Miranda Warning

Mum’s the Word on (Buyer) Motivation

Miranda Warning — Real Estate Version As required by the Miranda warning, police making an arrest must tell the person in custody, prior to interrogation, that they have the right to remain silent, and that anything they say will be used against them in court. Minus the explicit warning (and the courtroom), the same thing applies in...
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No Free Houses

Mortgage Foreclosure Mess Two weeks or so into the mortgage foreclosure mess, some of the dust is settling regarding what could potentially be hundreds of thousands of homes improperly foreclosed upon by the big banks. First, what’s not going to happen: people who lost their homes in such fashion are not going to get them...
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Real Estate’s "Miranda Warning"

Why Buyers Shouldn’t Talk Directly to Listing Agents The person in custody must, prior to interrogation, be clearly informed that he or she has the right to remain silent, and that anything the person says will be used against that person in court. –U.S. Supreme Court; Miranda v. Arizona decision (1966) As a listing agent,...
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Financial "Miranda Warning" for Goldman Sachs Clients?

Oops, They Did it Again! If we’re not going to shut down rogue investment banks like Goldman Sachs, or break them up into smaller, less economy-threatening pieces, how about at least requiring that they give their clients (hard to believe they still have any) the equivalent of a financial “Miranda warning.” Something like this perhaps:...
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