OFFICIAL MAGAZINE OF THE NATIONAL ASSOCIATION OF REALTORS®

Saturday

May 18, 2013

Law & Ethics: In Court Articles

Man Pleads Guilty to Bid Rigging at Auctions

Publish Date: Mon, 03/07/2011

A Northern California man is the fifth person in the Sacramento area to plead guilty in recent months to rigging bids at foreclosure auctions.

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Ex-Bank Exec Pleads Guilty in Billion-Dollar Scheme

Publish Date: Thu, 03/03/2011

A former Colonial Bank executive pleaded guilty to her role in covering up a billion-dollar scheme, which is considered one of the largest cases of fraud in the nationwide mortgage crisis.

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Investor's Claims Against Brokerage Fail

Publish Date: Tue, 03/01/2011

The Court of Appeals of Texas ruled, affirming the trial court on a real estate brokerage who purchased a property for its own investment portfolio and sold it for a profit didn't breach its fiduciary duty to a client who also wanted the property.

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Banks May Force Builders to Build

Publish Date: Wed, 01/12/2011

As part of an ongoing legal battle with a group of banks, some of the nation's largest builders may be forced to buy acres of desert near the Las Vegas Strip and develop it as was originally intended during the housing boom.

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Lenders May Be Not-So-Fast to Foreclosure

Publish Date: Tue, 01/11/2011

Following a recent court ruling in Massachusetts, lenders will likely think twice before foreclosing on a home owner, experts say.

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Banks Lose Pivotal Foreclosure Case

Publish Date: Mon, 01/10/2011

Massachusetts' highest court ruled against U.S. Bancorp and Wells Fargo & Co. in a mortgage foreclosure case that is expected to have broad implications for the nation's largest banks.

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Oregon Agent Pleads Guilty to Money Laundering

Publish Date: Wed, 01/05/2011

A Portland, Ore., real estate professional has pled guilty to money laundering, after arranging for a title company to pay a large sum of money for plumbing repairs in a home that were never completed.

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Drywall Insurance Coverage Still Possible

Publish Date: Mon, 01/03/2011

Attorneys say a ruling from a U.S. District judge in New Orleans concerning defective drywall may eliminate availability of home owners' insurance for the damage it causes.

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No Conspiracy Against Discount Firm

Publish Date: Sat, 01/01/2011

The U.S. District Court for the Northern District of Illinois dismissed a long-running antitrust lawsuit against a group of brokerages, ruling they didn’t conspire to harm a discount brokerage in their market area.

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Agent Found Liable for Short Sale Fraud

Publish Date: Wed, 09/01/2010

A Utah real estate agent was found guilty of fraud for steering his client into a short sale with a phony buyer and then later flipping the property for profit.

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