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Updated about 4 years ago on .

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8
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0
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Tidal Creek
  • Real Estate Investor
0
Votes |
8
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Closing attorney handling deed prep

Tidal Creek
  • Real Estate Investor
Posted

In “normal” transactions where there is a cookie cutter property and no issues anticipated, it appears that quite often the buyer’s closing attorney will also handle the deed preparation. I’ve always thought it was a potential conflict of interest just in case anything unusual arises. I have a closing coming up which involves 5 acres of land with barns, stalls and outbuildings, one recorded easement, another implied easement, a collapsed well, a collapsed septic tank and other odds and ends. So what I’m getting at, is in a situation like this, I think the buyer should have an attorney of his choice handle the closing and the seller should have his attorney handle the deed prep even if it’s going to cost a few extra dollars. Then if any legal issues arise there will be no question as to who the lawyer represents. Opinions?