Every once in a while I scan my google analytics for long tail searches to my blogs and see unanswered "questions" in the long tail searches that found me!
This time I found the question asked twice:
It depends, it is anywhere from free (the lawyer charges your lienholders) to several thousand dollars (and it is paid through a payment plan!
Which leads to another question:
Again that answer is FREE to a couple hundred dollars, depending on the lawyer
These types of transactions are extremely complicated and the consequences differ for each individual situation. It is imperative that my clients receive the highest level of service and understand the consequences to their specific individual situation.
If you would like to receive a list of lawyers who give these consultations so you can make the best decision for *you* - deed-in-lieu of foreclosure - short sale- loan modification - simply call me at 702-966-2494 (option 0) or email me at 411@ReneeBurrows.com and ask for your "Distressed Property Legal Options" List.
Hi Renee! ALWAYS good to have a lawyer on hand for these things--I'm finding that when I represent buyers, the Closing attorney needs to step in earlier than standard re-sale or new construction Closings and it's best to have one that specializes in short sales on 'retention.' I have an AWESOME one here that I can call day or night with issues and he's always responsive and amazingly helpful. I don't know what I'd do without him--he's priceless!
Have a great Sunday...
It's funny, I've been practicing for 11 years, never needed a lawyer for deals. I know the east coast uses them as a matter of course, but we don't include them in our transactions - for the most part. But on short sales . . . YUP!!
Renee
I would have to think there are many reasons to have a lawyer for buying real estate in Vegas.
Renee,
I wonder how much help it could be using an attorney for buying a portfolio commercial short sale from a local bank? I would think if the lender knew the attorney it may help expedite the transaction if the buyer were out of state.
Here in Florida, at least for my part, close to 200 transactions(about 50 shortsale) and never used an attorney at all.
Good advice. Also, a great idea to look at the google analytics in order to generate blog topics.
Renee...good for you for using an atty for short sales...I would think alot of the extra burden that normally falls on the agent may be able to be shifted to the atty! You can use all the help we can get with short sales!
Im with you on the attorney, we do the same. Have a great day.
Hi Renee,
Although I just officially signed up last week. There is a tons of information on these blogs. This is a great source for new agents and veterans. This blog just prove that you don't have to be new to real estate to learn new things. We must educate ourselves in this evolving real estate. We have to change with change.