FW: Inman AM: $5.5M in refunds settles kickbacks lawsuit

 

 

Mark Daniel Adamczyk / Realtor
Office: 407-909-9331
Cell: 407-949-1916
Mark@ItsYourSale.com

 

http://www.ItsYourSale.com

 

From: Inman News Headlines [mailto:dailynews@inman.com]
Sent: Wednesday, July 15, 2009 6:59 AM
To: mark@itsyoursale.com
Subject: Inman AM: $5.5M in refunds settles kickbacks lawsuit

 

ADVERTISEMENT Enhance efficiencies and surpass the competition with LPS Applied Analytics’ CompLocator, a state-of-the-art search engine that generates high-quality sales comparable reports. Click Here or call 877.436.3282 to get your free trial today. TODAY'S TOP STORIES = Premium Member News - Join Now » Wednesday, July 15, 2009 $5.5M in refunds settles kickbacks lawsuit Refund checks are in the mail to more than 50,000 Californians who allegedly overpaid for natural hazard disclosure reports because the real estate brokerages that listed their homes were taking kickbacks from the company producing the reports. A total of $5.5 million in refunds are being paid out to consumers under the terms of a class-action lawsuit settlement. But the lawyers who filed the case ended up taking home nearly twice that much: $9.47 million in attorneys' fees plus $363,000 in expenses, or $9.83 million in total. More » Posterous simplifies social media Save time while building your Web presence Brokers need social media guidelines Essay Contest: Real estate and social media marketing Imagine a world without landlords From Curbed.com blog OTHER TOP STORIES A plan for a mortgage-crisis-free future Book Review: 'Confessions of a Subprime Lender' Is homeownership 'over'? House Keys Freddie Mac: Sales bottomed in Q1 Steady gains projected for rest of this year, next Can online home-pricing tools get it right? Determining an accurate listing price Flipper sets bait for money trap Will neighbor warn unsuspecting buyers about property defects? Latest News » NOTABLE QUOTE "The false idea that the low end of the value range brought about by foreclosures and short sales should be discounted and not used is a favorite belief of agents pushing for higher-than-current-market-value sales." --Barry Noble	ADVERTISEMENT Never put a buyer in your car again. Here’s how to make them do all the work to find the home they’ll buy, despite the fact that they will happily pay you upfront for your services. CLICK HERE to read more. MOST E-MAILED Signs of life in jumbo lending Freddie Mac issues appraisal bulletin A stickier real estate Web site ADVERTISEMENT Want to Know What's on Brad Inman's Mind? You can now follow him on Twitter @BradInman
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