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Updated over 5 years ago,

User Stats

24
Posts
15
Votes
Travis Phillips
  • Flipper/Rehabber
  • Hampden, MA
15
Votes |
24
Posts

Hard Money Lender picks the Attorney?

Travis Phillips
  • Flipper/Rehabber
  • Hampden, MA
Posted

I am working through my first hard money deal. So while I fully understand the financial aspects of the deal, I am unsure about a lot of the typical paperwork/who does what parts. The picked the appraiser, who I paid, still yet to hear back from the appraiser - will I get a report?? Also, they just sent me "the closing attorney is: This person" - I have an attorney that I work with, and already had done work on the title. Is it normal for the lender to do this? Should I still have my attorney do the work? Also now I am thinking about the title and insurance and all of that, do they pick those as well? I assume I need to name them, right? 

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