Effective January 1, 2013 California adopted what is known as the California Homeowner Bill of Rights. The stated purpose of the new law is to ensure fair lending and borrowing practices for California homeowners. Some of the provisions of the new … [Read more...]
Foreclosure – Expansion of Homeowner Rights In Arizona
The Arizona Court of Appeals, in a recent decision, clarified the right of a homeowner to legally remain in their home following a foreclosure during the pendency of an appeal concerning the foreclosure. This was the first time that this issue has … [Read more...]
Brokers Beware!
In a 2013 case, the Ohio Court of Appeals considered the questions of whether a brokerage firm was vicariously liable for the intentional fraudulent activities of a salesperson of the firm which agent had contracted with the brokerage firm to act as … [Read more...]
DAMAGES AGAINST HOMEBUILDER – NEW CHANGE IN ARIZONA LAW
In Arizona, pursuant to what the courts call the ‘economic loss doctrine’, a person(s) acquiring a new home from a builder is generally precluded from bringing a claim of negligence against the home builder for any defective construction. The owner … [Read more...]
AfBAs BACK IN THE NEWS
What is an AfBA First, what is an AfBA? It is short for Affiliated Business Arrangement. Such arrangements exist in the real estate business. For instance, a real estate company enters into a business arrangement with a title insurance company to … [Read more...]
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