Category Archives: BP Real Estate Settlement
How can you receive the BP Settlement you deserve?
Not only did the April 2010 BP oil spill cause extreme damage and devastation to the environment, it also had a ripple effect throughout the entire economy of the Gulf Coast of the United States. Businesses and Individuals in the affected areas saw a decline in revenue and earnings following the incident as a direct result of the lack of tourism, rising prices of seafood, and many other factors. The first response for economic reimbursement was the GCCF, later replaced by the BP Settlement which now oversees all claims.
How do I know if I qualify to file a BP claim?
To be eligible to file a valid BP Settlement claim, a business or an individual’s business address must fall within one of the specified BP Economic Loss Zones. The claimant must also make sure that the nature of their business is not included on the list of ineligible entities. At this point, financial documentation will need to be provided to prove the loss.
BP Settlement Individual Claims
Individual claimants will need to provide tax documents and pay period earning statements from at least 2009-2011 to show that their hours or wages were reduced as a direct result of the spill. Most individuals also will need to establish an eligible employer by having an authorized business representative submit a sworn statement that the employee’s financial losses were directly related to the spill.
The amount of compensation an individual can expect to receive is directly correlated to the amount of money they lost in the compensation period as compared to the benchmark period. Therefore, every payout will vary on a claim to claim basis.
BP Settlement Business Claims
Businesses outside of Zone A must prove their damages by passing a causation test. The causation test is an algorithmic calculation which uses financial figures from a business’s monthly profit and loss statements to determine the eligibility of the claim. This test uses the provided figures to try to find a certain percentage of decline in revenue in the months following the spill in 2010, as compared to those same months in 2009. The financials should also show a certain percentage of uptake in those same months in 2011. The percentage of decline in 2010 and incline in 2011 that are needed to pass the “V-trend test” will vary based upon which geographical zone the businesses address falls within.
The amount of compensation a business can expect to receive is based upon which zone the business is located in, the nature of the business as evidenced by the NACIS code, and the amount of loss in the compensation period. Once again, the amount of compensation will vary on a claim by claim basis, as many factors come into play for business claims.
Is there a quick way to find out my eligibility?
For a BP Settlement business claim, we can run the basic financials through our preliminary calculator and quickly determine if the claim passes causation or if it does not. For a preliminary calculation we would need:
The business address
Monthly Gross Revenue for Jan 2007-Dec 2011
If the business passes causation we would then need further documentation to calculate the businesses estimated compensation amount and to make the claim complete under the guidelines of the Deepwater Horizon Settlement.
Do I Need to Hire a Professional?
It is not completely necessary to hire a professional. Many people file claims on their own without representation. However, there are many reasons why you might choose to seek guidance on this matter. We hear from business and individual claimants every day who have filed claims on their own and are being delayed with multiple incompleteness notices and are frustrated and fed-up.
The Court-Supervised 1,300 page BP Settlement is an extremely detailed and convoluted document which can be overwhelming and disheartening to those who have no prior experience with the legal components that professionals are equipped to handle.
What Services do we offer?
Our team of experts helps you gather and prepare the needed documents for review. The claim is then assessed for eligibility, completeness and validity. Business claims are calculated either by a CPA or under the direct supervision of a CPA to ensure accuracy of the expected compensation figure. At this time the complete claim will be filed.
Once the claim is filed to the Deepwater Horizon Settlement, should there be any discrepancies regarding paperwork or financials, we work with the client to handle all incompleteness notices, requests for reconsideration, re-reviews, appeals, and denial notices. Clients may always feel free to contact us regarding the status of their claim, and know that we notify them immediately when we have any deadlines pending.
How do I begin the process of filing my claim?
There is only a short time remaining to file all claims to the Deepwater Horizon Settlement, the deadline being April 22, 2014. Call us today for a free claim assessment. If you have your preliminary documents in order, we may be able to quickly run a calculation to determine your eligibility. Call 1-800-BP-CLAIM or complete the BP Settlement form on the right and someone contact you shortly thereafter.
Author: W.C. Bohack
The Court-Supervised Deepwater Horizon Settlement was set forth to compensate businesses and individuals that were financially harmed by the oil spill explosion caused by BP in April of 2010. BP has estimated the costs related to compensating claims to be 7.8 billion dollars; however, there is no cap on the total amount that will be paid out. The total amount of compensation will depend upon the number of qualifying claims that receive an offer. Therefore, the estimated 100,000 claims being filed may end up receiving less than the 7.8 billion dollars that has been set aside, or more.
Is anyone excluded from filing to the Deepwater Horizon Settlement?
There are certain industries that BP has excluded from the Settlement. Those who owned a business in or worked within any of the industries listed below are ineligible to file claims to the Deepwater Horizon Settlement.
- Governmental Organizations
- Real Estate Developers
- Insurance Entities
- Financial Institutions, Funds, Financial Trusts, and other Financial Vehicles
- Oil and Gas Industry Entities
- Entities selling or marketing BP-branded fuel
- Gaming and Casino Entities
- Those who chose to exclude themselves from the Economic Class
- Those that were required to file under the Oil Pollution Act
How can I determine my eligibility to file a claim?
Businesses and Individuals in almost any other industry may be eligible to file a claim providing the physical address of their business or employer from the time of the spill falls within one of the designated “Economic Loss Zones”. These are geographic regions that have been recognized by BP as areas that were either directly or indirectly affected by the spill.
How can I determine my business loss?
After you have determined that your business was located within an Economic Loss Zone, it will be time to take a look at your financials.
All businesses, (except those located in Zone A) will need to prove their damages (causation) by showing a specific percentage of lost revenue, lost variable profit, and loss of potential revenue growth in the selected months of 2010, as compared to the same months in the benchmark period. They will also need to show a specific amount of uptake in those same months in 2011. This revenue pattern is referred to as the V-trend and if the financial documents follow this pattern, the business automatically proves causation.
What documents do I need to provide for a Deepwater Horizon Settlement claim evaluation?
The initial causation test is a complex, formulaic calculation which can quickly determine whether your business qualifies under the settlement, and roughly how much compensation you are eligible to receive. The preliminary test requires the following:
- Business Address
- NAICS code
- Gross Revenue Statements from Jan 2007- Dec 2011 (or a minimum of Jan 2009-Dec 2011)
After this calculation, if it is determined that the claim is valid, additional paperwork will be needed to make the claim complete under the guidelines of the Deepwater Horizon Settlement.
Why Should I Seek the Help of a Deepwater Horizon Settlement Claims Preparer?
The Court-Supervised Settlement Agreement is a 1,300 page document filled with complexities and intricacies that can be confusing and frustrating to those with no experience in this field.
Our team of experts prepares and files claims that have been checked for accuracy and validity. We help the client prepare all necessary documents and ensure the claim is complete before it is filed.
Our financial calculations are preformed either by a CPA, or under the direct supervision of a CPA, to ensure we come as close to the actual compensation amount as possible.
Should there be any discrepancies from the settlement once the claim has been filed, we handle all incompleteness notices, appeals, re-reviews, reconsiderations, or denials in a timely manner.
We fight for our clients and push the claim as far as it can possibly go within the Deepwater Horizon settlement. If the claim cannot proceed any further, and the claimant does not receive a settlement, they owe us nothing.
Time is Limited – Act Now!
If you have your paperwork ready, we can quickly calculate whether or not your business qualifies under the guidelines of the settlement. Time is running low; with the deadline to file all claims being April 22, 2014. The more quickly we can gather the documents, evaluate and file the claim, the more quickly it can be reviewed and paid out through the settlement.
If you’ve ever wondered if you qualify to file a BP Claim and you have the preliminary documents at hand, call us today or fill out the form on this page to speak to claims representative immediately. Help is just a phone call away.
BP Claims Advisers LLC
It seems rather ironic that on July 8th, shortly after our Country`s Celebration of Independence, BP will continue it’s pursuit to exclude certain groups from the BP Settlement, it`s not enough they poisoned our waters, left many with out work, and left many seriously ill. They continue to turn a blind eye to the trickle down affect of our local economies.
BP is asking for a one sided ruling from the Fifth Circuit. It should not be granted.
It is Amazing how BP is arguing against compensating claims based on the Settlement Agreement they set up, because they feel it unfairly treats some claimants due to mathematical anomalies in the claims formula.
What you don’t hear them stating is, if their position is granted, they should reopen the causation testing process and claims process to all of the Gulf Coast businesses in Zone C and D that were turned away from compensation due to unfortunate timing of revenues that resulted in BP’s favor and denied those claimants compensation. The Customer Mix Test was a vicious trap that has left many claimants without a dime.
What you don’t hear them stating is if their position is granted, we may have to recalculate all claims processed to date and claimants may actually have to pay back monies under the new method of calculation.
If the Court decides to grant BP`s request, there needs to be balance, and that means all of the people that took Quick Pays should be able to come back to the table, and the Customer Mix Test needs to modified, or done a way with.
While Feinberg was declaring himself independent, and after starving out so many, he unleashed perhaps the most heinous aspect of this whole quagmire. People were forced to take Quick Pays, the keyword here is forced, and that is something that Louis Freeh should be looking into.
The BP Settlement Has One Bad Apple
Louis Freeh the former Director of the FBI has been asked to look into some misconduct by an Attorney working for the Fund for doing some favors for a Law Firm in New Orleans. The fund was alerted of this some time ago, and David Welker, the Head of Security for the Deepwater Horizon Settlement Fund took immediate action. Much of the Attorneys actions occurred before he went to work for the fund in November 2012.
It just seems that for this news to break, at this particular time, with the July 8th date looming, it all seems very orchestrated. Couple that with BP`s new ad Blitz, come on now, eyes wide open guys.
BP Settlement Investigation
Since Judge Barbier has granted Mr. Freeh to go “fact-finding as to any other possible ethical violations or other misconduct” within the settlement program, I beg of him to look at the Quick Pay Scam, without doubt it was the Most Egregious Betrayal of the Public Trust. There would not have been a Deepwater Horizon Settlement had the GCCF been managed correctly, and Feinberg actually kept his promises, and that Mr. Freeh, is something We the People of the Gulf, really need you to sort out
Mr. Freeh, you are a welcome addition to this ever evolving situation, but I truly think you will find more dirt turning over the stones of the GCCF, then you ever will for The DeepWater Horizon Settlement.You will find layers upon layers of deceit, cloaked as incompetence, all meant to thwart people getting paid what they truly deserved.
It`s really this simple, the GCCF was run by Feinberg (paid by BP) and he hired Brown Greer. The Leadership of the Settlement Fund eventually had to create workarounds as BG were up to the same old tricks , stalling claims, hence Postlethwaite & Netterville comes into play ( hired by the Leadership of the Fund), and are doing a fantastic job.
The GCCF used a tried and true tactic of Delay, Deny, and Defend, that Mr. Freeh should definitely be on your agenda.
The BP Settlement is run by Judge Barbier and Pat Juneau, not BP, Americans who just want implement a Settlement that BP agreed to, and now wants to renege on.
For far too long British Petroleum was in charge, as they victimized the people of the Gulf.
Now as The BP Settlement finally gains traction, they are struggling to be in charge once again, didn`t we have to deal with this over 200 years ago.
If you need Help with your BP Settlement, we will Help You.
The BP Settlement Matures
With Judge Barbier`s final approval of the BP Settlement, combined with finally seeing a sample set of all types of claims get paid or receive offers, we more fully understand how different types of claims, in different zones will be treated.
Should we have had this understanding before the opt out date, sure, but we have to play the cards we have been dealt.
On the bright side our processing side can tell you if you have a claim, as long as you have the financials to support it, in hours, and not days.
The maturation of the DeepWater Horizon Settlement has accelerated our ability to process claims, and help people better understand if indeed they fit into the BP Settlement.
DeepWater Horizon Settlement Incomplete Claims
What many people and businesses are experiencing are Incomplete Notices, for many, these come one, after another, after another, after another, you get the idea.
It would be beneficial if the leadership at the DeepWater Horizon Settlement could facilitate it so that ONE CHECKLIST of everything that the Claimant or Claims Preparer needed to complete the Claim was furnished to them.
This would end a lot of frustration on everybody`s part. If you are experiencing Incomplete Claims Notices and are at then end of your rope, we will be happy to assist you, we can handle most of them for as little as 10% of the eventual recovery.
Settlement Zones and NAICS Codes
There are still some issues with Settlement Zones and NAICS codes, what is considered tourism, what is not tourism.
We are also seeing a large number of claims that are clearly in HIGH Volume Tourism Destination areas that don`t fit under the Tourism NAICS codes get labeled non-tourism.
There are cures for that, but as usual you have to jump through a few more hoops, and dot your i`s and cross your t`s.
The multiplier for a non tourism related business vs. tourism related business makes it worthwhile.
BP Business Claims
Many businesses that are applying for the BP Settlement are eager to know if they have the correct financials in order to have success under the terms of the Settlement. If you own a business, and are looking for answers surrounding your claim, or possible claim, don`t hesitate to call us, and our in house experts will be happy to assist you. We have forensic accountants, and other BP Claims Professionals that will be happy to help you, we are not attorneys.
Individual Claims in the BP Settlement
Individual claims in the BP Settlement are still running into all kinds of road blocks with in it`s framework, these people need to be handled in a more expedient manner. We deal with lots of individuals and understand there frustrations, some are better handled by attorneys for various reasons, and some we can assist, either way this has been a bone of contention for many of you. Many of the people that are on our facebook site have run into these same obsatcles, if you need help, please feel free to contact us, if you would like to talk to a group of people that have faced similar challenges check out our Facebook Page at BPClaims.org Facebook
Old GCCF Claims
When the GCCF Closed it`s doors they had almost 1 Million Claims that they were processing, what happened to all of these claims, well for the most part, people and businesses did not update them for the BP Settlement.
The last update that I read from the DeepWater Horizon Settlement, they had approximately 91,000 people and business that had filed with the Settlement.
Within the Judges order he said they anticipated over 1 Million claims to apply for restitution.
If you have a claim, that was with the GCCF it is time to get back on it, and update for the BP Settlement. If you are wondering if you have a claim that qualifies fill out the form or call us at 1-800-BP-CLAIM.
BP VOO CLAIMS
We have had BP appeal various VOO Claims for a variety of reasons, usually people had lost there Master Vessel Charter Agreement, or other needed documents. We have developed several workarounds for these issues. We have gotten VOO Claims through the process in as little a 2 weeks.
The BPClaims.org Network
We have the largest network of BP Settlement Professionals from Key West to Houston. Traditionally we charge just 15% for assisting you with your claim, we don`t get paid until you do. We pride ourselves on the individual attention we provide our clients. You will always receive a call back from our Claims Advisors…we look forward to speaking with you!
If there is one thing that separates us from other Claims Groups and firms, it is our Accessibility. Many of our clients don`t just reach our staff at the office, but often have their personal cell phone numbers, we pride ourselves on being here for the client, and getting the job done.
We will Help You with Your BP Settlement.
BP Settlement and How We got Here
The days are coming to a close when you will have to decide whether you are in or out of the BP Settlement. It’s actually very sad that some of you will have to wait years to ever see a penny from BP.
They deployed their strategy long ago through Feinberg, when he made certain that many of your claims would never see the light of day; through the delay, deny, and defend tactics employed by unscrupulous insurance companies. When he replaced World-renowned Claims Adjusting Companies with Law Firms with no experience in this sort of matter, to Process your claims, we all got screwed.
I am not saying that this was intentional on his part or their part, but when you look at a typical textbook play of how to thwart payments to claimants after natural disasters, major manufacturing mishaps, and pharmaceutical negligence you can now add the BP Oil Spill to the list.
If the BP Settlement survives, and I am betting it will, certain businesses that only show losses in 2010, but not 2011 will be the major winners. Individuals and businesses without a clear-cut or well-documented cases will simply have to wait. People who made a living from the Gulf will be compensated in some cases but most will be lost for years in the system. There needs to be some wiggle room, so that more people/businesses can fit into the Settlement framework.
And, we needed a better sample set of claims that would get PAID under the Settlement, but I am afraid a certain Processor made sure that would not happen, and used incompetence as the mechanism; very legal, very smart, and very shameful.
This trap was set a long time ago when Obama met with BP and struck the 20 Billion Dollar Deal. When Obama hired Mr. Feinberg he allowed BP to pay him and let him play by their rules.
Obama should have seen this coming and protected us, but he let BP dictate everything, from clean up to Corexit, from payouts to processing, it was never in our hands, it was always in BP’s.
We have seen a wave of offers come through lately, and have been promised payments for them soon, but we have seen nothing in the mail and, the clock is ticking. It is difficult for many to stay in the settlement if your claim is in limbo, and before November 1, 2012, you have to make a decision to either stay, and find out you may not qualify, and get nothing, or go, and enter a third claims program actually run by BP, before you can even litigate.
The Settlement needs more time, the people need more time, the process needs more time. It is in my humble opinion, that the deficiencies of the BP Settlement have just begun to be addressed, and there is a great framework to work within here, but we need to see some fruit, we need to see how claims will be treated. There is just to much uncertainty, and that is leading to Fear, and to many people are capitalizing on that,
What Happens Next OPA, Opt Out`s, and Beyond
With the Opt-Out date looming, many of you will be told by Attorneys that you will need to Opt-Out now and sign with them immediately for the ‘Oil Pollution Act’ (OPA) presentment and maybe we can get you paid under OPA. You do NOT need an Attorney for OPA Presentment.
At this time, the Attorneys/Individuals/Consultants will need to have your basic information, and approximate loss figures into OPA, in by January 20th, 2012, so they can be formally presented by April 20th, 2013.
This will be the THIRD Claims process that many of you will be going through. Yes, the third claims process; this is how they wear people down.
Let me be clear hear, if you choose to Opt-Out you do not need to immediately sign up with an Attorney, if want help finding the best Attorneys that handle your type or types of cases, we can help you there, and we will.
In all Actuality you don`t even need an Attorney, not just yet, but be ready.
Do Not Opt Out Just Yet.
The leadership of the Settlement has done their best to get the system set up, and your claims processed as quickly as they could.
The reality is the odds were stacked against them from the beginning, and it took them too long to figure it out. Using the same processors that the GCCF used was ludicrous, and they were ordered to do so. People in high positions, based on past relationships trusted them, they were deceived.
Remember who hired them and fired the people that actually knew how to process these claims, yep, good old Mr. Feinberg. BP paid Mr Feinberg, and paid him well.
It gets better, or actually worse, under OPA presentment your claims will go to The BP Claims Program based out of Houston Texas.
The BP Claims Program is run by guess who, and administered by guess who, BP, it`s like taking the lambs to slaughter and guess who are the lambs?
That`s Right BP will be in-charge of paying your OPA Claim, so who in their right mind would be in rush to put their claim in their hands? Not Me.
It is my humble opinion and I am not an Attorney, that you can either be lead to slaughter or choose to fight; call your congressmen, your senators, and vote in the upcoming election.
Many of you on our Facebook page have talked about Marching, I suggest New Orleans, It`s all up to you.
Isn’t that how we do things here in America, so if your as fired up as I am, jump onto our Facebook page and lets start talking about the details.
I have been told that Judge Barbier and Mr. Juneau are very solid Southern Men. Gentlemen we have people dying out there, not just economically, but from the use of Corexit 9500. I was told last week that 3 out of 4 boys died from one family in Plaquemines Parrish from Liver Cancer. These boys were children.
Guys that worked the VOO are dropping like flies. We hear these stories on a daily basis and nobody is doing a darn thing about it.
BP is Negotiating with the Department of Justice
As I am write this, BP and the Federal Government are negotiating another BP Settlement with the DOJ that is suppose to bring as much as 80% of that revenue back to the Gulf States under the Restore Act. The number is in the Billions; speculation is between $15B-$21B May I suggest the feds step in and help renegotiate the Settlement that BP and the PSC came up with, and specifically give Mr Juneau and Judge Barbier some latitude and more power to handle this their way, and not have to ask BP or the PSC for permission. Things need to get done here!!!
It`s just a thought. If there was ever time to hold BP`s feet to the fire and get something done for the people I think now might be a real good time.
And One more Thing
The Macondo Well is still leaking, there is speculation from the Coast Guard and other sources it is an old riser pipe, well it`s been leaking for a really long time now.
The Oil was tested, and it is Macondo Oil and it is fresh oil, not mixed with the sludge you would find in a riser pipe, and does it not make this whole darn process null and void, under OPA, because you can`t settle a catastrophe while it is still happening. At least find out for sure where the oil is coming from first. Can anyone say R.O.V, c`mon now.
There is a six mile, and some days much bigger, Oil Stream coming from the Macondo Well. It sounds like the BP Oil Spill is STILL HAPPENING.
We would never be having this conversation had Feinberg done his Job, and actually paid Interim Payments.
We at BPClaims.org will do whatever we can do to Help You.
We have Never and will Never put Profit in front of People.
We have the most extensive network of Claims Processors and Attorneys throughout the Gulf Coast. They charge 15-25%.
We care and it shows, and we are going to call it like we see it, ’til everybody is made as whole as they can be. I mean everybody.
BP Settlement Rental Claims and You:
Mind you this is conjecture, it is educated conjecture until the BP Settlement is formally announced
If you have filed before, you can still file BP Settlement Rental Claims. This report will inform you about who will qualify, calculations and recommend your next step.
First of all, this is such a broad category, we should assume that the BP Settlement rental claims apply to vacation rentals, residential rentals AND commercial rentals. You should also take notice that there will be varying degrees of evidence needed to prove each type of BP Settlement rental claims. Consider the order listed as progression in difficulty to prove those BP Settlement rental claims.
First of all, the Settlement Agreement places BP Settlement rental claims into categories based on geographic location in the Gulf Region. The zoning is as follows, including the multipliers applied to each zone:
BP Settlement Rental Claims
Zone A: These BP Settlement rental claims will be within 0.5 miles from the beaches. Their damages caused by the BP Spill will be presumed. BP Settlement rental claims that are commercial rentals that rented to a seafood restaurant, or other industry reliant upon seafood or tourism, will also be presumed to have damages caused by the Spill. However, commercial rentals who did not have this type of reliance will need to show that their losses were caused by the Spill. Speak with your diligent consulting agency about your BP Settlement rental claim to find out how. Your multiplier will be 3.5 and your total claim value will look something like: (2010 Damages) + (2010 Damages X 3.5) = the value of your BP Settlement rental claims.
Zone B: These BP Settlement rental claims are over 0.5 miles from the beach but are within 1.0 miles from the beach. Your multiplier will be dropped to 3.0 for these types of BP Settlement rental claims. Follow the calculation above and you will get an estimate of your total claim value.
Zone C: These BP Settlement rental claims are over 1.0 miles, but less than 2.0 miles. It appears that the multiplier will drop to 2.5 for these BP Settlement rental claims.
Zone D: These BP Settlement rental claims are over 2.0 miles from the beaches and will be the most difficult to prove. You must have had an eviction, abandonment or rental contract terminations shortly after the Spill in order to prove Causation.
BP Settlement Rental Claims
Bare in mind that these calculations for BP Settlement rental claims are a part of the negotiation process and will be subject to change if BP succeeds in changing the terms, or the court approves different terms regarding these BP Settlement rental claims.
Furthermore, assume the BP Settlement rental claims for Commercial Rentals will need to show an actual loss of income, with a possible rise in income in 2011. Commercial Rentals will also need to show Causation, linking their loss of damages to the Spill.
We will help you with your BP Settlement Rental Claims.
BP Settlement Waterfront Claims:
Mind you until we see the settlement this is conjecture, but educated conjecture.
Of all the claims, these BP Waterfront Claims are possibly the most valuable out of the whole Property Claims Program. The BP Settlement Waterfront Claims regard the properties along the coast line. These properties will be the ones that will have a Zone A connotation. BP Settlement Waterfront Claims, though seemingly a narrow class, are actually expansive under the BP Settlement.
BP Settlement Waterfront Claims will expand the class to all waterfront claims along the rivers, estuaries and bays from just west of New Orleans to just east of Pensacola, FL. Essentially, BP Settlement Waterfront Claims will open up the category from strictly beachfront property owners to property owners who had property among river banks and bays.
BP Settlement Waterfront Claims and zone A
Furthermore, the Zone A category expands up to 0.5 miles from the coast line and beaches for BP Settlement Waterfront Claims. This would mean that BP Settlement Waterfront Claims do not have to be directly on the beach, but it does mean that they would have to be close, within a few blocks from the beach, to qualify for Zone A standing.
Your BP Settlement Claims multiplier, as previously mentioned, will be factored in bare in mind that this multiplier for BP Settlement Waterfront Claims is not set, yet, as the Settlement Agreement has not been accepted by BP and has not been approved by the Eastern District Court.
BP Settlement Waterfront Claims expand to properties that suffered from oil spillage resulting from the Deepwater Horizon Incident of 4/20/10. BP Settlement Waterfront Claims also expand to loss of sales price. Where the Claimant had sold the property AFTER the Spill, than what the property was appraised for before the Spill. BP Settlement Waterfront Claims will also include cancelled contracts to buy your waterfront property.
BP Settlement Waterfront Claims and Contracts
On cancelled purchase contracts, BP Settlement Waterfront Claims will pay a percentage of the Pre-Spill sales price. There is some speculation as to what sales price to use in calculating BP Settlement Waterfront Claims’ loss from a cancelled contract, but it appears that the higher, Pre-Spill appraisal price will be used.
Keep in mind that the Settlement Agreement, and issues involving BP Settlement Waterfront Claims, have not been settled, yet. This will happen on 4/16/12, so be patient, we will release the facts as soon as they are presented to us. Thank you.
We will Help you with your BP Settlement Waterfront Claims.