In a recent development, a court injunction has been issued against a Florida-based right-to-list agreement firm, compelling them to take certain actions to comply with the legal requirements. The injunction specifically mandates that the firm must address existing liens that it has created and cease the practice of recording new liens. This decision comes as a significant blow to the firm, as it restricts their ability to conduct business as usual in the mortgage industry.
Key points from the court injunction include:
– The Florida-based firm is required to remove any existing liens that it has created, putting a halt to any further legal complications.
– The firm is prohibited from recording new liens moving forward, signaling a change in their operational practices.
– This injunction is a clear indication of the legal repercussions that companies in the mortgage industry may face if they do not comply with regulations and guidelines.
You can read this full article at: https://www.housingwire.com/articles/california-ag-gets-preliminary-injunction-against-mv-realty/(subscription required)
Note Servicing Center provides professional, fully compliant loan servicing for private mortgage investors so they can avoid the aggravation of servicing their own loans and just relax and get paid. Contact us today for more information.
