FSBO Media management has been working on restructuring the company over the past several months.
“The company has been adjusting to the real estate and mortgage meltdown and will inform our shareholders in future news releases of our restructuring progress,”
said FSBO Media’s President Steve Bazsuly.
He added,
“In the past, our policy of sharing our business plan and ideas with potential acquisition targets or joint venture partners has proven unsuccessful. Ultimately once we disclosed our business plan and placed it on the table for discussions, the acquisition target used our ideas and information to develop their own business model without our involvement even though we jointly executed non-circumventions and non disclosures. Our choice is to defer litigation at this time, as it would put financial burdens on our company. Our time and capital are being directed in developing a new and exciting business model.”
Bazsuly concluded,
“Sadly, the days of handshakes, written agreements and fair play have been drowned out by greed and stupidity. Accordingly, we will not make any disclosures until the day we launch.”
Full Press Release: marketwire.com
Miami Beach, FL (PRWEB) November 16, 2007 – Years ago many real estate transactions were not in writing. Landlords and tenants, buyers and sellers, made agreements by accepting the others word as a solemn promise. Today, when buying or selling a home, accurate, legal documentation is crucial to managing real estate matters.
Fizber.com, a FSBO website, has recently started to provide real estate forms as part of their For Sale by Owner package. “If home sellers encounter a buyer who wants to buy their property, but do not know how to get a written contract offer prepared, we help them get the necessary forms for their state because our goal is to make a Fizzbo transaction as easy and comfortable as possible,” says Julia Foster, PR Manager for Fizber.com. “It’s always a good idea to get it in writing while you are both agreed on what you want to do and the ideas are still fresh in both your minds”.
One can’t deny the importance of having a written contract in order to have maximum protection during the real estate transaction. Fizber.com provides access to most typical real estate forms. Typical forms used in a real estate transaction include an Offer to Purchase, Real Estate Sales Contract, Residential Disclosure Statement, and various other forms including a Rental Agreement…
Full story: PRweb.com