Posts tagged Real Estate
Loan Renegotiation is "New Phase" in Lending Relationship, May be Considered in whether Lender Breached Duty of Care

Back in March, a California Bankruptcy Court ruled “Franz Kafka lives [and] he works at Bank of America,” describing the bank as “heartless” in improperly foreclosing on houses, and summarized the homeowners’ ordeal with the bank as a “Kafkaesque nightmare.”

Now, closing out the year, a California Appeals Court has gotten in on the lender liability action. (Rossetta v. CitiMortgage Inc. (Dec. 18, 2017.)) This time the bank is CitiMortgage, and instead of improper foreclosures, the case involves an over two-year-long home loan modification application process.

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California Court of Appeal Reinstates Real Estate Brokerage Commission Lawsuit

In its recent decision in Jacobs v. Locatelli, H042292 (Feb. 8, 2017), the Sixth Circuit Court of Appeals held that when one of several real estate owners signs on behalf of the others, a claim for a brokerage commission is not automatically barred by the statute of frauds and the parol evidence rule.

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California Supreme Court Expands Fiduciary Duties Owed By Agents Associated With Dual Agents

In a unanimous decision that may have significant repercussions in the commercial real estate industry, the California Supreme Court held this week that real estate agents associated with brokers acting as dual agents owe the same fiduciary duties to both buyers and sellers as their brokers.

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