 Home
Buyers
Tips Archive
What Your Lawyer Does for
All That Money
Reviews all the papers your broker wants you
to sign.
Collects all documents required for closing
in a safe place where they won’t be paced or thrown out with the trash, in which case
the closing will have to postponed while you run around collecting duplicates and the
lawyer charges more.
Leaves a paper trail showing that you knew
what you thought you were doing was what you intended to do, and that you think you
intended to have all the right documentation to prove it. Probably.
Takes care of obtaining title insurance,
which you should be grateful for because who knows what it is or where you go to get it.
Prepares a closing statement, the record of
who paid what to whom in exchange for what. Don’t pay your attorney until you
receive your closing statement; they all try to put off preparing them in hopes that
clients will forget and no wonder: Dull, dull, dull!
This Tip was excerpted from:
The House Trap, by Alfred Gingold, Workman Publishing, 1988.
ISBN# 0-89480-615-7
Back to
Home Buyer Tips |
