legal: No Real Estate Attorney??
- 01/18/11 12:26 AM
I am working with a first time homebuyer. He asks me should he hire a lawyer? Yes, I answer. He tells me that his mortgage lender advised him that he can hire a lawyer if he likes but that it is not necessary...paperwork is pretty straight forward and that lawyers usually impede the process anyway! Can you believe that? I was shocked! How can you advise a first time homebuyer not to bother to work with a lawyer when there are a million things that can go wrong when purchasing a home??? I definitely re-advised him to always, always, always hire … (9 comments)
I am working with a first time homebuyer. He asks me should he hire a lawyer? Yes, I answer. He tells me that his mortgage lender advised him that he can hire a lawyer if he likes but that it is not necessary...paperwork is pretty straight forward and that lawyers usually impede the process anyway! Can you believe that? I was shocked! How can you advise a first time homebuyer not to bother to work with a lawyer when there are a million things that can go wrong when purchasing a home???
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