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  • Profile photo of JeeemJeeem
    Member
    @jeeem
    Join Date: 2004
    Post Count: 4
    If you recommend a lemon, are you exposing yourself to being sued for negligence?

    I was talking to Bruce Whiting (head of the Mint Group) and he said that theoretically you can’t be sued as it’s just information (just to be sure, check w/ a professional). I’ve been talking to ppl on the rdpd forum and one person said that some ppl get a solicitor to do up a contract between the investor and bird-dogger/spotter. I suppose in that contract there would be a clause that states that the bird-dogger is not liable if the property is a lemon and it is up to the investor to do the final due diligence or sumthin like that.

    Jim

    Profile photo of JeeemJeeem
    Member
    @jeeem
    Join Date: 2004
    Post Count: 4
    Get your Trust set up first, and then go for a pre-approval beofre you start looking

    I think you can add the line “and or sign” at the end of your name so in the future you can transfer the title of property into a trust or some other entity (if say you initially bought the property in your own name).

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