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Anywhere faces racketeering charges in Minnesota lawsuit

Housing Wire

They allegedly withheld the earnest money deposit and misused equitable title by delaying the cancelation of the deal and using their partial claim on the property to extort money from the Campolis. This included pursuing a sham lawsuit and withholding evidence to avoid exposing their alleged scheme.

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CoreLogic announces strategic partnership with Earnnest

Housing Wire

Through the Earnnest platform, users can securely and efficiently conduct digital transfers of earnest money deposits, eliminating the need for traditional checks and wire transfers. Joining CoreLogic’s Real Estate Alliance Network is a significant milestone for Earnnest. International.

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How to Avoid Losing Earnest Money Deposit When Buying a Home

RIS Media

Buying a home involves multiple steps, including providing an earnest money deposit. This deposit is a sign of good faith between the buyer and seller. However, losing this deposit can be a significant financial setback. It indicates the buyer’s commitment to purchasing the property.

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Qualia launches wire fraud protection product

Housing Wire

Qualia on Tuesday said the new product provides closing agents with the ability to securely collect and share wire instructions with buyers and sellers, and it features systems for earnest money deposit collection, automated wire matching, wire-sending integrations, wire fraud detection , and seller ID verification.

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EXIT Realty partners with earnest money collection platform

Housing Wire

Earnnest, based in South Carolina , has reportedly facilitated more than 350,000 digital earnest money deposits with a total value of more than $2 billion since its inception in 2017. Exit Realty had 14 affiliates that closed at least 500 sides in 2023, according to RealTrends.

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Agent commissions are being negotiated more often, but it’s a ‘tale of two markets’

Housing Wire

Like with the amount of earnest money deposit or including an inspection contingency, the amount the buyer is asking the seller to pay her agent is a term that impacts the strength of the offer,” Redfin chief economist Daryl Fairweather said in a statement.

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From consultation to closing: The definitive homebuying checklist

Housing Wire

Walk your client through all the pieces of their offer, including price, inspection timelines, closing dates, contingencies and any due diligence or earnest money deposits. Youll want to start by reviewing a CMA to determine a fair value based on the current market conditions.

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