Mail Bag

Following are some of the more thoughtful comments sent to us this week.

Thank you for sending your article to me. I greatly appreciate understanding the “why” of filling in the blanks. My broker sent out a blanket email sometime last year stating that all blanks needed to have something in them — no explanation, no reason, just do this or you won’t get paid. Now that I understand *why* I can completely understand the importance of leaving no empty lines. Without your complete explanation, I wouldn’t have known.

Dear Insider:
I was cheated out $30,000 or more (depending on interpretation) ,after I fell into the subprime trap and was forced to sell, by RE Agents in 2006. In my attempt to sue without a lawyer (too small a peanuts for them), I “shot myself in the foot”. Nontheless, I am convinced that changes were made to my RPA after it left my hands. I can detail changes made in the escrow instructions on a time line. The escrow officer who was supposed to handle the account was called out of town during the time that my escrow was supposed to be completed and someone else handled it. During the time I was trying to sue, the RE Company who employed the worst offending RE agent, hid, from me, the fact that their agent no longer was employed by the Company and was on the East Coast undergoing Bankruptcy proceedings. If I could show that the escrow instructions were left blank and were changed without my consent, could I still have any legal recourse?

I am a real estate broker with over 30 years of experience. I have seen two recessions. When government made policies to get everyone into a home, whether they could afford one or not, and it didn’t work, they try to shift the blame, as is happening here. I personally heard Allen Greenspan and Barney Frank apologize for their part in the current melt-down and financial policies. Oil prices, due to inflationary governmental policies, jumped on the band-wagon to beat us up while we’re down, just like in the last recession. Obviously, government does not have a crystal ball regarding property values and the effect of their policies, so they are unreasonable to request others who follow their policies to do any better. This lawsuit is another example of governmental misdirected waste of taxpayer money against the private sector in a further attempt to shift blame. Instead of lawsuits, what government should be doing now is stimulating liquidity for the private sector.