Realestate.com Allegedly Violates Georgia Residential Mortgage Act.
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The Georgia Department of Banking and Finance alleges that Realestate.com, based in Atlanta, through its multilender site, Mortgageauction.com, has done business as an unlicensed broker in violation of state law. The department ordered the company “to cease and desist from engaging in any activities which are subject to the licensing requirements of the Georgia Residential Mortgage Act.” Realestate.com is worth $500 million, and… |