Thursday, November 15, 2007

Legal Fees - Got the letter

Not to long ago I received a
faxed letter from EWCP's lawyer.
In a nutshell, the letter indicated
that the lawyer will recommend
deleting the words, "if so ordered."
from paragraph 10 (b). However,
any wording changes would be on
condition that I agree to the
dollar amount indicated in the
Agreement.


The letter also indicates that EWCP
is prepared to pay my, "solicitor's
reasonable legal fees for his or her
advise to you on your signing of the
Agreement."

If your objective is to buy a house, what
is the necessity of including paragraph 10
begin with? The fact that the Buyer can't
or won't explain the rational behind
pargaraph 10 is a red flag. Paragraph 10
is not a standard paragraph in any purchase
agreement in a routine real estate
transaction for a house. Check your
purchase agreement for your house. You
will not see a paragraph like paragraph 10
in your agreement. To me paragraph 10 gives
one the impression that the corporate Buyer
has something to hide, and that my friends,
is a RED FLAG!!!!!

Why is it a red flag? Because the Buyer
is trying to keep confidential what is
public information. If you want to know
information about a property, just go
to your local land registry office. That's
where the Seller's lawyer has file the
Deed for the property. Does the Buyer have
an agreement with the thousands of real
estate agents and the public at-large,
that can obtain the very information it
wants the Seller to keep confidential?
Did I mention before that the Buyer seems
to have control issues?

Speaking of lawyers, Lawyer#1 and I
did not have a "priviledged relationship"
and therefore, he had no duties or obligations
to me. I'm not his client and never was.
The fact that EWCP's lawyer sent the
Agreement to lawyer#1, has me thinking that
maybe I should give it more thought about
retaining lawyer#1's services for advice, in
light of paragraph 10. At this point I am
uncertain what I will do. We'll see.

I've had time to think a little more and
I wonder if the crime has already been
committed. Hence, the reason for paragraph 10?


To read paragraph 10, scroll down to post
titled, The Agreement - Seller on Unequal
Grounds

Also read post titled, East Windsor Cogeneration
LP - Half a House?
http://homesellersbeware.blogspot.com/2007/09/east-windsor-cogeneration-lp-half-house.html

1 comment:

Unknown said...

Hi

ABC News in New York would like to extend an opportunity for you to contribute to our programming. "Good Morning America" is doing a segment on how people selling their own homes can make their property more attractive to potential buyers.

Send us a video with your questions about how you can best show your home or property, and we may include it in the upcoming "Good Morning America" segment!

Do you own a digital camera? Most cameras have a video function that allows the user to record 30 second-1 minute videos. Once recorded, you can upload the video to your computer the same way you'd view digital snapshots!

Deadline: Make sure to have your video in by Monday, November 19 @ 5pm.

ABC News is specifically requesting 15-45 second videos.

HOW TO SUBMIT VIDEOS:
1) Via cell phone
Record a 15-45 second clip and email it to: icaught@abcnews.go.com

2) Via the web:
http://abcnews.go.com/GMA/FallConcert/story?id=3802618

We look forward to hearing from you & thanks again for your participation. Should you have any questions about this project, email us back at talkback@abc.com.

We look forward to hearing from you!

~The ABC News "Talk Back" Team