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Tag Archives: mortgages

Finder’s fee lawsuit must be filed in 3 years, not 12 (access required)

In a blow to Maryland homebuyers, the state’s top court has unanimously ruled that mortgage borrowers have just three years in which to sue mortgage brokers who allegedly failed to disclose they charged and collected finders’ fees for their brokerage services.

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Banks fall short in helping struggling homeowners

WASHINGTON — Homeowners trying to avoid foreclosure must wait too long for their loan modification applications to be reviewed by some of the nation’s top mortgage servicers, according to a report released Wednesday. Such delays can plunge borrowers deeper in ...

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Realities of Real Estate: Just what is normal? (access required)

Our first Realities of Real Estate column was published in September 2008. It was an exciting, or as some might put it, a terrifying time to write about real estate. During that month, the financial markets began to unravel when they could no longer contain the pressure released by a bursting real estate bubble. Lehman Brothers filed for Chapter 11, and a few days later, the stock market experienced its largest point drop ever, falling almost 780 points in a single day.

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Realities of Real Estate: Who agents represent and how they get paid (access required)

How agents can represent someone varies from state to state, and depending which real estate company you employ, specific buyer or listing agent agreements can also vary. In the past, agents only represented the seller, and that was it. Today, it’s very different.

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