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Updated about 10 years ago on . Most recent reply

User Stats

52
Posts
3
Votes
Thomas Watson
  • Real Estate Consultant
  • Somersert, NJ
3
Votes |
52
Posts

Lawyer or Title Company for Note purchase

Thomas Watson
  • Real Estate Consultant
  • Somersert, NJ
Posted

I just purchased my first note in Baltimore City. I have to pay back taxes and associated lawyer fees (redemption). This was calculated in the purchase price prior to obtaining the note. I want to now check for liens and perform a title search. Is it better to hire a Real Estate Lawyer or title company to accomplish that service? The lawyer suggest that I hire him and he will pay the lawyer fees ($750) for the tax redemption and walk to release paperwork to the tax office. Of course he will charge an hourly rate (3 hours) not including title work. Or do I pay to have a title search and pay the lawyer fees for the taxes myself?

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