Tag

CYA

“Out of an Abundance of Caution” . . . & Its Opposite

The Buried Mea Culpa Once upon a time, the likes of William Safire and George Carlin could be counted on to call out linguistic curiosities. In that spirit, I offer up the very confused expression, “Out of an abundance of caution.” Overcompensating Practically dripping with CYA (“Cover-Your-A**”), it’s almost always invoked by a contrite person...
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Famous Excuses (or, The Many Guises of CYA)

Lender-Speak, Translated What they said:  “the check’s in the mail.’ Translation:  “I’m late paying the bills.’ What they said:  “The dog ate my homework.’ Translation:  “I didn’t do the assignment.’ What they said:  “I have been holding off on submitting the file until we are within 60 days of closing (for both the rate lock and because the...
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What I Learned Practicing Law (Amongst Other Things)

Just Doing What a Good (Ex)Attorney Would Do or, The Many Guises of CYA Occasionally, clients assume that, because of my legal background, I can field a (non-real estate) question or problem that they’d otherwise have to take to their attorney. Even if I could — increasingly doubtful after a 20-plus year hiatus from practicing...
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Real Estate’s Ultimate Hot Potato

The Buyer’s Inspection on a Cancelled Deal One of the knottiest issues in real estate for awhile now is, “what does the listing agent do with the Buyer’s inspection on a deal that ultimately falls apart?” The question is problematic because — at least in Minnesota — home sellers and their agents have an independent duty to disclose any defects...
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Famous Excuses (or, The Many Guises of CYA)

Lender-Speak, Translated What they said:  ‘the check’s in the mail.’ Translation:  ‘I’m late paying the bills.’ What they said:  ‘The dog ate my homework.’ Translation:  ‘I didn’t do the assignment.’ What they said:  ‘I have been holding off on submitting the file until we are within 60 days of closing (for both the rate lock and because the...
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