Real Estate

Former RE/MAX CEO David Liniger violated company policies by loaning millions to successor

Investigation also finds that Liniger was not compliant with work conduct policies
An internal investigation found that David Liniger, the founder and former CEO of RE/MAX, violated company policies by loaning millions of dollars to his eventual successor. Liniger and Contos confirmed the existence of a $2.375 million loan that Liniger provided to Adam Contos, who then used the money to purchase a residence at a below market interest rate.
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Terwilliger Foundation partners with Enterprise Community Partners to improve economic mobility

Foundation providing $3 million grant
Aiming to help low-income families move up the economic ladder, the J. Ronald Terwilliger Foundation for Housing America’s Families is giving $3 million to Enterprise Community Partners, a nonprofit that designs and builds affordable housing. The grant is designed to create “innovative, integrated approaches” in areas like job training and healthcare that can increase economic mobility.
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Flat-fee real estate company Home Bay expands to Texas

Now available in five states
In July, Home Bay, a San Diego-based startup that offers real estate services for a flat fee, announced that it raised $5 million to fund its expansion beyond California. Since then, Home Bay has expanded to Florida, Illinois, and Georgia. And now, Home Bay is available in Texas as well.
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Sponsored By
Auction.com

How transparency drives better results in foreclosure sales

Buyers and sellers gain confidence through Auction.com
As the largest real estate marketplace, Auction.com has worked to reduce the overall loss severity through the application of innovative technologies and a data-driven approach that optimizes the real estate disposition experience for buyers and sellers. In the process, we’ve been able to provide transparency through these approaches that mutually benefit the buyers and sellers and create a healthy and scalable marketplace.
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These metros saw the most homebuilding activity in 2017

Top metros building up, not out
Homebuilding saw a pickup near the end of 2017 and is even expected to fuel the housing market in 2018 as it rises to a post-recession high. But which metros came out on top as having the most homebuilding activity in 2017? Trulia conducted a new study to find out.
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HUD awards $35 million to promote housing independence

Service coordinators to help low-income residents find jobs, educational opportunities
In order to help low-income residents earn housing independence, the U.S. Department of Housing and Urban Development announced an award of $35 million. HUD claims the funding will help housing organizations hire or retain service coordinators who help residents find jobs, educational opportunities and help residents achieve economic and housing independence.
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Four Californians accused of running mortgage fraud scheme that targeted minorities

Face a total of 194 counts
Four Californians face a total of 194 charges for allegedly operating a mortgage fraud scheme that preyed on distressed minority borrowers who were seeking help with paying off their mortgages. According to the indictment, between 2012 and 2017, they used a fake insurance company called SafeCare, claiming to offer mortgage aid to primarily minority families for a low monthly fee.
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U.S. takes 4th place in renter population growth

But only one country currently holds a renter-majority population
The U.S. isn’t the only nation that’s seen an increase in renters and decrease in homeownership over a period of five years from 2010 to 2015. In fact, one country even saw a switch from a homeowner dominated population to a renter population during that time period.
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