Central District Consumer Bankruptcy Attorney's Association

Judge Zurzolo recently opined from the bench that with companies like
Purple Bricks (and others) taking a
smaller/fixed fee and potentially changing the landscape, we need to
beware that the sale cost may be shrinking and altering our calculations
and outcomes.
Hale
On 12/4/2018 12:36 PM, 'Steven B. Lever' sblever@leverlaw.com [cdcbaa]
wrote:
>
> Yes, but the real cost can be less.  It presumes 6% for realtors
> commission
>
>
> Steve Lever
>
> Sent from my iPad.
>
> On Dec 3, 2018, at 4:35 PM, Webblaw@Gmail.com
> [cdcbaa] > wrote:
>
>> Its been a while since I had to do a chapter 7 real property cost of
>> sale analysis.   Is 8% cost of sale still the best number?
>>
>> Larry Webb
>>
>>
>>
>> California Board of Legal Specialization
>>
>> Certified Specialist in Bankruptcy Law
>>
>> Map Location
>>
>>
>> WEBSITE
>>
>> Webblaw@gmail.com
>>
>> P 805.987.1400
>>
>> C 805.750.2150
>>
>
*/Hale Andrew Antico/*
(888) 54-BKLAW
http://www.los-angeles-bankruptcy.net
/Vice-President, Central Dist Consumer Bankruptcy Attorneys' Assn.(CDCBAA)/
/Past President, James T. King Bankruptcy Inn of Court/
/Member, National Association of Consumer Bankruptcy Attorneys (NACBA)/
/We are a federally designated Debt Relief Agency under the United
States Bankruptcy Laws./
/We assist people with finding solutions to their debt problems,
including, where appropriate, assisting them with the filing of
petitions for relief under the United States Bankruptcy Code./
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The post was migrated from Yahoo.

Its been a while since I had to do a chapter 7 real property cost of sale
analysis. Is 8% cost of sale still the best number?
Larry Webb
California Board of Legal Specialization
Certified Specialist in Bankruptcy Law

The post was migrated from Yahoo.

Industry standard is 8 for developed property and 10 for raw land. Most brokers will shave a point in order to make a deal work though.
Sent from my iPhone
On Mar 18, 2016, at 6:05 PM, korompisn@yahoo.com [cdcbaa] wrote:
Is it reasonable to use 10% for the cost of sale of the home in calculating the liquidation analysis?
I have seen 8% and 10% used, and wondering if anyone has experienced pushback on the latter.
Thank you.
Industry standard is 8 for developed property and 10 for raw land. Most brokers will shave a point in order to make a deal work though.
Sent from my iPhone
On Mar 18, 2016, at 6:05 PM, korompisn@yahoo.com [cdcbaa] <cdcbaa@yahoogroups.com> wrote:

Is it reasonable to use 10% for the cost of sale of the home in calculating the liquidation analysis?
I have seen 8% and 10% used, and wondering if anyone has experienced pushback on the latter.
Thank you.

The post was migrated from Yahoo.