Property I.D. sues to get HUD off its back Premium Content

Says hazard disclosure reports not covered by RESPA

Inman News®

Property I.D., a company that shared the profits it made providing natural hazard disclosure reports to home buyers with real estate brokers, says it's filed suit to end a nearly two-year-long investigation of the company's business practices by federal regulators.

The investigation of Property I.D. dates to August 2005 when officials at the Department of Housing and Urban Development and the Federal Trade Commission notified the company's partners in a joint venture -- Cendant and Coldwell Banker Residential Brokerage Corp.

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