I also was sued and at the end of the day it is the insurance company that hires the lawyers and pays the settlement.

I have a building in Berwyn, IL that is from the 1950's and we have some settlement cracks in all of the ceilings.

This is exactly the framework I was looking for.

There are attorneys who make millions just going after mail order businesses just for failing to disclose part of the shipping costs on their orders, every buyer gets a $5 coupon and they get 50% of the settlement of 5 million.

Over time you may work with many attorneys and even withing real estate you will find specialties; Settlements, tax sale, foreclosure, transactional, landlord/tenant, zoning. etc.

I have done a few settlements with them and they are great to work with.  

Once you create a legal framework, it has budgetary implications—and states can respond in a meaningful way.”   

It is usually up to the seller and the buyer to try and clear up any liens at or prior to settlement.

Thats about a year of my net cashflowanyway i have a few questions to ask him.. i see a $3750  charge for points which him and i never spoke about... let me know if i have something i can negotiate or should i find a different mortage lenderPURCHASE PRICE: $250,000LOAN AMOUNT: $187,500INTEREST RATE: 7.990%APR: *8.370%TERM (MOS):360PAYMENT :**$1,895.50CASH TO CLOSE: $75,447.42250K PRICE 2 UNIT HOME INVESTMENTDOWN PMT/EQUITY: $62,500.00 LOAN TO VALUE: 75.000%APR COSTS: $2,819.67NON-APR COSTS: $2,647.75POINTS: $3,750.00UFMIP/FF/GF/SP: $0.00PREPAIDS: $3,730.00CONTRIBUTIONS: $0.00EARNEST MONEY :$0.00CASH TO CLOSE: $75,447.42FEE DETAILHazard Insurance Reserves: $250 Hazard Insurance Premium: $1,500 Taxes Reserves: $1,980 Application Fee: $1,280 Points: $0 Appraisal Fee: $675 Credit Report: $37 Flood Certification Fee: $8 Tax Service Fee: $68 Title-Courier/Exp Mail Fee: $80 Closing Protection Letter: $75Electronic Document Delivery: $25 Title Endorsement: $100 Title Examination: $100 Title-Lender Title Insurance: $843.75 Title-Settlement/Closing Fee: $625 Recording Fees: $470 Buyer's Attorney: $1 Title - NJ Tideland: $20 Title - NJ Upper Court: $13 Title - Notary Fee: $25 Title - Notice of Settlement: $40 Title - Recording Service: $10 Title - Search : $13 Title - Tax Search: $35 Title - Transaction Management: $35Title Abstract : $175 Title Bankruptcies: $13 Title Municipal Search: $55 Title Wire Transfer: $30

Co-insurance requires you to insure to a certain percentage of replacement value in order to not incur a penalty in a claims settlement.