I just had a deal go bad because of a lawyer.  This is not to say that all lawyers are like this, but this is what happend in this particular case.  A client was trying to purchase a home as an investment, and everything appeared to be moving along just fine, until the seller asked to have a lawyer look at the contract.  The original contract had been written up on the standard TN real estate contract, and nothing was out of the ordinary.  There was an inspection contingeny, as well as appraisal and financing contengincies.  By the time the lawyers had rewritten everything, it had been completely changed and was put into an entire new contract.  The problem was that they had changed everything to benefit the seller.  They wrote that the buyer was completely obligated to go through with the purchase with no contingecies and without a professionsal inspection of the home's condition.  They also stipulated that the seller could get out of the contract for any reason and only have to return the buyers earnest money.  It sure sounded a little one sided to me.  After trying to negotiate on some of the conditions, the sellers wouldn't change anything.  Obviously, that killled the whole deal.  What would have been a quick and easy transaction was turned into a long drawn out process that lead no where.  Hopefully this will help some folks out there who are considering having an attorney rewrite a whole contract that is unfair to one of the parties.

Thanks,
Chris Haynes

www.besttnloans.com