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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Tradelite who wrote (15380)12/8/2003 11:12:48 AM
From: TommasoRead Replies (1) of 306849
 
No the lawyer brought it up explicitly. He said he was confident he had done a good job but that the policy was available if it would make me feel more comfortable. His firm is among the best half-dozen in the state.

He also gave me a few minutes of free advice when the termite problem turned up that enabled my to collect damages on my own from the termite inspector.

The lawyer's entire fee was $550 (1977, remember): title search, closing, everything. Best money I ever spent on a legal matter. It was a special deal worked out with a very large credit union.

Also, we did without any real estate agents, paid no points, and by not haggling over inessential details got a very good price on a house that never even came on the market, with an extra lot. It required a good deal of diplomacy to reach an agreement with seven heirs, but we did it, and here we sit to this day, with the mortgage paid off.

Of course, the current exterior repairs (which include totally rebuilding and adding all copper flat roofs and gutters, etc as well as resetting all the tile roof) are running $120,000 which from my stingy point of view is astronomical. I am just doing this for the hell of it; makes no financial sense.
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