SubmitYourListings.com converts MLS feeds into real estate leads

A real estate technology company has launched a service that automatically feeds property listings from real estate brokers to national online search and classified advertising sites such as Edgeio, Google Base, LiveDeal, Oodle, Propsmart and Trulia.  more...

Metrocities forms another real estate partnership

The trend of mortgage and real estate brokerage partnerships continues with the latest joint venture between Metrocities Mortgage and RE/MAX Coastal Properties.  more...

Title problems found in 36% of residential real estate deals

Title problems were found in 36 percent of all residential real estate transactions in 2005, up from 25 percent in 2000, due to a booming real estate market and an increase in transactions, according to a title insurance industry survey.

"The most frequent curative action taken last year was obtaining releases and/or obtaining pay-offs for discovered liens, such as prior or existing first or second mortgages, unpaid child and spousal support, outstanding taxes, and other judgments against the property," said Rande Yeager, president of the American Land Title Association, which cond  more...

Pennsylvania mortgage fraudster to pay $1 million in civil suit

Three Pennsylvanians were sentenced to probation Thursday after pleading no contest to criminal charges of defrauding home buyers, and the owner of an implicated company was ordered to pay $1 million in a state civil suit, the Pocono Record reported today.

Of the $1 million, $750,000 will go to restitution for homeowners who can prove they were defrauded, reports said.

Eagle Valley Homes owner Steven Parisi and mortgage broker Rose Perdue each were sentenced to three years probation for forgery, and builder Donald Kishbaugh to two years probation for passing forged docu  more...

Survey: Home buyers want less paper

A small survey of more than 1,000 U.S. home buyers found that buyers expect their home values to appreciate despite concerns about softening real estate markets.

And asked which facet of the home-buying process needs most improvement, most respondents cited the large amount of paper involved and the amount -- or lack of -- communication in the transaction.

The survey, conducted by national title insurance underwriter Stewart Title Guaranty Co., questioned home buyers following closings in the last eight business days of March 2006.  more...

New York lawyers call for commission to study eminent domain

The New York State Bar Association is calling upon the state Legislature to set up a temporary commission to study proposed changed to eminent domain laws in the state.

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Overnight real estate rates increase

Long-term mortgage interest rates climbed higher on Thursday, and the benchmark 10-year Treasury bond yield increased to 5.05 percent.

The 30-year fixed-rate average increased to 6.11 percent, and the 15-year fixed-rate was up at 5.79 percent. The 1-year adjustable increased to 5.17 percent.

The 30-year Treasury bond yield climbed to 5.11 percent.

Rates are current as of 7:15 p.m. Eastern Standard Time.

Mortgage rate figures are according to Bankrate.com, which publishes nightly averages based on its survey of 4,000 banks in 50 states.  more...