Kordas and Marinis

I am very disappointed with the complaint and accusations of *** *** especially in light of the fact that the clients recognized our hard work and never disputed that we expended more than hours on this transaction and because we achieved all of the clients’ goals, including, but not
limited to, avoidance of forfeiture of the clients’ downpayment of $99,and securing an additional credit of $33,against the purchase priceMy firm was retained by *** *** and *** *** to represent them with respect to their purchase of a two family townhouse in *** *** *** and they were extremely satisfied with the results of our efforts, but unwilling to compensate us pursuant to the terms of the Engagement Letter, even after we extended a steep discountFrom the outset, this was not a typical real estate transactionThe purchasers were fearful of a bidding war and they were very anxious to secure an executed contractThe day that I was introduced to the clients, I performed internet searches, secured and reviewed the contract of sale, obtained a preliminary title bill to estimate closing costs, and communicated with their lender and brokers, and the property was inspected and the contract and downpayment check were delivered to seller’s attorney within two days, all at the purchasers’ insistenceAfter the seller’s attorney received the contract, we were able to secure additional concessions from the seller to perform certain repairs identified in the home inspection report and purchaser’s broker agreed to a $5,broker’s concession because of discrepancies between the listing and the appliances actually in the homeThe contract was finalized on March **, and the loan application was submitted to *** the following dayI met with *** *** and *** *** on March **, and they were very satisfied that we were able to negotiate and secure the contract of sale with seller’s concessions to perform certain repairsThat day, I provided a statement showing that we had expended hours from March *** to the *** and we discussed and they agreed upon my hourly rate of $going forward and we executed an Engagement Letter and, soon thereafter, I received a check for the retainer in the sum of $2,However, as the transaction progressed, it became clear that there were issues with seller’s work and the missing central air-conditioning system, which jeopardized the transactionIn order to protect my clients’ interests and desires (which I am unable to discuss due to privilege), and their contract downpayment of $99,900.00, the need to strongly dispute seller’s work and approvals and discrepancies between the equipment in the property listing and what was actually at the premises, was discussed and agreed upon by my clients in light of seller’s threats to place purchasers in default of the contract to cause a forfeiture of the downpayment I was in constant contact with my clients and they were apprised and authorized me as to every step that was taken, as evidenced by the exceptional amount of emails between me, the clients, the seller’s attorney, lender and brokers from March *, to the closing on May *, 2015, emails to be exactFurther, I met with and advised my clients as to their various options, including commencing legal proceedings against the seller seeking a declaratory judgment and specific performance due to seller’s refusal to comply with the terms of the contract of sale, as well as additional remedies, including those pursuant to Section of the General Business Law for deceptive acts and unlawful practices against the seller and the listing brokerI was authorized by *** *** and *** *** to conduct research and prepare and serve demands and default notices, but not to actually commence legal proceedings because of the high cost of litigation and, at the end of the day, after numerous demand letters and default notices, and through many hours of negotiations, we achieved all of the clients’ goals, not only securing them the option to terminate the contract of sale with the return of the full downpayment of $99,to purchasers, but also the option to close with a credit of $33,if favor of purchasers, with contributions from the seller, the listing broker and the purchaser’s brokerMy clients elected not to cancel the contract of sale and to close the transaction with a credit of $33,and we closed this transaction on May *, At the closing, I presented my statement for hours from March ** to May *, 2015, which showed a balance of $10,643.75, and the clients said that they couldn’t afford the legal fees even though they were greatful for receiving a $33,credit through my efforts at the closing and we successfully avoided having to litigate over the almost $100,downpaymentOver the course of the three months, daily telephone calls, numerous meetings and almost emails, it’s almost impossible not to grow close to clients and, with twenty-five (25) years’ experience in the real estate field, I knew that they had run into a seller that was not acting in good faith and trying to take advantage of my clientsAccordingly, in order to help this young couple, I offered a 50% discount on the balance of $10,and to accept the sum of $5,in full and final settlement, payable $2,within a week of the closing and the sum of $3,payable in six (6) equal monthly installments of $commencing August **, 2015, which I thought that they would agree upon until the father of *** *** intervenedMy clients failed and refused to make any payments and I was compelled to commence legal proceedings in the Civil Court, which the clients adjourned twiceMy firm is relatively small with four attorneys and I believe that my offer to accept less than 50% of our legal fees was very generous, especially in light of the fact that *** *** recognized our efforts and the fact that we achieved all of the clients’ goalsI am hopeful that *** *** will make a good faith effort to honor his obligations to me and my firm and make a full retraction of his wrongful, hurtful, and clearly retaliatory complaint

I am very disappointed with the complaint and accusations of *** *** especially in light of the fact that the clients recognized our hard work and never disputed that we expended more than
hours on this transaction and because we achieved all of the clients’ goals, including, but not limited to, avoidance of forfeiture of the clients’ downpayment of $99,and securing an additional credit of $33,against the purchase priceMy firm was retained by *** *** and *** *** to represent them with respect to their purchase of a two family townhouse in *** *** *** and they were extremely satisfied with the results of our efforts, but unwilling to compensate us pursuant to the terms of the Engagement Letter, even after we extended a steep discountFrom the outset, this was not a typical real estate transactionThe purchasers were fearful of a bidding war and they were very anxious to secure an executed contractThe day that I was introduced to the clients, I performed internet searches, secured and reviewed the contract of sale, obtained a preliminary title bill to estimate closing costs, and communicated with their lender and brokers, and the property was inspected and the contract and downpayment check were delivered to seller’s attorney within two days, all at the purchasers’ insistenceAfter the seller’s attorney received the contract, we were able to secure additional concessions from the seller to perform certain repairs identified in the home inspection report and purchaser’s broker agreed to a $5,broker’s concession because of discrepancies between the listing and the appliances actually in the homeThe contract was finalized on March **, and the loan application was submitted to *** the following dayI met with *** *** and *** *** on March **, and they were very satisfied that we were able to negotiate and secure the contract of sale with seller’s concessions to perform certain repairsThat day, I provided a statement showing that we had expended hours from March *** to the *** and we discussed and they agreed upon my hourly rate of $going forward and we executed an Engagement Letter and, soon thereafter, I received a check for the retainer in the sum of $2,However, as the transaction progressed, it became clear that there were issues with seller’s work and the missing central air-conditioning system, which jeopardized the transactionIn order to protect my clients’ interests and desires (which I am unable to discuss due to privilege), and their contract downpayment of $99,900.00, the need to strongly dispute seller’s work and approvals and discrepancies between the equipment in the property listing and what was actually at the premises, was discussed and agreed upon by my clients in light of seller’s threats to place purchasers in default of the contract to cause a forfeiture of the downpayment I was in constant contact with my clients and they were apprised and authorized me as to every step that was taken, as evidenced by the exceptional amount of emails between me, the clients, the seller’s attorney, lender and brokers from March *, to the closing on May *, 2015, emails to be exactFurther, I met with and advised my clients as to their various options, including commencing legal proceedings against the seller seeking a declaratory judgment and specific performance due to seller’s refusal to comply with the terms of the contract of sale, as well as additional remedies, including those pursuant to Section of the General Business Law for deceptive acts and unlawful practices against the seller and the listing brokerI was authorized by *** *** and *** *** to conduct research and prepare and serve demands and default notices, but not to actually commence legal proceedings because of the high cost of litigation and, at the end of the day, after numerous demand letters and default notices, and through many hours of negotiations, we achieved all of the clients’ goals, not only securing them the option to terminate the contract of sale with the return of the full downpayment of $99,to purchasers, but also the option to close with a credit of $33,if favor of purchasers, with contributions from the seller, the listing broker and the purchaser’s brokerMy clients elected not to cancel the contract of sale and to close the transaction with a credit of $33,and we closed this transaction on May *, At the closing, I presented my statement for hours from March ** to May *, 2015, which showed a balance of $10,643.75, and the clients said that they couldn’t afford the legal fees even though they were greatful for receiving a $33,credit through my efforts at the closing and we successfully avoided having to litigate over the almost $100,downpaymentOver the course of the three months, daily telephone calls, numerous meetings and almost emails, it’s almost impossible not to grow close to clients and, with twenty-five (25) years’ experience in the real estate field, I knew that they had run into a seller that was not acting in good faith and trying to take advantage of my clientsAccordingly, in order to help this young couple, I offered a 50% discount on the balance of $10,and to accept the sum of $5,in full and final settlement, payable $2,within a week of the closing and the sum of $3,payable in six (6) equal monthly installments of $commencing August **, 2015, which I thought that they would agree upon until the father of *** *** intervenedMy clients failed and refused to make any payments and I was compelled to commence legal proceedings in the Civil Court, which the clients adjourned twiceMy firm is relatively small with four attorneys and I believe that my offer to accept less than 50% of our legal fees was very generous, especially in light of the fact that *** *** recognized our efforts and the fact that we achieved all of the clients’ goalsI am hopeful that *** *** will make a good faith effort to honor his obligations to me and my firm and make a full retraction of his wrongful, hurtful, and clearly retaliatory complaint