Realogy and PHH move to dismiss RESPA class action lawsuit

  • Realogy and PHH face a lawsuit that alleges they violated the Real Estate Settlement Procedures Act (RESPA) by operating a "sham" affiliated business arrangement.
  • In their motion to dismiss, filed Feb. 5, the companies argued that the plaintiffs’ claims are time-barred by RESPA’s one-year statute of limitations.
  • The plaintiffs asked the court to suspend that deadline by 10 years -- specifically, to Jan. 31, 2005, the date that Realogy and PHH entered into their Strategic Relationship Agreement.

LIVE NOW: Inman Connect San Francisco
Tune-in now to catch the livestream. Don't miss this chance to see real estate leaders tackle the industry's top problems.

The plaintiffs have asked the court to suspend the statute of limitations deadline by 10 years — specifically, to Jan. 31, 2005, the date that Realogy and PHH entered into their Strategic Relationship Agreement.