I am selling my house for cash to an investor.There is a small 15k loan on the house.This means the bank will be involved in the transaction.
The investor is doing most/all of the paperwork.
Should I hire a lawyer to check all the paper work?
Or as long as the cashiers check has the right numbers on it will I be ok?
My thinking is I DO NOT need an attorney because the bank will be watching its own interests, therefore unintentionally watching mine as well.
What do you think Yahoo's?
2007-09-12 05:11:09 · 9 answers · asked by LostKoss 1 in Business & Finance ➔ Personal Finance
Get a lawyer to review the paperwork. The bank is only looking after their interest. If that paperwork says you will be responsible to pay if the investor doesn't, the bank will be just fine with that. Although I suspect that isn't in your best interest.
The lawyer cost will be money well spent.
2007-09-12 05:45:28 · answer #1 · answered by bdancer222 7 · 1⤊ 0⤋
If you are selling your house in England then you will have to contact a solicitor as you are required to do some paper work relating to the HM land registry.
2007-09-12 05:17:16 · answer #2 · answered by andy 2 · 0⤊ 0⤋
That theory sounds good in theory. But it is worth the price to have a lawyer look over everything you are signing so you know exactly what you are agreeing to. It would be foolish not to hire a lawyer.
2007-09-12 05:21:31 · answer #3 · answered by Anonymous · 0⤊ 2⤋
No. My parents bought their first house from the owner directly and they just went to the bank. The bank handled everything.
2007-09-12 05:16:08 · answer #4 · answered by Jane 2 · 1⤊ 1⤋
I think its BEST 2 get a Lawyer cause God forbid something goes wrong & u need some1 beside the bank on ur side...House & $ isnt something u play with...
2007-09-12 05:17:03 · answer #5 · answered by Ms A 2 · 0⤊ 2⤋
Yes i feel that you might require a lawyer.
2007-09-12 05:14:05 · answer #6 · answered by raj k 2 · 0⤊ 2⤋
in California and Arizona we use escrow companies, not lawyers
2007-09-12 05:25:02 · answer #7 · answered by willliam d 2 · 0⤊ 1⤋
yes always have a real estate attorney review any real estate transactions
2007-09-12 05:19:08 · answer #8 · answered by Rick K 3 · 0⤊ 2⤋
I'd say no....unless you want to share the profit with him!
2007-09-12 05:15:48 · answer #9 · answered by Ineed2know 2 · 1⤊ 1⤋