Comments on: New Real Estate Danger: Cancellation Fees http://luxuryhomedigest.com/2007/09/03/cancellation-fees/ Tue, 19 Jan 2010 02:46:27 +0000 http://wordpress.org/?v=2.8.4 hourly 1 By: Roberta Murphy http://luxuryhomedigest.com/2007/09/03/cancellation-fees/comment-page-1/#comment-566 Roberta Murphy Fri, 09 May 2008 12:21:37 +0000 http://luxuryhomedigest.com/2007/09/03/new-real-estate-danger-cancellation-fees/#comment-566 Hi Anita: I am sorry you had such an unfortunate experience with your real estate agents in Illinois. We have never charged a cancellation fee to any of our clients--for any reason. Moreover, we offer an easy-exit on all of our San Diego listings. Hope you were able to sell your home! Hi Anita:

I am sorry you had such an unfortunate experience with your real estate agents in Illinois. We have never charged a cancellation fee to any of our clients–for any reason. Moreover, we offer an easy-exit on all of our San Diego listings.

Hope you were able to sell your home!

]]> By: Anita Clark http://luxuryhomedigest.com/2007/09/03/cancellation-fees/comment-page-1/#comment-565 Anita Clark Fri, 09 May 2008 09:02:21 +0000 http://luxuryhomedigest.com/2007/09/03/new-real-estate-danger-cancellation-fees/#comment-565 I was threatened by a Remax2000 agent, Crete, Illinois at the end of last year to release the listing on my little,cheap $112,000 property by paying them $500 to release the listing. This goes on unchecked with the greed society now vengenful in this crashed housing market-especially back in(live in AZ now) in BTW where they get away with it often. I let the listing expire in Feb of this year, then placing it on the market By Owner after two non-performing Realtors(including the one mentioned) so I wouldn't have to repeat the same litany of excuses both used, not REASONS but rather EXCUSES,saying "someone on the Multiple will sell it." I was threatened by a Remax2000 agent, Crete, Illinois at the end of last year to release the listing on my little,cheap $112,000 property by paying them $500 to release the listing. This goes on unchecked with the greed society now vengenful in this crashed housing market-especially back in(live in AZ now) in BTW where they get away with it often. I let the listing expire in Feb of this year, then placing it on the market By Owner after two non-performing Realtors(including the one mentioned) so I wouldn’t have to repeat the same litany of excuses both used, not REASONS but rather EXCUSES,saying “someone on the Multiple will sell it.”

]]> By: The Real Estate Commission Conundrum http://luxuryhomedigest.com/2007/09/03/cancellation-fees/comment-page-1/#comment-564 The Real Estate Commission Conundrum Tue, 13 Nov 2007 15:38:02 +0000 http://luxuryhomedigest.com/2007/09/03/new-real-estate-danger-cancellation-fees/#comment-564 [...] New Real Estate Danger: Cancellation Fees Bookmark to: [...] [...] New Real Estate Danger: Cancellation Fees Bookmark to: [...]

]]> By: William Johnson GRI CRS e-PRO http://luxuryhomedigest.com/2007/09/03/cancellation-fees/comment-page-1/#comment-563 William Johnson GRI CRS e-PRO Mon, 17 Sep 2007 02:59:32 +0000 http://luxuryhomedigest.com/2007/09/03/new-real-estate-danger-cancellation-fees/#comment-563 Hi Roberta, A sensational post and a one that needs to brought out more in the individual offices. Nothing surprises me in todays market but best we all be prepared and addres some of the potential issues that crop up. The fees charged are onerous and may need to be court challenged. I hope your client is going to persue that remedy. Hi Roberta,

A sensational post and a one that needs to brought out more in the individual offices. Nothing surprises me in todays market but best we all be prepared and addres some of the potential issues that crop up.
The fees charged are onerous and may need to be court challenged. I hope your client is going to persue that remedy.

]]> By: Home Buyers, Sellers and Realtors Need to Know http://luxuryhomedigest.com/2007/09/03/cancellation-fees/comment-page-1/#comment-562 Home Buyers, Sellers and Realtors Need to Know Fri, 07 Sep 2007 13:57:39 +0000 http://luxuryhomedigest.com/2007/09/03/new-real-estate-danger-cancellation-fees/#comment-562 [...] A fellow friend and Realtor in San Diego, Roberta Murphy of Luxury Home Digest recently helped a Home Buyer who decided to back out of the contract. The Home Buyer backed out during the disclosure period. All well and good, one would think…not so in this case. [...] [...] A fellow friend and Realtor in San Diego, Roberta Murphy of Luxury Home Digest recently helped a Home Buyer who decided to back out of the contract. The Home Buyer backed out during the disclosure period. All well and good, one would think…not so in this case. [...]

]]> By: Roberta Murphy http://luxuryhomedigest.com/2007/09/03/cancellation-fees/comment-page-1/#comment-561 Roberta Murphy Thu, 06 Sep 2007 18:48:54 +0000 http://luxuryhomedigest.com/2007/09/03/new-real-estate-danger-cancellation-fees/#comment-561 Phil: I still want to believe that this incident was "abuse of discretion" on the part of that Pickford Escrow manager. Escrow cancellation fees of this enormity just haven't been showing up elsewhere. But, who knows? It is something we will certainly be shielding our real estate clients from in the future! Thanks for stopping by. Phil:

I still want to believe that this incident was “abuse of discretion” on the part of that Pickford Escrow manager. Escrow cancellation fees of this enormity just haven’t been showing up elsewhere.

But, who knows? It is something we will certainly be shielding our real estate clients from in the future!

Thanks for stopping by.

]]> By: Phil http://luxuryhomedigest.com/2007/09/03/cancellation-fees/comment-page-1/#comment-560 Phil Thu, 06 Sep 2007 17:05:16 +0000 http://luxuryhomedigest.com/2007/09/03/new-real-estate-danger-cancellation-fees/#comment-560 Yeah, dont you just hate that small print!!!!! If you would ban together against Pru and let them know that we all want that extra cash in these tough times but its not the right thing to do, then they will relent. They are just counting on grumbling but no real action Yeah, dont you just hate that small print!!!!!

If you would ban together against Pru and let them know that we all want that extra cash in these tough times but its not the right thing to do, then they will relent.

They are just counting on grumbling but no real action

]]> By: Roberta Murphy http://luxuryhomedigest.com/2007/09/03/cancellation-fees/comment-page-1/#comment-559 Roberta Murphy Tue, 04 Sep 2007 16:25:05 +0000 http://luxuryhomedigest.com/2007/09/03/new-real-estate-danger-cancellation-fees/#comment-559 Jay: My fingers have been itching to write about this incident, but I had to tame my anger. You see, I was also threatened by the escrow manager that if I wrote about this incident, I would be going up against all of Prudential and their resources. I am going to give Prudential the benefit of doubt and assume this "manager" does not speak for management. Jay:

My fingers have been itching to write about this incident, but I had to tame my anger. You see, I was also threatened by the escrow manager that if I wrote about this incident, I would be going up against all of Prudential and their resources.

I am going to give Prudential the benefit of doubt and assume this “manager” does not speak for management.

]]> By: Jay Thompson http://luxuryhomedigest.com/2007/09/03/cancellation-fees/comment-page-1/#comment-558 Jay Thompson Tue, 04 Sep 2007 16:15:22 +0000 http://luxuryhomedigest.com/2007/09/03/new-real-estate-danger-cancellation-fees/#comment-558 Oh that's just ridiculous! I just called a Title company we use often and asked them what was involved in cancelling an escrow from their perspective. The answer? "It takes a couple of keystrokes and printing a page for the file." I asked if they ever charged a cancellation fee. The answer? "Uhm, it takes a couple of keystrokes and printing a page for the file. Why would we charge for that?" Great work digging up the details Roberta! Oh that’s just ridiculous! I just called a Title company we use often and asked them what was involved in cancelling an escrow from their perspective. The answer? “It takes a couple of keystrokes and printing a page for the file.” I asked if they ever charged a cancellation fee. The answer? “Uhm, it takes a couple of keystrokes and printing a page for the file. Why would we charge for that?”

Great work digging up the details Roberta!

]]> By: Roberta Murphy http://luxuryhomedigest.com/2007/09/03/cancellation-fees/comment-page-1/#comment-557 Roberta Murphy Tue, 04 Sep 2007 03:17:41 +0000 http://luxuryhomedigest.com/2007/09/03/new-real-estate-danger-cancellation-fees/#comment-557 Gena: The best thing you/we can do is to protect our clients from these outrageous real estate fees. And I believe the place to do it is in the offer itself. Gena:

The best thing you/we can do is to protect our clients from these outrageous real estate fees. And I believe the place to do it is in the offer itself.

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