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Disclaimer
Before
you sign an agreement of sale, you might consider asking an attorney
to look it over and tell you if it protects your interests. If you
have already signed your agreement of sale, you might still consider
having an attorney review it. An attorney can also help you prepare
for the settlement. In some areas attorneys act as settlement/closing
agents or as escrow agents to handle the settlement. An attorney
who does this will not solely represent your interests, since, as
settlement/closing agent, he or she may also be representing the
seller, the lender and others as well.
If
choosing an attorney, you should shop around and ask what services
will be performed for what fee. Find out whether the attorney is
experienced in representing home buyers. You may wish to ask the
attorney questions such as:
What
is the charge for negotiating the agreement of sale, reviewing documents
and giving advice concerning those documents, for being present
at the settlement, or for reviewing instructions to the escrow agent
or company?
Will
the attorney represent anyone other than you in the transaction?
Will
the attorney be paid by anyone other than you in the transaction?
Please
note, in many areas of the country attorneys are not normally involved
in the home sale. For example, escrow agents or escrow companies
in western states handle the paperwork to transfer title without
any attorney involvement.
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