Friday, November 2, 2007

Residential Real Estate Lawyer: Do You Really Need One?

Some states require lawyers to participate in residential real estate transactions, especially at closing or settlement. Even if a lawyer is not required, sometimes it's a good idea.

Notice how we said, “some states require...’” not simply that you need a real estate lawyer. The majority of states are known affectionately (by real estate lawyers) as, “non-attorney” states. In those states, conducting real estate closings is not considered the practice of law, so you are not required to have a real estate lawyer. The rest of the country resides in either, “attorney” states or states that have mandated the participation of real estate lawyers either for the entire closing or for some parts of the closing. (The parts where you need a real estate lawyer are usually defined by:

continued at: Real Estate Lawyer

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