PLEASE REMIT UPON RECEIPT

By
Real Estate Agent with Paradise Properties of Florida, Inc.
https://activerain.com/droplet/8JF

                                                                                                                     Palm Beach, Florida

PLEASE REMIT UPON RECEIPT                                                                                                       

Irving Picard, the bankruptcy trustee liquidating Bernie Madoff's assets, has asked a judge to pay him and his law firm, Baker & Hostetler, another $43.2 million for fees and expenses incurred from Oct. 1, 2010, to Jan. 31, 2011.

That's right. Four months.

Picard spent 955 hours - at a pricey $748 per - on the matter, and his law firm logged 116,399 hours at $371 per, according to the New York Post.

Then there's the $1.1 million in expenses.

 

" YIKES ! "     I pass Madoff's old house every day.    Eventhough the property has been re-sold and is being renovated, updated and cleansed, exorcized... we know who lived there.  But, inspite of it's notorious past this Palm Beach property with a choice location on the Intracoastal waterway, sold for a 'deal' price.  Was it only $5.9 million?

Marsha Montoya Mayer - Realtor

Paradise Properties of Florida, Inc. 

Email: marsha@mypalmbeachrealty.com  Cell: 561-329-0428

Website: www.mypalmbeachrealty.com

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Ambassador
2,245,183
MichelleCherie Carr Crowe Just Call...408-252-8900
Get Results Team...Just Call (408) 252-8900! . DRE #00901962 . Licensed to Sell since 1985 . Altas Realty - San Jose, CA
Family Helping Families Buy & Sell Homes 40+ Years

Scary. 120 days x 24 hours/ day = 2880 total hours available, and amazingly he personally spent at least 8 hours a day on it EVERY DAY for 120 days straight...must have learned some Ponzi techniques from his client.

Because to do this, he must not have any other client as he'd have no more time, right?

 

Apr 23, 2011 05:08 PM #1
Rainer
39,572
Marsha Montoya Mayer
Paradise Properties of Florida, Inc. - Palm Beach, FL

Michelle,

I once was told that Lawyers are taught (early on in law school) that every minute awake or asleep has to to billed to their clients.  After all...they are always thinking or dreaming about the issues of one client or another. 

Don't you wish we could bill AND get paid at least for ALL our  real estate awake hours?? 

OR  get compensated for the time we spend on the clients and customers who "change their minds"???

Apr 23, 2011 06:11 PM #2
Rainmaker
503,637
Vacation Rentals The Jeff Rickert Team
RE/MAX Property Specialists - Pocono Lake, PA
Poconos Vacation Rentals

Thanks for the post. 

Good luck in your area and happy holiday.

Apr 23, 2011 11:39 PM #3
Rainmaker
1,204,869
Tony & Darcy Cannon
Aubrey and Associates Realty - Layton, UT
The C Team

Marsha, Wow!  that is a good amount of money for 4 months of work!

Apr 24, 2011 05:08 AM #4
Rainer
39,572
Marsha Montoya Mayer
Paradise Properties of Florida, Inc. - Palm Beach, FL

Tony,  you can say, a "good amount" of money...I'd say an "obscene amount" of money.

Apr 24, 2011 05:41 AM #5
Rainer
39,572
Marsha Montoya Mayer
Paradise Properties of Florida, Inc. - Palm Beach, FL

Jeff and Heather,  A Joyous Easter to you and to all.

Apr 24, 2011 05:42 AM #6
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Rainer
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Marsha Montoya Mayer

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