Should I use a lawyer?

[Nicole]

Hi there, I need some objective advice. My husband and I are in escrow on a house in Encinitas. It is a short-sale that we are trying to purchase. The bank is trying to force escrow quickly and we’ve been getting pressure to move more quickly than seems prudent. I at the point were I don’t really feel like anyone is really looking out for our best interest and am looking for some help from people who know what to look out for.

I have one specific question- Should I hire an attorney to review the closing documents (I don’t really know what to call them, i’m new at this). Any other tips about what to look out for during the closing process?

[patb]

Get a Lawyer you Fool!!!!

How many real estate contracts have you done? 2? 3?
How many does a Real estate attorney do every day? 6-7?

Nope, you need alawyer, when i bought my house, I asked
a local real estate lawyer to look at the terms, best advice he gave
me was to ignore the home warranty plan.

Said they suck, and they never provide what you need.

[patb]

Get a Lawyer you Fool!!!!

How many real estate contracts have you done? 2? 3?
How many does a Real estate attorney do every day? 6-7?

Nope, you need alawyer, when i bought my house, I asked
a local real estate lawyer to look at the terms, best advice he gave
me was to ignore the home warranty plan.

Said they suck, and they never provide what you need.

[patb]

Get a Lawyer you Fool!!!!

How many real estate contracts have you done? 2? 3?
How many does a Real estate attorney do every day? 6-7?

Nope, you need alawyer, when i bought my house, I asked
a local real estate lawyer to look at the terms, best advice he gave
me was to ignore the home warranty plan.

Said they suck, and they never provide what you need.

[patb]

Get a Lawyer you Fool!!!!

How many real estate contracts have you done? 2? 3?
How many does a Real estate attorney do every day? 6-7?

Nope, you need alawyer, when i bought my house, I asked
a local real estate lawyer to look at the terms, best advice he gave
me was to ignore the home warranty plan.

Said they suck, and they never provide what you need.

[patb]

Get a Lawyer you Fool!!!!

How many real estate contracts have you done? 2? 3?
How many does a Real estate attorney do every day? 6-7?

Nope, you need alawyer, when i bought my house, I asked
a local real estate lawyer to look at the terms, best advice he gave
me was to ignore the home warranty plan.

Said they suck, and they never provide what you need.

[sdrealtor]

Thats what your agent is for, hopefully you have a very good one. From my experience Real Estate lawyers are for when you have a serious problem and they have very little day to day involvement with residential home purchases.

FWIW, I have had many clients get major appliances and major repairs completed under home warranty plans. Sellers should insist on giving one to protect themselves against non-disclosure while buyers should want one to protect against unforseen repairs or items missed during the physical inspection.

[sdrealtor]

Thats what your agent is for, hopefully you have a very good one. From my experience Real Estate lawyers are for when you have a serious problem and they have very little day to day involvement with residential home purchases.

FWIW, I have had many clients get major appliances and major repairs completed under home warranty plans. Sellers should insist on giving one to protect themselves against non-disclosure while buyers should want one to protect against unforseen repairs or items missed during the physical inspection.

[sdrealtor]

Thats what your agent is for, hopefully you have a very good one. From my experience Real Estate lawyers are for when you have a serious problem and they have very little day to day involvement with residential home purchases.

FWIW, I have had many clients get major appliances and major repairs completed under home warranty plans. Sellers should insist on giving one to protect themselves against non-disclosure while buyers should want one to protect against unforseen repairs or items missed during the physical inspection.

[sdrealtor]

Thats what your agent is for, hopefully you have a very good one. From my experience Real Estate lawyers are for when you have a serious problem and they have very little day to day involvement with residential home purchases.

FWIW, I have had many clients get major appliances and major repairs completed under home warranty plans. Sellers should insist on giving one to protect themselves against non-disclosure while buyers should want one to protect against unforseen repairs or items missed during the physical inspection.

[sdrealtor]

Thats what your agent is for, hopefully you have a very good one. From my experience Real Estate lawyers are for when you have a serious problem and they have very little day to day involvement with residential home purchases.

FWIW, I have had many clients get major appliances and major repairs completed under home warranty plans. Sellers should insist on giving one to protect themselves against non-disclosure while buyers should want one to protect against unforseen repairs or items missed during the physical inspection.

[SD Realtor]

Nesposito if you feel that nobody is looking out for you then there is a serious problem with your representation. Call up your broker, NOT your sales agent, and explain to the broker that you want to come in for a meeting. Tell the broker what is happening, and that you want to sit down, IN PERSON with the broker, and have the broker explain ALL of the terms of the sales contract. There is not really such as thing as your closing documents. The purchase contract and associated disclosures are part of the documentation for the real estate transaction. The other pertinent documents are your loan documents which is really between you and the lender. Your purchase contract needs to be fully explained to you if you do not understand it all.

If after the conversation with the broker you still feel uncomfortable then yes call an attorney. I do agree with sdr that real estate attorneys usually are not simply to explain the purchase agreement. I would also presume that your agent used the standard CAR forms with possibly the short sale addendums and possibly the San Diego County addendum to the purchase agreement. All these are very standard and no matter what the seller or the sellers lender has said, those documents bind both parties and so do the dates that are on those docs.

So… take a breath, call the broker, go to the office, sit down and have him review EVERYTHING. Then see how you feel.

SD Realtor

[SD Realtor]

Nesposito if you feel that nobody is looking out for you then there is a serious problem with your representation. Call up your broker, NOT your sales agent, and explain to the broker that you want to come in for a meeting. Tell the broker what is happening, and that you want to sit down, IN PERSON with the broker, and have the broker explain ALL of the terms of the sales contract. There is not really such as thing as your closing documents. The purchase contract and associated disclosures are part of the documentation for the real estate transaction. The other pertinent documents are your loan documents which is really between you and the lender. Your purchase contract needs to be fully explained to you if you do not understand it all.

If after the conversation with the broker you still feel uncomfortable then yes call an attorney. I do agree with sdr that real estate attorneys usually are not simply to explain the purchase agreement. I would also presume that your agent used the standard CAR forms with possibly the short sale addendums and possibly the San Diego County addendum to the purchase agreement. All these are very standard and no matter what the seller or the sellers lender has said, those documents bind both parties and so do the dates that are on those docs.

So… take a breath, call the broker, go to the office, sit down and have him review EVERYTHING. Then see how you feel.

SD Realtor

[SD Realtor]

Nesposito if you feel that nobody is looking out for you then there is a serious problem with your representation. Call up your broker, NOT your sales agent, and explain to the broker that you want to come in for a meeting. Tell the broker what is happening, and that you want to sit down, IN PERSON with the broker, and have the broker explain ALL of the terms of the sales contract. There is not really such as thing as your closing documents. The purchase contract and associated disclosures are part of the documentation for the real estate transaction. The other pertinent documents are your loan documents which is really between you and the lender. Your purchase contract needs to be fully explained to you if you do not understand it all.

If after the conversation with the broker you still feel uncomfortable then yes call an attorney. I do agree with sdr that real estate attorneys usually are not simply to explain the purchase agreement. I would also presume that your agent used the standard CAR forms with possibly the short sale addendums and possibly the San Diego County addendum to the purchase agreement. All these are very standard and no matter what the seller or the sellers lender has said, those documents bind both parties and so do the dates that are on those docs.

So… take a breath, call the broker, go to the office, sit down and have him review EVERYTHING. Then see how you feel.

SD Realtor

[SD Realtor]

Nesposito if you feel that nobody is looking out for you then there is a serious problem with your representation. Call up your broker, NOT your sales agent, and explain to the broker that you want to come in for a meeting. Tell the broker what is happening, and that you want to sit down, IN PERSON with the broker, and have the broker explain ALL of the terms of the sales contract. There is not really such as thing as your closing documents. The purchase contract and associated disclosures are part of the documentation for the real estate transaction. The other pertinent documents are your loan documents which is really between you and the lender. Your purchase contract needs to be fully explained to you if you do not understand it all.

If after the conversation with the broker you still feel uncomfortable then yes call an attorney. I do agree with sdr that real estate attorneys usually are not simply to explain the purchase agreement. I would also presume that your agent used the standard CAR forms with possibly the short sale addendums and possibly the San Diego County addendum to the purchase agreement. All these are very standard and no matter what the seller or the sellers lender has said, those documents bind both parties and so do the dates that are on those docs.

So… take a breath, call the broker, go to the office, sit down and have him review EVERYTHING. Then see how you feel.

SD Realtor

[Author]

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