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refund

Written Statements in 300 Words . . .

 . . . . Or One [Note to Readers: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway, or any other entity referenced. If you need legal advice, please consult an attorney.] Realtors representing Sellers (better known as “listing agents”) tend to be a lot more...
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Early Birds, Worms, and Plane Refunds

Air Travel and the Coronavirus (The OTHER “Cancel Culture”) Early birds famously get the worm, as the saying goes. But, late birds get a full refund for cancelled air travel. At least, that’s the case if the airline cancels your flight before you do — and you (OK, me) decline their offer to be rescheduled....
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Written Statements in 300 Words . . .

 . . . . Or One Realtors representing Sellers (better known as “listing agents”) tend to be a lot more focused on Written Statements ” and specifically, Written Statement deadlines ” than their clients. There are two reasons for that:  1) it can be a technical subject (see below); and 2) most Buyers’ lenders meet...
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“Lost in America,” Wall Street version: We’re the Schmucks

Refunds at the Casino, Courtesy of Taxpayers [Editor’s Note:  Gary Marshall, who passed away yesterday at the age of 81, was best-known for creating such mega-hits as “Mork and Mindy” and “Happy Days” (TV), and for directing films like “Pretty Woman” and “The Princess Diaries.”  But, my favorite Gary Marshall role was as a supporting...
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Who Holds the Buyer’s Earnest Money Check — and Why it Matters

Moot Issue . . . Unless the Deal Hiccups One of the biggest concerns residential home Buyers have is who holds their earnest money check. Due once there is an accepted Purchase Agreement, earnest money typically is equivalent to 2% – 5% of the purchase price, and plays a dual role:  a) it signifies the...
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The Buyer’s Written Statement is Late: “No Biggie” or “Uh-Oh/Holy Sh*T!!”

[Editor’s Note:  The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway, or any other entity referenced.  If you need legal advice, please consult an attorney.] As I tell clients, the second most important date in a residential Purchase Agreement is the Written Statement deadline (the most...
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