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re: In Landmark decision, Jury Finds Realtors Conspired to inflate Commissions|$1.8 B verdict
Posted on 11/1/23 at 9:54 am to Neauxla_Tiger
Posted on 11/1/23 at 9:54 am to Neauxla_Tiger
quote:
What if your seller is a scam artist that tried to sell the property to more than one person?
Thats what i'm paying the title company to validate.
quote:Once again, i'm paying a professional attorney to handle this.
The title company/attorney may have no way of knowing the seller had some shady notary execute a deed a few minutes before he came to the closing where you're buying.
I would love to see your reaction if your doctor made you take out a policy before surgery incase the equipment fricked up and refused to work until you bought it to cover his arse.
quote:Yeah, we're covering their malpractice insurance in the price AND buying our own policy.
Additionally, do you not think literally every industry in the world that carries malpractice insurance doesn't bake the cost of it into their prices in some form or fashion?
How can you not see how fricking retarded that is?
This post was edited on 11/1/23 at 10:12 am
3
Posted on 11/1/23 at 10:18 am to billjamin
Didn't expect this to turn into a title attorney bashing thread, but I feel obligated to interject. I can promise, at least for my firm's part, we earn our money and then some. The amount and sheer frickedupedness of the titles we have to fix would blow your mind, and often requires creativity and an incisive knowledge of many areas of law, and especially when dealing with rural manufactured homes. Most of these folks would never be able to get a mortgage on their properties absent our involvement. We are not charging hourly attorney time, either, and we don't get paid anything if a deal falls through, which happens all too often. As usual, ignorant loudmouths have something to say because they didn't like having to pay for a service.
Posted on 11/1/23 at 10:28 am to billjamin
quote:
quote:
What if your seller is a scam artist that tried to sell the property to more than one person?
Thats what i'm paying the title company to validate.
Lol, buddy, you need to work on your reading comprehension. The title company has NO WAY of knowing what your seller did moments before walking into the door. You obviously don't know how the public records doctrine works. Yes, the title company will review the records and have any problems fixed prior to closing, but the public records cannot possibly reflect what took place the morning of your closing. If the seller fricks around and gets a lien placed on their property WHILE YOU"RE SITTING IN THE CLOSING, then you're fricked without title insurance.
quote:
quote:
The title company/attorney may have no way of knowing the seller had some shady notary execute a deed a few minutes before he came to the closing where you're buying.
Once again, i'm paying a professional attorney to handle this.
Please, explain to me how the attorney is supposed to know about this. Show your work. Is the attorney supposed to be following the seller for the entirety of the closing process?
quote:
I would love to see your reaction if your doctor made you take out a policy before surgery incase the equipment fricked up and refused to work until you bought it to cover his arse.
The doctor carries his own malpractice insurance and I can assure you, the cost of that is passed onto patients. This is how any business works. Same as if you pay a contractor to build you a house, he's not buying all the materials for you for free. You're paying for every bit of cost it takes to get that task done.
quote:
Yeah, we're covering their malpractice insurance in the price AND buying our own policy.
How can you not see how fricking retarded that is?
I've already explained it's not a malpractice policy. Can it cover an error by the attorney? Sure. One of many things.
All insurance is the same. If you think it's a scam, then don't get it. Roll the dice and see how it works out if something goes wrong.
Posted on 11/1/23 at 10:34 am to billjamin
By the way, I noticed you didn't bother to counter these two points. Both of these are issues that happen POST-CLOSING. But I'm sure you expect the attorney to see the future, too.
quote:
Hell, go google how much of an issue Orleans is having with fraud on vacant lots. If someone steals your identity and tries to sell your lot, and you don't have title insurance, well... good luck. Again, this would have nothing to do with any "errors" by the attorney from your purchase.
Sometimes there's a kooky neighbor that tries to build his shed on the boundary line and forces you to take him to court to stop him.
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