Case of the TBD Escrow Agent
A dispute over a late escrow deposit centered on one missing contract detail: the seller never named the escrow agent. This case shows how leaving an escrow agent listed as “TBD” can turn a simple deadline issue into years of litigation and attorney fees.
HUD changes guidance on emotional support animals
HUD’s new guidance narrows how the agency will handle emotional support animal complaints under the Fair Housing Act, but NAR says housing providers should be careful before changing policies. Courts, state agencies and local fair housing laws may still treat the issue differently.
FHA changes could help buyers, rehab deals
FHA policy changes could give some buyers more flexibility on repairs, appraisals and financing, while keeping property condition, repair costs and lender timelines central to the transaction.
Pricing missteps cost sellers at closing, data shows
Homes that linger on the market for 18 weeks close 1.3 percentage points below asking, compared to 1.8 points above for those sold near week four, according to a Realtor.com analysis of national listing performance.