The verdict is in! Local real estate company owner, Richard Davis, sued A&E for $7.5 million over a contract to split profits from the TV pilot show, Flip this House. During the 1st season, Davis was created as the creator but never received payment from the wildly popular show. This week the jury awarded Davis $4 million in damages for breach of an oral contract.
You can imagine that Davis and his legal team are happy with the verdict. His attorney admitted, "...It's very tough to prove you had an oral contract with a major network." A&E sure is disappointed and I imagine an appeal will be filed.
What's the moral of this story? GET IT IN WRITING!!!!
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Myth 10: If something appears on the inspection report, the seller has to fix it.
I'm GUILTY! I've been so busy in December but the KUDOS goes to...
Myth #9 All mortgages are essentially the same.
Myth #8 Getting a mortgage should be quick and easy
S.C. ranks sixth in nation for home value appreciation over the past year
Myth #7 Foreclosures are the best deal.
Dorchester County, SC has voted for a plan in place to manage growth
Myth #6 Buying a house is as simple as agreeing on price and signing a few papers.
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