Veteran's house seized and sold for $3,500

[RandomGuy]

[Estoppel is quite] possible. Intriguing.

Indeed. (listens for the sound of Wild Cobra doing a google search on the term...)

[Wild Cobra]

You say all of that as if the line between fraud and not fraud is always perfectly clear and 100% black or white.

Is it?

No, it's not always clear. You should know me better than that by now.

I don't like at all the rules some of these places have. I'm not really against making some laws protecting people better either. I simply don't want to see any such laws made by the current people in power. Always adding their idea of utopia to things. Even at that, you have to be careful not to infringe on free association, and what is agreed between parties. The best way to kill these activities is to expose them. Make it so nobody wants to buy into them. The free market does wonders when you apply it properly.

[FalleNxWiZarDx]

man this story is soooo messed up....


is there any updates on this story???

[RandomGuy]

No, it's not always clear. You should know me better than that by now.

I don't like at all the rules some of these places have. I'm not really against making some laws protecting people better either. I simply don't want to see any such laws made by the current people in power. Always adding their idea of utopia to things. Even at that, you have to be careful not to infringe on free association, and what is agreed between parties. The best way to kill these activities is to expose them. Make it so nobody wants to buy into them. The free market does wonders when you apply it properly.

It is possible to read a complex contract, think you know what it says and still be surprised about what the operative effects of a particular clause actually are?

[Wild Cobra]

It is possible to read a complex contract, think you know what it says and still be surprised about what the operative effects of a particular clause actually are?

That's why you get a real estate lawyer anytime you buy a house. there are too many other things not to be left to chance.

[RandomGuy]

That's why you get a real estate lawyer anytime you buy a house. there are too many other things not to be left to chance.

My question was a bit more general, and was about contracts overall, not just the restrictive covenants.

Does that mean I should vet any lengthy contract I sign past a lawyer as well?

[Wild Cobra]

My question was a bit more general, and was about contracts overall, not just the restrictive covenants.

Does that mean I should vet any lengthy contract I sign past a lawyer as well?

If you don't fully understand it, then yes.

[Blake]

My statement has no bearing on gun control laws. If guns were banned and somehow manically eliminated, we would use bows and arrows.

my stance in this instance is that we need to keep idiots like you from having weapons in public.

[RandomGuy]

If you don't fully understand it, then yes.

What if it were worded in such a way as to make you think you understand it, but the actual meaning and application in law was different?

I don't think that it is feasible or possible to involve lawyers in EVERY instance where there is a long contract involved.

That would seem to add a lot of cost/inefficiency to the system.

[Wild Cobra]

What if it were worded in such a way as to make you think you understand it, but the actual meaning and application in law was different?

I don't think that it is feasible or possible to involve lawyers in EVERY instance where there is a long contract involved.

That would seem to add a lot of cost/inefficiency to the system.

I agree it isn't worth involving a lawyer for maybe the new car contract. however, a $200,000 house or more definitely warrants paying a lawyer three digits.

[boutons_deux]

"seem to add a lot of cost/inefficiency to the system."

... which is exactly the goal. Complexity leads to opacity leads to lack of information leads to "we gotcha now". Lawyers make super complicated, like laws, contracts, etc, to promote their own $$involvement, while rigging the game in favor of their employer.

eg, the $250B/year "wasted" on processing over-complicated medical claims ends up the pockets of the complicators.

[elbamba]

You are looking at 5000K to hire an attorney to proofread a mortgage agreement together with all contracts and agreements associated with purchasing a new property.

[Blake]

I agree it isn't worth involving a lawyer for maybe the new car contract. however, a $200,000 house or more definitely warrants paying a lawyer three digits.

Buying a house is a pretty common thing. Any real estate agent worth a damn should be able to tell you the basics of the neighborhood requirements.

What is a lawyer going to tell you before you sign that contract that warrants a 3 digit price tag?

[Winehole23]

Four digits, then.

[Blake]

You are looking at 5000K to hire an attorney to proofread a mortgage agreement together with all contracts and agreements associated with purchasing a new property.

5000k is a lot.

and then what is the attorney going to tell you that will end up saving you from spending that much later on?

"be sure to pay your HOA dues and ask permission before putting on an adition to your back patio or else they will get mad and fine you. If you don't pay, they will seize and sell your house. That will be $5k please."

[Wild Cobra]

You are looking at 5000K to hire an attorney to proofread a mortgage agreement together with all contracts and agreements associated with purchasing a new property.

It doesn't cost $5k. If you can't keep it real, go away please.

[Wild Cobra]

Buying a house is a pretty common thing. Any real estate agent worth a damn should be able to tell you the basics of the neighborhood requirements.

What is a lawyer going to tell you before you sign that contract that warrants a 3 digit price tag?

The real estate agent normally works for the seller. You think they will be forthcoming on everything?

[Blake]

The real estate agent normally works for the seller. You think they will be forthcoming on everything?

from what I understand, if you get your own agent to find a house, the seller's agent generally splits the commission with the buyer's agent.

The real estate agent we had when we bought the current house we live in pointed out to make sure that the pool equipment stay with the house as part of the contract. Something like that hadn't occurred to me and it turned out to save us a few hundred had the previous owner taken off with the stuff.

Not so sure a lawyer would have thought of that.

[Wild Cobra]

from what I understand, if you get your own agent to find a house, the seller's agent generally splits the commission with the buyer's agent.

The real estate agent we had when we bought the current house we live in pointed out to make sure that the pool equipment stay with the house as part of the contract. Something like that hadn't occurred to me and it turned out to save us a few hundred had the previous owner taken off with the stuff.

Not so sure a lawyer would have thought of that.

Either way, you agree an expert opinion can be invaluable, right?

[Blake]

Either way, you agree an expert opinion can be invaluable, right?

who wouldn't agree with that blanket statement/question?

What is a lawyer going to tell you before you sign that contract that warrants a 3 digit price tag?

[LnGrrrR]

If you don't fully understand it, then yes.

So do you have a cell phone WC? An iPhone or Droid?

[elbamba]

5000k is a lot.

and then what is the attorney going to tell you that will end up saving you from spending that much later on?

"be sure to pay your HOA dues and ask permission before putting on an adition to your back patio or else they will get mad and fine you. If you don't pay, they will seize and sell your house. That will be $5k please."

Its expensive to have a lawyer read through long contracts. Most mortgages come in large stacks of paper. If you hire an attorney to read one, and the attorney is worth a damn this is what you are looking at. I usually tell my clients to use the agent. I will only get involved if there are no real estate agents and I am drafting some contract for deed. Much cheaper.

[elbamba]

It doesn't cost $5k. If you can't keep it real, go away please.

Go retain a lawyer to review a contract and you can see how real I am. maybe you can find a charitable one that will do if for less but you might retain someone who doesn't actually read the do ent.

[Wild Cobra]

So do you have a cell phone WC? An iPhone or Droid?

I have the Behold II, which uses the Android operating system.

Why?

There are legal notices if you want to use some of the online features. I simply don't add any because of the added costs. I use the GPS sometimes, but really don't use anything else.

[TDMVPDPOY]

lol bankruptcy law is lame

u can always file a debtors/creditors pe ion as long they owe you the amount thats stated by law to bring forward process such do ents to the courts and get a ruling...

even the banks do this , then again their are lapses in the bankruptcy law consumers dont know about that also protects them also, but none of this is ever mention when consulting for a loan with ur bank.