or a home - both essential purchases for many people. "If you need to borrow, boy, it's really not a good time," says John Diamond, senior director of the Center for Tax and Budget Policy at the Baker Institute.
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Supreme Court Takes Next Step Toward Resolving National Bank Act Preemption Split, Inviting Solicitor General's Views in Cantero
The Supreme Court yesterday took an important step toward resolving the growing uncertainty over the scope of National Bank Act preemption. In an order issued October 5, the Court invited the Solicitor General to file briefs expressing the views of the United States in three cases involving state laws requiring national banks to pay interest on mortgage escrow accounts: Cantero v. Bank of America, N.A., No. 25-1313; Citizens Bank, N.A. v. Conti, No. 25-1004; and Flagstar Bank, N.A. v. Kivett, No. 25-1350.
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