law: Court Case Could Effect Short Sale Specialists
- 07/07/09 12:49 PM
Recently a court case ruling about Administrative Fees (Busby v. JRHBW Realty, Inc, d/b/a RealtySouth) made me think, "Good for them!" I've never been a proponent of Admin Fees. They are junk fees after all. However, as a short sale specialist, I had to think about this a bit more. In this case, the plaintiff won a class action law suit against RealtySouth for charging Admin Fees that were legally proven not to have done anything to help in the transaction. Short Sales can feel like the wild west and now some of the extra ways of collecting a full commission … (38 comments)
law: Do you Blog Dangerously?
- 04/11/08 05:29 AM
When I first started blogging I thought it was no different than what I used to do years ago, which was constantly update my webpage. The whole thing involved ftp uploads and a wee bit of code, but it was fun and it kept the content fresh. Now that I'm a year into this, I see it's a bit different. For one, there's a lot more people doing it now. It's a wonderful way to share your voice with the world, to show them how real or not you are and how informative you can be. I've been blessed with some wonderful … (77 comments)
law: Got Good Funds? - Georgia Real Estate Law Restrictions
- 08/15/07 07:41 AM
A good friend Ansley at Okelley & Sorohan in Duluth sent out this great check list and I thought I should share it. Ansley E. Campbell, Esq. O'Kelley & Sorohan, Attorneys at Law, LLC 2170 Satellite Boulevard; Suite 375 Duluth, GA 30097 acampbell@oslawllc.com
(770) 942-1577
Over 100 mortgage lenders have gone out of business in the last couple of months. The Georgia "Good Funds" Statute (O.C.G.A. § 44-14-13) states that collected funds means "funds deposited, finally settled, and credited to the settlement agent's escrow account."Our title insurance companies are also requiring that we have "collected funds," i.e. cash, wire … (1 comments)
Recently a court case ruling about Administrative Fees (Busby v. JRHBW Realty, Inc, d/b/a RealtySouth) made me think, "Good for them!" I've never been a proponent of Admin Fees. They are junk fees after all. However, as a short sale specialist, I had to think about this a bit more.
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