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Posted: 5/8/2004 8:46:53 AM EDT
[#1]
I have never heard of a CAP reveiw. My mom was in real estate for 15 years and I have recently sold and bought a house.
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Posted: 5/8/2004 8:51:51 AM EDT
[#2]
Did they get paid out of close? If so, there is a good chance that he entered the wrong client number in the billing software.
I did that once, and caught it, and now I enter all my billing by name to avoid that mistake (I use "juris" which uses serial number type numbers for clients) |
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Posted: 5/8/2004 8:55:58 AM EDT
[#3]
I have been a real estate lawyer for almost 25 years, now, and the only time that I have ever heard of the term 'cap' is in relation to adjustable rate mortages (ARMs), which sometimes have 'caps' for the maximum amount of interest that can be charged.
But looking at the way that law firm specified its bill - it may have something unique to do with the type of housing that you sold. Was it a condominium? That could explain the 'Common Areas....', or the 'CA' of the 'CAP', and the fact that a 'Board' was involved. Condo regimes are run by Boards, usually, and this could stand for some formula for determining common area assessments, etc. Call the law firm and ASK what the 'F' they mean in their bill!  I'm certain they will be happy to explain it! And then send you another bill for their time in explaining the previous bill! Eric The(NowYouSeeWhyLawyersAreSoPopularWithFolks!)Hun 
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Posted: 5/8/2004 8:56:04 AM EDT
[#4]
I paid them at closing time 6 months ago- all I can figure is they have me confused with someone else. I can't find any definition for CAP related to real estate law. Mr. Hun- No, no common areas, was just a straight house to house transfer. I'm puzzled, but will probably have to wait till Monday to figure this out. |
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Posted: 5/8/2004 8:57:11 AM EDT
[#5]
I think they've sent you something meant for someone else. I googled CAP in a variety of ways and could find nothing. The reference to a board meeting doesn't seem likely to relate to you. Did any kind of board have anything to do with your property or sale? Committee for Academic Personnel (CAP) is the closest I could come to something that would relate to a Board (School).
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Posted: 5/8/2004 9:01:43 AM EDT
[#6]
Nightstalker- thanks for looking, I found alot of stuff on Committees to Protect a Aborignal People's. but nothing related to me.
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