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Updated over 9 years ago on . Most recent reply
![Yuri Chernousko's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/255582/1695691191-avatar-yuric.jpg?twic=v1/output=image/cover=128x128&v=2)
Law firm drafting a sale contract acting as the escrow agent
I am making an offer on a property in Florida. The home is being sold by the owner, the owner/seller retained a law firm to write the offer. I am more used to working through a realtor. A few queries:
- What's the best service to have the offer reviewed?
- The seller/owner's counsel (who wrote the offer contract) is also their designated escrow agent. Is this a conflict of interest?
- I am making a cash offer. I do not know if the owner/seller has any balance to repay to a bank. Should I be looking closer into their situation?
- Any other scenarios I should be concerned about as far as the title search, etc.?
Thank you.
Yuri