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Updated over 8 years ago on . Most recent reply

User Stats

11
Posts
5
Votes
Joshua Guidry
  • Wholesaler
  • Lake Charles, LA
5
Votes |
11
Posts

Legal Zoom Contract Help

Joshua Guidry
  • Wholesaler
  • Lake Charles, LA
Posted

Does anyone have experience with Legal Zoom on getting legal advice or creating legal documents?  I recently engaged my local attorney who specializes in construction to develop a residential purchase agreement and commercial purchase agreement with some contingencies (mainly on locating a 3rd party buyer to wholesale the properties).  I also got them to develop an assignment of contract form.  These three forms cost me $1,700.  I was a bit sticker shocked.  I'd like to see people's thoughts on pre-paid legal services.

I now need to get legal advice on the Frank-Dodd regulations in regards to selling Rent-to-Own low income properties.  I also need a Rent-to-Own contract developed.  Your feedback is appreciated!

Thanks,

Josh

Most Popular Reply

User Stats

726
Posts
387
Votes
Matthew Kreitzer
  • Attorney
  • Winchester, VA
387
Votes |
726
Posts
Matthew Kreitzer
  • Attorney
  • Winchester, VA
Replied

You get what you pay for when it comes to legal services. The problem with template contracts that you may find on websites like Legal Zoom is that they were not developed with your particular case in mind, and may leave large portions of your business estate unprotected in certain ways. I would highly recommend against going that route.

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