Archive for June, 2010

Austin Initiates Neighborhood Partner Program

Thursday, June 10th, 2010

The city is accepting applications for an experimental program that joins city dollars with volunteer labor to enhance neighborhoods. The Neighborhood Partner Program was formed to split costs between the city and neighborhoods by using volunteers on the projects, allowing small-scale improvements to be made to neighborhoods by the people who live in them. No […]

FTC Settles Countrywide Loan Servicing Case

Wednesday, June 9th, 2010

Delinquent homeowners who allegedly paid inflated fees to two Countrywide mortgage servicing companies for services like property inspections and lawn mowing will receive $108 million in refunds under the terms of a settlement between Bank of America and the Federal Trade Commission. The companies created subsidiaries to hire third-party vendors, charging markups of 100 percent […]

Private Transfer Fees – What you should know.

Tuesday, June 8th, 2010

Private transfer fee covenants, referred to as a “PTF” or “PTF covenant” have been around several years in Texas. A PTF covenant requires the seller to pay a fee to a third party when a property is sold. These covenants are usually found in the restrictive covenants for a subdivision but may also be contained […]