Lawyers

Realty Glimpse 8

Allan A. Greber
Stringam Law LLP
Lawyer, Partner

 

Mark- Can a buyer and seller, in residential real estate, can they both use the same lawyer?

Allan – for the most part, the buyer and seller can both use the same lawyer. Now there are occasional banks that make it their own internal rule that they don’t. The issue with using the same counsel is it can be done as long as everyone understands what the lawyer can and can’t do. What a lawyer can’t do is ever get in the middle of a squabble between buyers and sellers. Frankly, squabbles are extra anyway, so no one ever misses losing any. Second thing the lawyer can’t do, is from a seller’s perspective, the seller can’t tell the lawyer something wrong with the house and expect the lawyer not to tell the buyer, now that’s usually not a big issue. Continue reading

Realty Glimpse 3

Allan A. Greber
Stringam Law LLP
Lawyer, Partner

Mark – what is the role of a lawyer in the sale or purchase of a residence?

Allan – The role of the lawyer is to review the real estate contract, review the title to the property, determine whether or not there is things in the contract, or things on the title that create a problem, and address those problems as between the buyer and the seller, as well, on a purchase, the lawyer for the buyer is going to be reviewing the mortgage instructions typically, preparing the documents necessary to convince the bank to forward mortgage money in order to allow the buyer to buy the property.

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