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Started By
Message
3
Posted on 10/31/23 at 2:35 pm to lsuconnman
quote:
It’s also bewildering the buyers agent is supposed to represent the purchasers interests yet openly won’t show a house if there’s no sellers fee
They also will not show houses that have realtors they don't like or are not in their circles. They will steer buyers away from those houses so that realtor won't get any benefit.
Posted on 10/31/23 at 2:35 pm to lsuconnman
Well why would a buyers agent show a home without being paid? Unless the buyer or seller plans on reciprocating the agent. A seller doing FSBO has no obligation to pay a buyers agent. It’s just the majority of buyers are represented by an agent. That’s the cons of FSBO I assume
Posted on 10/31/23 at 2:37 pm to PrecedentedTimes
quote:
Good. Them & attorneys are the biggest grifters
Ironically, attorneys will make out the best in this lawsuit
Posted on 10/31/23 at 2:43 pm to lsuconnman
quote:
It’s also bewildering the buyers agent is supposed to represent the purchasers interests
If you do the math on the 3% you quickly realize they don't have your best interests at heart. $10k in the sale translates to $300, and while that's nothing to sneeze at, it is minor in the scheme of things for them. They want the sale to happen and happen as quickly as possible so they can move on to the next
Posted on 10/31/23 at 3:17 pm to billjamin
quote:
Title attorney's are the worst of all.
me: i can has house?
Title attorney: that'll be $2000 for me to google the address and another $500 for the insurance policy in case i frick up.
Here's the idiot in the thread.
Posted on 10/31/23 at 3:22 pm to jbraua
In my last job, I had to work with a lot of Keller Williams realtors and I literally hated every single one of their guts. They were the most demanding, piece of shite a-hole mother frickers I have ever had to work with.
Posted on 10/31/23 at 3:30 pm to jbraua
So who does the $1.8 billion go to besides lawyers?
Posted on 10/31/23 at 3:37 pm to TigerDeacon
I loved paying thousands in title insurance to refi on a house I built, and had owned since there was a structure on it. Totally makes sense, considering when the title was researched when I initially took possession of a house I instructed a builder to build.
Realtors, lawyers, car dealers, and the liquor industry have far more control over state legislatures than most people realize.
Realtors, lawyers, car dealers, and the liquor industry have far more control over state legislatures than most people realize.
Posted on 10/31/23 at 3:47 pm to jbraua
I sold four homes and bought one in the past five years ... am I eligible for a cut of this action?
Heck, if I can go back to 2000 that number would triple in both categories.
How do we find out. One realtor, in particular, butt raped me.
Heck, if I can go back to 2000 that number would triple in both categories.
How do we find out. One realtor, in particular, butt raped me.
Posted on 10/31/23 at 4:32 pm to LemmyLives
Nobody wants title insurance until they do... And then they are really, really glad they had it.
And, it didnt cost you "thousands"
Also, you go lend someone a couple hundred grand for a house and see how you feel without any insurance in place to protect the title to your collateral.
Understandable frustration you have, but title insurance is undoubtedly a necessary "evil"
And, it didnt cost you "thousands"
Also, you go lend someone a couple hundred grand for a house and see how you feel without any insurance in place to protect the title to your collateral.
Understandable frustration you have, but title insurance is undoubtedly a necessary "evil"
Posted on 10/31/23 at 4:33 pm to LemmyLives
quote:
I loved paying thousands in title insurance to refi on a house I built, and had owned since there was a structure on it. Totally makes sense, considering when the title was researched when I initially took possession of a house I instructed a builder to build.
You probably are referring to LENDER'S title insurance. The lender doesn't give a shite if you think the title is clear. They're not gonna lend you hundreds of thousands willy-nilly.
You don't keep buying owner's title on the same property over and over. You buy that once for your lifetime. But if you keep refinancing, you're going to keep paying lender's title insurance, same as you're going to keep paying for origination fees, appraisals, courthouse recording, etc.
Posted on 10/31/23 at 4:44 pm to billjamin
quote:
Title attorney: that'll be $2000 for me to google the address and another $500 for the insurance policy in case i frick up.
Every house I've ever bought the title fees were pretty reasonable compared to the lender's origination fees, the commissions, the homeowner's and flood insurance, etc.
And it's a little more than somebody googling the address
. It's a pretty big purchase for most people, so it's not an investment you want to leave up to a minimum wage employee just "googling around." quote:
another $500 for the insurance policy in case i frick up
You obviously don't know what it covers, and obviously don't know anybody that's had to file a claim. But it's optional, so go ahead and take the risk on your next house. After all, you could just DIY and google around yourself
Posted on 10/31/23 at 4:58 pm to JohnnyKilroy
quote:
I haven’t read the case but I’m assuming it was collusion to not show prospective buyers properties that weren’t going to pay them 3% commission.
Yes and NAR has conspired for years to keep discount brokerages off of the MLS as well.
Some places will put your home on the MLS for 1% listing fee then leave it up to you what you want to offer the selling agent. NAR hates this model and has worked against it for years.
Posted on 10/31/23 at 5:08 pm to 251TigerFan
quote:
Nobody wants title insurance until they do... And then they are really, really glad they had it.
And, it didnt cost you "thousands"
Ok, you can't read. I specifically said that I'd had title insurance when I took possession initially , but then had to purchase title insurance again, when I essentially bought it from myself.
The first time, I paid $4038 for title insurance. The refi title insurance was $2k, when I was supposedly insuring that the title I'd already gotten insured needed to be insured again.
Posted on 10/31/23 at 5:25 pm to JohnnyKilroy
quote:
I haven’t read the case
It shows.
quote:
assuming it was collusion to not show prospective buyers properties that weren’t going to pay them 3% commission.
This is not what the case is about.
Posted on 10/31/23 at 5:29 pm to jbraua
Creating boogeymen to detract from the fiscal policy that got us here.
Posted on 10/31/23 at 5:30 pm to LemmyLives
quote:
Ok, you can't read. I specifically said that I'd had title insurance when I took possession initially , but then had to purchase title insurance again, when I essentially bought it from myself.
The first time, I paid $4038 for title insurance. The refi title insurance was $2k, when I was supposedly insuring that the title I'd already gotten insured needed to be insured again.
Standard title insurance insures the mortgage company and is tied to that particular mortgage. If you refi, you need title insurance on that new mortgage. Just like buying a new car, even though you are the same driver, you need a new ins policy.
I'm not saying it's not a racket.
If you bought an owner's policy, then I would think that should carry over regardless of refi. But standard title insurance covers the mortgage company, not the owner. New mortgage, new policy.
Posted on 10/31/23 at 5:32 pm to deeprig9
quote:
I'm not saying it's not a racket.
Posted on 10/31/23 at 5:34 pm to jbraua
Yeah but after like 6 months they are “experts” at real estate knowledge and send them a message if you are curious if now is the right time to buy
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