Comments on: Update: paid too much for their house http://overlawyered.com/2008/04/update-paid-too-much-for-their-house/ Chronicling the high cost of our legal system Tue, 14 Feb 2012 16:26:11 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Alan Kellogg http://overlawyered.com/2008/04/update-paid-too-much-for-their-house/comment-page-1/#comment-11559 Alan Kellogg Fri, 11 Apr 2008 21:04:10 +0000 http://overlawyered.com/wpblog/?p=6085#comment-11559 Everybody's been over paying in this housing market. Been following this story on the local (San Diego) news. When I heard the suit had been shot down my reaction was, "They couldn't haggle?" Of course real estate agents are out to maximize their commission, expecting a flat out honest deal from a real estate agent is like expecting a coherent sentence out of a toddler. When it happens it's a most singular occasion. Everybody’s been over paying in this housing market.

Been following this story on the local (San Diego) news. When I heard the suit had been shot down my reaction was, “They couldn’t haggle?” Of course real estate agents are out to maximize their commission, expecting a flat out honest deal from a real estate agent is like expecting a coherent sentence out of a toddler. When it happens it’s a most singular occasion.

]]> By: Jay Thompson http://overlawyered.com/2008/04/update-paid-too-much-for-their-house/comment-page-1/#comment-11558 Jay Thompson Fri, 11 Apr 2008 14:36:30 +0000 http://overlawyered.com/wpblog/?p=6085#comment-11558 I would hope that Little counter-sued (if that's the term) the Ummels for his legal expenses. As a real estate broker, I must say it would be interesting to get a ball-park estimates of the agent's defense costs. I would hope that Little counter-sued (if that’s the term) the Ummels for his legal expenses. As a real estate broker, I must say it would be interesting to get a ball-park estimates of the agent’s defense costs.

]]> By: Anonymous Attorney http://overlawyered.com/2008/04/update-paid-too-much-for-their-house/comment-page-1/#comment-11557 Anonymous Attorney Fri, 11 Apr 2008 13:41:58 +0000 http://overlawyered.com/wpblog/?p=6085#comment-11557 Todd, the case in the post surely took no less than $50K to defend and could easily have cleared $200K. Todd, the case in the post surely took no less than $50K to defend and could easily have cleared $200K.

]]> By: Todd Rogers http://overlawyered.com/2008/04/update-paid-too-much-for-their-house/comment-page-1/#comment-11556 Todd Rogers Fri, 11 Apr 2008 13:11:30 +0000 http://overlawyered.com/wpblog/?p=6085#comment-11556 Would one of you fine people with "Esq" after your name please tell me how much it might cost to defend one's self against such a claim? Are we talking about $20,000, $50,000, $100,000? Just the cost from the moment the client says, "I've got a problem, can you help me?" to the "Thank you for your business" letter.<p>This guy's book of business is a whole different matter. He could probably spin it: "I'm so good even a civil jury thinks so"...or "You can count on my prices, just ask the Ummels." But I would guess his real estate practice might well end here soon.</p> Would one of you fine people with “Esq” after your name please tell me how much it might cost to defend one’s self against such a claim? Are we talking about $20,000, $50,000, $100,000? Just the cost from the moment the client says, “I’ve got a problem, can you help me?” to the “Thank you for your business” letter.

This guy’s book of business is a whole different matter. He could probably spin it: “I’m so good even a civil jury thinks so”…or “You can count on my prices, just ask the Ummels.” But I would guess his real estate practice might well end here soon.

]]> By: Anonymous Attorney http://overlawyered.com/2008/04/update-paid-too-much-for-their-house/comment-page-1/#comment-11555 Anonymous Attorney Fri, 11 Apr 2008 11:00:27 +0000 http://overlawyered.com/wpblog/?p=6085#comment-11555 This could inspire other avenues of litigation in this topsy-turvy real estate market: * Sued mortgage bank because it didn't make clear enough that money would have to be paid back * Sued realtor after property value dropped because realtor did not disclose possibility of that happening * Sued realtor because property value went up, and now taxes are higher This could inspire other avenues of litigation in this topsy-turvy real estate market:

* Sued mortgage bank because it didn’t make clear enough that money would have to be paid back

* Sued realtor after property value dropped because realtor did not disclose possibility of that happening

* Sued realtor because property value went up, and now taxes are higher

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