In Honor of Black History Month - February 2014

In Honor of Black History Month - February 2014

In honor of Black History Month I wanted to post an interesting piece for Real Estate Agents on the estate of civil rights activist Rosa Parks. Drizin Law is providing this information for educational…
Happy President's Day - Did You Know?

Happy President's Day - Did You Know?

We wish everyone a wonderful President’s Day 2014 and in honor of this time ask the following: DID YOU KNOW?  George Washington only had one tooth. While he wore dentures made of human teeth, animal…
CAREFUL – BIG BROTHER MAY BE WATCHING!!

CAREFUL – BIG BROTHER MAY BE WATCHING!!

The Sellers couldn’t understand why they weren’t getting offers. They had moved out of the home and relied upon their Real Estate Agent to use reasonable efforts to market their home.  However, the…
LAWSUIT WITH A LOT OF BITE

LAWSUIT WITH A LOT OF BITE

In the spirit of the impending holiday I thought I would share with you the story of Tom and Consandra Christmas who purchased 35 acres in Louisiana in 2003.  Next door to the Christmases' property was…
TRANSFER OF REAL PROPERTY AT DEATH WITHOUT PROBATE

TRANSFER OF REAL PROPERTY AT DEATH WITHOUT PROBATE

A “Deed Upon Death” provides for the distribution of your real property upon your death.  The primary advantage is the avoidance of probate and the accompanying fees and delay.  The person who receives…
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…