Note the (Very) Fine Print One of the sleazier come-on’s I’ve seen the last few years is a very official looking document — complete with a “Case Number” and Department of Housing and Urban Development (“HUD”) seal (right) — that begins like this (all italics theirs): Dear [Home owner]: Your home loan has gone under review for the...Read More
Testing an Unrealistic Seller It seems to be happening a lot in today’s housing market: Buyers find something they like, but — based on the Comp’s — the Seller’s price appears to be high. What to do? One option is to simply wait. Overpriced listings have a way of coming down to earth, and Buyers...Read More
Getting Busted for the Cover-Up — Not the Crime I have no idea — based on the handful of stories I’ve read — if MF Global broke any laws, and if so, whether it will face prosecution. But if so, here’s my guess what the company and/or its principals will ultimately be charged with: not engaging in the ruinous, numbingly...Read More
Legal Minutiae It’s not unusual in the course of a real estate deal for numerous terms to change — and others to be added. What’s the best way to document that evolution? My personal preference is a one page Counter-Offer Addendum that effectively rides on top of all the preceding documents. Not only does that cleanly...Read More
