Reply: 1.1.1.1.1.1
From: Tibor Bode
Gail,
While I understand that the lawyers just do what they are told, but it is usually also the legal people who draw up (politicians and their legal departments), implement and interpret (solicitors, lawyers, courts) the law and while a couple of smart alexes (no win no fee which already completely stuffed up the liability insurance area and its effects can be seen widely), the same people just have absolutely no interest to simp-lify the requirements, hence reduce the cost as they are part of the system which milks RE investors (State stamp duties and various garbage taxes, new compliance requirements, etc).
Why it is not possible to pay for once for an "overall" guarantee or to give up your right to use some smart alec lawyer who tells it is your RIGHT to use "I did not understand what I was reading, signing, etc"
This leads to the same problems as it was in liability insurance. At the end of the day the consumer pays for this in higher insurance premiums, rents, etc. Then suddenly the cost would not sky balloon (all companies are looking at how to REDUCE their cost) and the legal profession would not have a free ride. One firm wanted to charge me $1000 to fill out 2 pages of that paper!!! What can one call it apart from a blatant rip-off? I finally had to pay $350 for absolutely nothing. It just does not make sense.
Tibor