Using Your Errors and Omissions Insurance to the Max

Using Your Errors and Omissions Insurance to the Max

Unfortunately, our society is becoming more litigious and real estate professionals are finding they are not immune from this trend.  While most licensees are familiar with the use of their Errors &…
HOW CRAZY ARE YOUR CLIENTS

HOW CRAZY ARE YOUR CLIENTS???

The Staten Island Advance recently reported a story about John Franco and his wife.  Franco isn’t just another professional baseball player.   He is the New York Mets all-time save leader.  The…
Dam it! Here we go again...

Dam it! Here we go again...

A Hutchinson, Kansas, couple who bought a home without being told they would be responsible for maintaining a dam on the property has been awarded $202,500 in a lawsuit they filed against their real estate…
EQUAL OPPORTUNITY JAIL TIME

EQUAL OPPORTUNITY JAIL TIME

If you have been to one of my continuing education courses it is easy to think I am picking on real estate licensees.  Unfortunately, it is easy to become embroiled in litigation even when you have done…
Just When You Thought it Was Safe to go Back Into the Water…

Just When You Thought it Was Safe to go Back Into the Water…

A class action lawsuit was recently filed in Maryland against a prominent real estate licensee, who advertises his team #1 in the state, for violations of RESPA.  The complaint alleges the Agent received…
Financial Adviser Who Was Also Realtor Breached Duty to Elderly Client

Financial Adviser Who Was Also Realtor Breached Duty to Elderly Client

The Haisches built a substantial estate, including a ranch, and their wills from the 1990s reflected a desire to leave a substantial charitable legacy. Joe Duling became the Haisches' financial adviser.…
Congress Jumps in to Help Short Sales Move in the Right Direction

Congress Jumps in to Help Short Sales Move in the Right Direction

One of the biggest frustrations with the short sale process has been the amount of time it takes to get an approval.  Undoubtedly, lenders have been overwhelmed with the volume of short sales, however,…
Short Sales Fraud Becoming a Significant Source of Liability

Short Sales Fraud Becoming a Significant Source of Liability

Freddie Mac short sales have risen from about 4% of completed workouts in 2000 to nearly 14% in 2010.  Not surprisingly, the amount of fraud involving short sales has also risen dramatically. Some of…