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re: In Landmark decision, Jury Finds Realtors Conspired to inflate Commissions|$1.8 B verdict

Posted on 10/31/23 at 8:01 pm to
Posted by rmc
Truth or Consequences
Member since Sep 2004
26542 posts
Posted on 10/31/23 at 8:01 pm to
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.


You know you can just go to a notary and do deed? I imagine you will not do that with your next real estate purchase. But at least you got to be an edge lord on the OT.
Posted by Centinel
Idaho
Member since Sep 2016
43380 posts
Posted on 10/31/23 at 8:05 pm to
quote:

You know you can just go to a notary and do deed? I imagine you will not do that with your next real estate purchase. But at least you got to be an edge lord on the OT.


There are states that legally require the use of a title attorney. Try having some knowledge of the subject before you make yourself look like an ignorant dipshit.
Posted by EarlyCuyler3
Appalachia
Member since Nov 2017
27290 posts
Posted on 10/31/23 at 8:06 pm to
quote:

Big Scrub TX


Yet you defend their equally sleezy cousins in the car business.
Posted by rmc
Truth or Consequences
Member since Sep 2004
26542 posts
Posted on 10/31/23 at 8:07 pm to
quote:

There are states that legally require the use of a title attorney. Try having some knowledge of the subject before you make yourself look like an ignorant dipshit.




I assure you my knowledge of that business far exceeds your own.

Find me a state law from any state that says if you buy real estate an attorney is required. I’ll wait.
Posted by billjamin
Houston
Member since Jun 2019
12614 posts
Posted on 10/31/23 at 8:09 pm to
quote:

You know you can just go to a notary and do deed? I imagine you will not do that with your next real estate purchase. But at least you got to be an edge lord on the OT.

Whatever broski. We know your grift. Keep on defending an industry that makes people purchase their own malpractice insurance. I found a solution to the problem.
Posted by rmc
Truth or Consequences
Member since Sep 2004
26542 posts
Posted on 10/31/23 at 8:11 pm to
quote:

Whatever broski. We know your grift. Keep on defending an industry that makes people purchase their own malpractice insurance. I found a solution to the problem.


Bill, you can 100% waive owners title. If the lenders are making you get lenders title insurance then tell your lender no or pay cash.
Posted by Centinel
Idaho
Member since Sep 2016
43380 posts
Posted on 10/31/23 at 8:11 pm to
quote:

Find me a state law from any state that says if you buy real estate an attorney is required. I’ll wait.


South Carolina, State v. Buyers Service Co., 357 S.E.2d 15 (S.C. 1986.)
Posted by billjamin
Houston
Member since Jun 2019
12614 posts
Posted on 10/31/23 at 8:15 pm to
quote:

Bill, you can 100% waive owners title. If the lenders are making you get lenders title insurance then tell your lender no or pay cash.

Read my previous replies. The lender was no forcing it. The title company was. They would not transact without it.
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
74107 posts
Posted on 10/31/23 at 8:15 pm to
What low iq person wouldnt get title insurance on a home purchase
Posted by rmc
Truth or Consequences
Member since Sep 2004
26542 posts
Posted on 10/31/23 at 8:16 pm to
quote:

South Carolina, State v. Buyers Service Co., 357 S.E.2d 15 (S.C. 1986.)


Lol that shits wild. I’ll stand corrected if that’s still good case law. SC bar association apparently has a stiff lobby. I cede the point.
Posted by rmc
Truth or Consequences
Member since Sep 2004
26542 posts
Posted on 10/31/23 at 8:17 pm to
quote:

Read my previous replies. The lender was no forcing it. The title company was. They would not transact without it.


Unless they have some janky arse underwriter this is not allowed. Sorry you dealt with an underhanded group.
Posted by Centinel
Idaho
Member since Sep 2016
43380 posts
Posted on 10/31/23 at 8:19 pm to
quote:

I’ll stand corrected if that’s still good case law. SC bar association apparently has a stiff lobby. I cede the point.


Oh trust me, it is. And the attorney's fee was complete and utter horseshite, because they know you don't have a choice. Hence billjamin's comments about how sleazy those frickers are.

And don't get me started on SC's Bar.

Thankfully I live in a state now where that bullshite doesn't exist. Was rather refreshing to just go through a title company here in Idaho.
This post was edited on 10/31/23 at 8:21 pm
Posted by billjamin
Houston
Member since Jun 2019
12614 posts
Posted on 10/31/23 at 8:20 pm to
quote:

Unless they have some janky arse underwriter this is not allowed. Sorry you dealt with an underhanded group.

I already said it wasn’t a traditional loan. It was through Morgan Stanley.
Posted by billjamin
Houston
Member since Jun 2019
12614 posts
Posted on 10/31/23 at 8:22 pm to
quote:

SDVTiger

Oweo must be so happy you’re back. He’s only the second worst poster now.
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
74107 posts
Posted on 10/31/23 at 8:25 pm to
Of course you are one of those dummies
Posted by Larry_Hotdogs
Texas
Member since Jun 2019
1347 posts
Posted on 10/31/23 at 9:57 pm to
(no message)
Posted by Neauxla_Tiger
Member since Feb 2015
1882 posts
Posted on 11/1/23 at 9:41 am to
quote:

Keep on defending an industry that makes people purchase their own malpractice insurance


You keep saying this, which confirms for me that you have no idea what title insurance covers.

It's more than that. What if your seller is a scam artist that tried to sell the property to more than one person? 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. These scams happen every day in this country.

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.


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?
Posted by billjamin
Houston
Member since Jun 2019
12614 posts
Posted on 11/1/23 at 9:54 am to
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:

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.

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:

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?
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?
This post was edited on 11/1/23 at 10:12 am
Posted by bricksandstones
Member since Nov 2015
1596 posts
Posted on 11/1/23 at 10:18 am to
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 by billjamin
Houston
Member since Jun 2019
12614 posts
Posted on 11/1/23 at 10:20 am to
quote:

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.

Charging for a service, then forcing the client to take out an insurance policy to cover their arse in case you fricked up is the issue at hand. It's retarded.
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