An Ohio borrower accused her servicer of erroneously increasing her monthly escrow fees and then failing to respond to her notice of errors to remedy the issue. The borrower alleged she suffered financial and emotional damages from the alleged RESPA and TILA violations. The servicer argued it did not cause the plaintiff’s alleged injuries.
A federal judge has dismissed a counterclaim filed by the National Association of Realtors (NAR) against a real estate technology company. NAR argued REX has harmed the trade group with allegedly false claims that REX offers low commissions and has superior technology, that NAR has artificially inflated commissions and hindered the development of technology for home listings, and that NAR has engaged in unlawful or unfair conduct.
A Chester, Va., man alleged his servicer violated TRID throughout a 2016 foreclosure on his property. The borrower claimed the servicer failed to properly review and process his loss-mitigation application, charged him excess fees without explanation and failed to credit him surplus proceeds from the foreclosure sale. The servicer argued the borrower’s claims are time barred. Read on to see how a judge ruled.
A Virginia man claimed his servicer violated RESPA by not properly responding to his request for information (RFI) on his mortgage loan while he served a jail sentence. In its motion to dismiss, the servicer argued it had no duty to respond because the letter was a “request for leniency” – not a true RFI. Read on to see how the court ruled.
A Georgia man accused his servicer of charging him forced-placed hazard insurance fees even though he had his own coverage. The servicer argued it had a reasonable basis for obtaining force-placed insurance on the borrower’s property. Read on for the latest in the case.
The National Association of Realtors (NAR) has filed an amicus brief with the U.S. Supreme Court in a copyright dispute over floor plans. “The Eighth Circuit’s decision not only puts countless consumers at risk of costly, burdensome litigation for making a floor plan of their own home, but it also strains a key sector of America’s economy and threatens a critical tool of transparency for potential home buyers,” NAR General Counsel Katie Johnson wrote in the brief.
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