Randy McKinney
Randy McKinney, one of our Regional Developers in the Gulf Shores region, is heading a task force against BP in an effort to help REALTORS in the area receive compensation for their losses resulting from the oil spill.
In an already turbulent real estate market, the Gulf oil spill has had even more severe repercussions for the Southeastern states of the country. Areas that were showing signs of stabilization are now seeing even bigger losses than this time last year. The effects are spanning the scope of the industry – from agents losing compensation and homeowners losing money on rentals to murmurs of insurance companies increasing rates and the threat of oil damaging beachfront properties.
Recently, Randy and the task force met with Ken Feinberg, the man placed in charge of administering the $20 billion oil spill fund, to those who have placed claims with BP. At that time, Feinberg did not deem REALTORS losses as significant enough to reimburse, among all other claims. Nonetheless, the task force is undeterred and continues to pursue success in helping those impacted in our industry receive adequate reimbursement. The task force will again meet with Feinberg later this month, in hopes of furthering the conversation. In the meantime, the task force continues to encourage real estate professionals in impacted areas to file claims against BP, with the hope that they will soon be fulfilled.
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