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Rhonda Burnett, the lead plaintiff, testified about her experience with a real estate agent from HomeServices of America subsidiary ReeceNichols. According to Burnett, the agent gave her a contract to sign with a commission rate of 6% already filled in, and she was told that the rate was non-negotiable. [12]
The bankruptcy followed his divorce and a court order requiring him to pay his ex-wife $600,000 of alimony. [65] [63] He filed for bankruptcy for his company Right-On Production at the same time. [64] Vince McMahon: American wrestling promoter Filed in a U.S. bankruptcy court. [66] 1976 [66] [67] They owed a total of $955,805 to 26 distinct ...
A landmark agreement would eliminate real estate brokers' automatic commissions of up to 6%, potentially saving home buyers and sellers thousands of dollars.
The company filed for Chapter 11 bankruptcy protection in Wilmington Delaware federal court, on August 6, 2007. [2] The week before the filing, the company said that many of its lenders had demanded their money back, and that AHM was also unable to deliver on about US$800 million in commitments for housing loans, and had laid off nearly ninety ...
The real estate company also noted that its parent company is not part of the settlement. Buffett said in February in his annual letter to shareholders that Berkshire had $167.6 billion cash on ...
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In the spring of 2007, New Century ran into financial difficulties, and trading of its stock on the NYSE was halted. On April 2, 2007, it filed for Chapter 11 bankruptcy. [4] In July 2010, three officers of the company agreed to pay $90 million in settlements and were barred from serving as directors of public companies for five years. [5]
The CEO of Starwood Capital Group believes rate hikes are inflicting unnecessary damage to real estate and regional banks, which are worth saving.