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When Know All Means Know Little
Somebody said that the worst customers to deal with are Real Estate agents and brokers. It is difficult to argue with it. Too many supporting examples…
It started, probably, 3 years ago. We watched what was happening in Marina Grande on the Halifax, these gorgeous two 25-story towers, which popped up on the Intracoastal at the peak of the market. And it nosedived…
Out of few units sold in South Tower belonged to a real estate broker, who was delinquent with her mortgage. We were doing several short sales in the building, and we knew the issues with selling there, and knew that we could handle it better than others, so we contacted the broker and suggested that we do a short sale.
She listened to me, and then said that her accountant told her that she did not need to do the short sale. She was not the only one who was coached by their tax people, and I knew that it was a lot of BS, so I asked her if it would be OK for our attorney to call her. I thought that knowledgeable attorney could explain it to her.
Sure. So the attorney called, and spoke ... more

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