More From http://www.patrick.net/wp/?p=126
I realize these Comments at this site are older, however I still feel compelled to comment about them because they are still "out there" for the Real Estate Consumer to Read.. Here is the comment..
"A real estate transaction is a willing buyer and a willing seller agreeing on a sales price with full disclosure and entering into a fully binding legal contract for the transfer of free and clear title to ownership of property. It’s never anything else. Each step of the process–from offer and acceptance, through title clearance, to closing and funding–is performed by licensed agents under the oversight of lawyers. Or the transaction doesn’t take place. "
"A real estate transaction is a willing buyer and a willing seller agreeing on a sales price with full disclosure and entering into a fully binding legal contract for the transfer of free and clear title to ownership of property. It’s never anything else. Each step of the process–from offer and acceptance, through title clearance, to closing and funding–is performed by licensed agents under the oversight of lawyers. Or the transaction doesn’t take place. "
This is Flat Out Bull.. Full Disclosure can never really happen, Disclosure of any kind that truly matters rarely happens if it did there would be no real estate transactions.
There is NOT really an attorney involved in all real estate transactions, yes title companies have an attorney on hand, many do especially privately owned non-franchised Title Companies, however the attorney simply looks over the Settlement Statement, and the Title insurance stuff and does not really look over your Real Estate Transaction in a way that would actually look out for the Real Estate Consumer. The Franchised Title Companies like First American Title, just have an attorney "they can call" and there is no real oversight to your real estate transaction by a real estate attorney unless you specifically hire and a Real Estate Attorney to look out for your best interest and even then YOU, yourself better know what to look for to Protect Yourself - your Family and Your Assets.
The Statement made above is Wrong in EVERY way..
Crystal Cox - Broker Owner
www.RealEstateIndustryWhistleblower.com
www.RealEstateIndustryWhistleblower.com
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