Keyword: lawsuit

Court reverses dismissal of discrimination case against Countrywide

Court reverses dismissal of discrimination case against Countrywide

Appeals court rejects dismissal Barely two weeks after Bank of America-owned Countrywide settled with the U.S. Department of Justice for $335 for steering minorities into costlier loans, the largest residential discriminiation settlement in U.S. history, the lender has had another legal setback. Today, the 9th U.S. Circuit Court of Appeals in California ordered Countrywide to face a lawsuit by Victor ...

Tara Steele | 2012/01/02  | 7 Comments News

Consumers awarded $2.4 million in anti-trust lawsuit against MLS and Brokers

Consumers awarded $2.4 million in anti-trust lawsuit against MLS and Brokers

Logue vs. Pennsylvania real estate players Pennsylvania homeowner Thomas Logue filed a class action lawsuit in April 2010, alleging that a group of real estate brokerages and a local MLS (and its board of directors) conspired to keep broker commissions artificially high by limiting competition among companies, according to court documents. The area real estate companies stifled competition by keeping ...

Tara Steele | 2011/11/07  | 54 Comments News

District Attorney sues Mortgage Electronic Registration Systems (MERS)

District Attorney sues Mortgage Electronic Registration Systems (MERS)

Large city files suit Mortgage Electronic Registration Systems Inc. (MERS) bowed out of facilitating foreclosures this July after various investigations including a federal investigation and judges ruling that MERS never owned the loans they were facilitating foreclosures for, therefore their authority to facilitate has been denied in several courts. MERS and Bank of America Corporation are being sued by Dallas ...

Tara Steele | 2011/09/27  | 18 Comments Economy

Would the real Zebra, please stand up? Realtor, blogger, sued

Would the real Zebra, please stand up? Realtor, blogger, sued

Daniel Rothamel, popular blogger, Realtor, and friend to many was sued on Febuary 22, 2011 in Seattle District Court demanding relief in regards to Rothamel’s use of the Zebra stripes “trade dress” violations. The suit alleges that Rothamel and the Strong Team Realtors have violated their trademark by using the zebra stripes and alleges use of their trademark “was and ...

Benn Rosales | 2011/02/26  | 24 Comments Editorials

Opening the floodgates of Realtor liability

Opening the floodgates of Realtor liability

The Hutchinson News in Hutchinson, Kansas, recently posted an article about a couple who bought a home for $300,000 and found themselves with a $900,000 bill (let me just grab my checkbook…) due to a dam on their property that needs major repairs.  The buyers thought that repair and maintenance was the responsibility of the government because it’s construction facilitated ...

Jonathan Benya | 2010/08/18  | 22 Comments Editorials

Agent Gets Sued by Buyer After Home Loses Value

Agent Gets Sued by Buyer After Home Loses Value

I am not a Real Estate Agent and I certainly don’t play one on T.V. But this piece of news coming out of California caught my attention: CARLSBAD, Calif. — Marty Ummel believes she paid too much for her house. So do millions of other people who bought at the peak of the housing boom. What makes Ummel different is ...

Shailesh Ghimire | 2008/01/22  | 14 Comments Real Estate