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Show Rose (1/1?/83) nage 39 Mr. K Let's say, if he got vou a !S,OOO loan, he would sell you back vour house for SS,SOO. And if he was paving, say, in those days, 4( or 5( interest on the loan, then· he would charge you 2~ ~ore, so he was getting a 2( override for his expenses for keeping the books plus he was getting maybe 5( or 10%, or whatever it was, override for reselling you your house. Then he was responsible to the bank, you weren't. You were responsible to him. If you didn't pay when you had to there was no excuse at the bank, he would nay the bank. So, it was a worthwhile deal for both people, but in his closing costs in those deals, he would charge these ~eople only ~?.50 an abstract, and paying me $2.50. He was cleaning ~e for $5.00, and I can't tell you how many years he did that. Well, finally I got to the point where it was a lot easier for me to handle abstracts, and I finally got raised to $3.50, I got a $1.00 on the abstracts. I guess by that time he was getting $10.00 or more, I don't know, because I was charging $25.00 when it was an outside job, $25.00 if it was over 50 pages. That was the first modification I got. If it was over so many pages then I got $.50 from him, then I got a $1.00 on top of that when I finally got smart enough to protest •. not smarter, but more secure, because my ~~i ldlra practice was ~9~teTL Then I got some title actions from him and that's how I became, in my opinion, one of the leading real estate men in this co~munity. Then I can collaborate that by the fact that Boyer sent me real estate problems to handle, a lot in the area particularly in boundr1es and disputed right or way and stuff like that. I handle quite a b1t of that. What are some of the most dramatic images that stay 1n your mind |
