Friday, November 9, 2007

Legal Fees

The Buckingham agent called with
some good news yesterday. He informed
me that the Buyer was willing to pay
the legal fees of lawyer #1 to negotiate
on my behalf. I was pleased and relieved.
He said I would receive a comfirmation
letter in the mail shortly. I thanked the
agent for his effort.

The day before when we spoke, the agent
suggested I get a lawyer. I told him that
lawyer#1 had already told me that the
next time I see him he wanted $500.00 as
a retainer. I told the agent that I would
not pay a lawyer if they are just screwing
me around. I told him I can't afford it. I
said, "we could never close." He said, he
would suggest to his client that they pay
the legal fees because they would rather
deal with a lawyer. I told him I was fine
with that.

The buyer seems to have some control
issues and I'm certain with it paying
lawyer#1's legal fees that won't change
much. However, I hope its need to
control does not spill over into the
Agreement as it had in its latest offer.
With all the conditions gone, the
Agreement should be simplier not
complicated by hidden agendas.

Hopefully with one of their own
(lawyer#1) representing me (and
hopefully my interest too), we may
see a settlement soon. As long as
everyone is acting in good faith
I don't see a problem, but if not,
well...

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