Posted by River City on September 10, 2005 at 19:38:53:
That’s the way to do it! Kick them while they are down! Make sure they cannot get up!
No One Seems to Know - Posted by Stella MA
Posted by Stella MA on September 10, 2005 at 17:51:48:
I’ve asked 3 attorneys and no one has come up with an answer to the following: I became aware that someone who had his property foreclosed upon was due approx. $20K from the surplus that was bid over the total owed. He doesn’t know this money is his, and I want to make him aware of it, and charge 5% ($1K) for this knowledge. Thing is, the city clerk says they’ll only make out the check to the titleholder, and I’m afraid he’ll keep the full $20K and not pay me my fee.
Is there a way to structure this so I can be sure to get paid? Sure, I can have a contract between me and the titleholder, but it wouldn’t pay for me to sue him for $1K in case he didn’t perform. Can I see if the city clerk would send the $20K to an escrow acct, with the escrow agent disbursing the funds in accordance with a contract? Can I have the titleholder give me an LPOA for this transaction?
Re: No One Seems to Know - Posted by Jack
Posted by Jack on September 10, 2005 at 20:58:12:
I don’t blame you for wanting to make a buck for providing someone with information they might not recieve otherwise. But, the answer to your question is: probably not. Frankly, for only $1,000 I would not even bother. They will probably figure it out before signing the contract, and you will have wasted a lot of time for nothing.