Q&A for Borrowers (“No, You Don’t Have to Return the Money”) For those tuning out the news over the July 4th holiday, one of the lead financial stories the past few days is alleged manipulation of Libor, or the “London Inter-bank Offer Rate,” by bankers at U.K. giant Barclays. While the allegations and defenses are...Read More
Advice to Home Buyers The first thing I tell my Buyer clients when the subject of post-sale legal recourse comes up is, “if you have a bad vibe about this home or this Seller . . . move on.” Period. With that out of the way, I generally provide this counsel when the subject of...Read More
Realtor Freudian Slip?One of the things I do in a Listing Presentation — basically, a job interview for Realtors — is give prospective clients a quick overview of the contracts that go into a deal (as a former corporate lawyer, I actually truly enjoy this part!). Typically, I’ll drop in “dummy” names for illustrative purposes,...Read More
Don’t Sell Your House to Your RealtorSelling your house to your Realtor is a bad idea for about 48 different reasons, beginning and ending with conflict of interest. That’s especially true if the sale is a “short sale” — that is, the home is worth less than the mortgage against it. In such cases, the...Read More
