Published: Friday, October 22, 2010, 6: 30 P.m.
Alabama Realtors have received $7,511,516.53 cancelled by Ken Feinberg oil Czar to assist officers in five States Gulf of Mexico injury by the Gulf oil spill Fund, Association of Realtors of Alabama said Thursday.
A total of 850 applications were filed by agents licensed in Alabama during the past two months, with nearly 500 of these service providers to obtain compensation, said Danny Cooper, Executive Vice President of association based on Montgomery.
"Probably 200 requests have so far been refused for reasons", he said.Some agents will need to add more information to their documents claim, but then likely will be compensated, he said.
Real estate agents began reporting cancelled contracts of sale and loss of income, shortly after the horizon of deep well oil reached the coast.Feinberg spill of BP PLC claims resumed on August 23 and 60 million for Realtors; designated 15 dollars.Floride million, $ 16 million obtained Alabama and Mississippi, $ 1.5 million.
Alabama, Realtors may initially require as much as $18,000 chacun.Cooper said that, so far, 15 officers have qualified for more than this amount.
Catastrophe National expert group, a company of Indianapolis hired by REALTOR State groups to manage claims, has set up offices in Robertsdale and mobile, with plans to stay as long as agents continue to file claims according to Cooper.
The process requires strict documentation, said Jeff Newman, Executive Director of the Association of Realtors in the mobile space.
"There is no guessing", he said."It was to be legitimate and verifiable.
Any claims received directly from BP before the current process of claims must be reported, he said.
Alabama claims are based on the value of the transactions closed a first 2009.Tout agent, there is a comparison business agent of that from January to April of this year, then agents are requested to provide information on their activities after the spill - in may, June and July, according to Cooper.
Mobile County eligible agents business addresses in the South of Hwy 10 or three postcodes mobile-zone - 36695, 36608 and 36609, Cooper said, while agents eligible Baldwin county South of 10 or a postcode in Spanish fort.
"We've added these postcodes after having spoken to Feinberg," said Cooper .the ' State and local groups provided real estate agent documentation that many agents in mobile County do a considerable amount of business in the Gulf, he said.
At the end of the process, Cooper said, any sum of 15 million awarded to Alabama to the left will be returned to Feinberg.?
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