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Judge Denies New Jersey Towns’ Injunction Request on Affordable Housing Mandate

Judge Denies New Jersey Towns’ Injunction Request on Affordable Housing Mandate

by Phil Hall | Jan 3, 2025 | Current News & Events, Market Snapshot, Real Estate News, WRE News Exclusive

A New Jersey judge rejected a request from 26 towns for an injunction to halt the state’s affordable housing development process while their lawsuit challenging the state requirements is decided. The towns sued in October to void a state law the created guidelines for...
Now-Defunct Success Real Estate Sued by Former Agents

Now-Defunct Success Real Estate Sued by Former Agents

by Phil Hall | Dec 31, 2024 | Current News & Events, Market Snapshot, Real Estate News, WRE News Exclusive

Twelve former agents with Massachusetts’ Success Real Estate have sued the company, which abruptly shut down two weeks ago, and its owner Stephen Webster. According to coverage in The Patriot-Ledger, the agents said they are owed hundreds of thousands of dollars in...
CFPB Sues Rocket Homes and Jason Mitchell Group Over Alleged Steering and Illegal Kickbacks

CFPB Sues Rocket Homes and Jason Mitchell Group Over Alleged Steering and Illegal Kickbacks

by Phil Hall | Dec 24, 2024 | Current News & Events, Market Snapshot, Real Estate News, WRE News Exclusive

The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against Rocket Homes, an affiliate of Rocket Companies Inc. (NYSE: RKT), that accuses the company of providing incentives to real estate brokers and agents in exchange for steering homebuyers to...
Now-Defunct Success Real Estate Sued by Former Agents

Real Estate Group Sues to Halt NYC’s Ban on Broker Fees

by Phil Hall | Dec 17, 2024 | Current News & Events, Market Snapshot, Real Estate News, WRE News Exclusive

The Real Estate Board of New York (REBNY), a lobby group representing New York City brokerages and landlords, has filed a lawsuit in federal court to block a new law that would end the local practice of tenants paying upfront broker fees to agents who list apartments...
Real Estate Investor Sued for Non-Payment on $28 Million Artwork

Real Estate Investor Sued for Non-Payment on $28 Million Artwork

by Phil Hall | Dec 17, 2024 | Current News & Events, Market Snapshot, Real Estate Investing, Real Estate News, WRE News Exclusive

An Italian real estate investor is at the center of an art world scandal for buying an 18th century painting at a record price and allegedly refusing to pay for it. Art News reports that the Christie’s auction house filed a lawsuit in Paris against Nanni Bassani...
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