Iliana Ebenkamp’s Post

Funds may be placed in escrow or held back to cover any potential indemnity claims or adjustments. The release of these funds is typically governed by the fulfillment of certain conditions and may be held by the buyer (in event of holdback) but are typically held by the escrow agent or closing attorney. #businesssale #businessforsale #businessattorney #businesslawyer #MandA

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What do I do now, in light of the current industry litigation? • Explain to buyer and seller prospects what’s going on in the marketplace. • Tell them about the VALUE you bring to the transaction. • In the past, you didn’t have to explain the benefits you bring to the buyer with or without a buyer broker contract – for payment, you could rely on the MLS offer of compensation – regardless of your skills and experience. • There’s a misalignment of interest: the higher the transaction price, the more commission the buyer agent is paid. • There may be ways to transact around "no offers of compensation." • Lenders want to make loans, so we can anticipate that the Housing Finance Industry will consider policy changes. • Avoid Steering – if seller does not offer enough buy side commission, other agents may not show the property. • Even in a Seller’s market, the typical buyer side commissions did not come down. • Know what to say and what not to say. There may be ways to transact around some of the pain points. https://lnkd.in/daMS9cdr

In 2024, will we see the collapse of the MLS as we know it now? I think NAR will be facing much more litigation in 2024. #realestate #realtors #westmorelandparalegal #titleinsurance #closings

FAQ: What does 'closing costs' mean in a real estate transaction? Answer: Closing costs include fees and expenses associated with the purchase or sale of a property, such as title insurance, inspections, and attorney fees. 💼🏡 #ClosingCosts #RealEstateFAQ

Connections like this allow us to be more secure and brings convenience to all parties involved. Stay tuned for more exciting Axess Law announcements! #axesslaw #dreamteam #realestatelaw

Discover how conveyancers shield you from property scams! From verifying property details to ensuring secure handling of funds, they've got you covered every step of the way. . . . . . . . . . . . . . . . . . . #PropertyProtection #ConveyancerShield #ConveyancingQueensland #PropertyLawQLD #RealEstateAustralia #ConveyancingGroupAU #QueenslandProperty

If you missed our webinar, "Courting Success: Tackling Litigation in Default Servicing," don't worry. It's now available on-demand! Our panel of servicers and legal experts delved into the legal challenges that arise in foreclosure proceedings, providing invaluable insights for legal professionals, lenders, and servicers alike. You'll learn: -Managing litigation in a lower volume landscape -Sovereign citizen litigation -Resurrection of zombie mortgages Click the link below and access the webinar on-demand now and stay tuned for our upcoming webinars. *This webinar is part of Five Star Academy and requires a login to access. Reach out to us at membership@thefivestar.com if you need help. https://lnkd.in/g_ucEfiW #Webinar #LegalLeague #ForeclosureLaw #DefaultServicing

Join partners Brian Rich and Robert Wonneberger on Wednesday, August 7, at 12:30 p.m. EDT for a webinar to discuss some common lender liability and foreclosure issues; an overview of the foreclosure process; and common examples of claims, defenses, and best practices to reduce enforcement issues and minimize litigation risks. Click here for more information and to register: https://lnkd.in/gYP-pGqx #Webinar #LenderLiability #Foreclosure #BestPractices #LitigationRisk

Real estate deals that settle on basic protection are DEAD. Here's what to do instead. Elevate your game by arming your transactions with the clauses our top attorneys swear by. 1️⃣ Due Diligence Period: Your investigative window to ensure the property matches its claims. 2️⃣ Financing Contingency: Protects you if financing falls through, offering a financial escape route. 3️⃣ Title Insurance Requirement: Guards against hidden claims and legal issues, securing your ownership. 4️⃣ Home Inspection Clause: Ensures the property's condition is thoroughly checked, safeguarding your investment. 5️⃣ Appraisal Clause: Verifies the property's value, ensuring you pay a fair price. 6️⃣ Closing Cost Allocation: Clearly outlines who pays which closing costs, preventing last-minute financial surprises. Arm yourself with contracts that don't just survive the market—they dominate it. Nalls Davis is your go to for must-have protections. #RealEstateLaw #RealEstateContracts