Practitioners Seek Compensation from BP

Gulf Coast Real Estate.

Another area BP is wreaking havoc on …. 😦

Daily Real Estate News | June 4, 2010

Practitioners Seek Compensation from BP
Among people trying to collect compensation from BP for income loss caused by the oil spill are real estate practitioners.

Four states—Louisiana, Alabama, Mississippi and Florida—have opened claim centers where residents who lost income due to the spill can request compensation.

Only Florida is reporting its numbers. Over the last three weeks, BP has paid $75,725 to begin settling 446 claims against it for income lost from rental properties. It paid another $5,000 to begin settling losses due to stalled real estate sales.

BP CEO Tony Hayward said in a TV commercial, “We will honor all legitimate claims, and our clean-up efforts will not come at any cost to taxpayers.”

Source: CNNMoney, Catherine Clifford (06/03/2010)