Uncategorized
July 29, 2014

Zillow and Trulia are Spending a Whole Lot of Money on Ads

This year, Zillow and Trulia are set to spend, collectively, about $110 million on advertising. That’s $65 million for Zillow, who captured roughly 16% of real estate-related search traffic from desktops last month, and $45 million for Trulia, who captured just over 8%. Each company is attempting to establish itself…
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Compliance
July 28, 2014

What Happens When You inherit a Home with a Mortgage? The CFPB Weighs In

Losing a loved one is never easy. Neither is dealing with assets, or debts, they’ve left behind. If a parent dies, and they owe money on a home loan, what happens to the heir that inherits the home? Often, the heir will want to keep the home, and may therefore…
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Market Statistics
July 25, 2014

Real Estate Stats You Need to Know Right Now

Did you know that there are over 133 million housing units in the United States? Did you know that there are over 2 million people working in the real estate business in the U.S.? Would you believe that online advertising spending for real estate is estimated to reach $16 billion…
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Uncategorized
July 25, 2014

WFG Continues Agency Growth in Southeast, Adding Veteran Development Professional

Nalbone to serve agents in Virginia and regional group Santa Barbara, CA July 24, 2014       WFG National Title Insurance Company (“WFG National Title”) has added Anthony Nalbone as Agency Sales Consultant serving the Southeast Region. WFG National Title is a full service provider of title insurance and real estate settlement…
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MarketingTechnology
July 25, 2014

Rumors Abound of Possible Zillow / Trulia Merger

Speculation has been swirling this week over a possible merger of Zillow and Trulia, the two largest consumer real estate websites, with a combined monthly visitor count of about 70 million. A group of six investors currently owns 42% of Zillow and 52% of Trulia, leading some experts to wonder…
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Compliance
July 24, 2014

The CFPB is Not Kidding Around About RESPA

The Consumer Finance Protection Bureau recently levied a $500,000 fine against a real estate company for failing to comply with RESPA disclosure law. The bold move was meant to demonstrate that the law is serious, and that punishment is real for those in violation. The Real Estate Settlement Procedures Act…
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Compliance
July 23, 2014

CFPB Wants Consumers to Publicly Voice Complaints About Financial Companies

The CFPB is looking to expand its ability to process complaints from individual consumers regarding financial institutions. It currently accepts complaints on many consumer financial products, including credit cards, mortgages, bank accounts, private student loans, vehicle and other consumer loans, credit reporting, money transfers, debt collection, and payday loans. “By…
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Uncategorized
July 22, 2014

WFG’s Kelly Elected to TIRSA

Five elected to board charged with setting New York title insurance rates New York, NY July 9, 2014    Michael Kelly of WFG National Title Insurance Company (WFG National Title) has been elected to the New York Title Insurance Rate Service Association (TIRSA). Working with the New York Department of Financial…
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Technology
July 21, 2014

Facebook Adding ‘Save’ Feature

If you’re like me, you see all sorts of articles, songs, videos, etc. on your Facebook timeline that you don’t have time to read or watch. However, with the way Facebook’s timeline is setup, if you don’t get to it right away, you’ll never get back to it and it may…
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Uncategorized
July 17, 2014

ZipRealty Purchased for $166 Million

Realogy, owner of such industry-leading real estate brands as Century 21, Coldwell Banker, Better Homes and Gardens Real Estate, and Sotheby’s, has reached an agreement to purchase ZipRealty’s residential brokerage operations, including its technology platforms. The acquisition will push Realogy’s aggregate size to almost 250,000 real estate brokers and sales…
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