Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago on . Most recent reply presented by

User Stats

55
Posts
13
Votes
Trina P.
  • Fort Worth, TX
13
Votes |
55
Posts

Attorney question

Trina P.
  • Fort Worth, TX
Posted

I just made my first purchase on a property in Alabama. I am now at the point where I am reading through the contract with my mortgage lender. 

So my question is about the attorney. So far in the loan, both the turnkey company (I am purchasing the property through) and the mortgage lender have their own attorney. I have sent earnest money the turnkey's attorney.

in the contract with my mortgage lender, it says, "(mortgage lender's) attorney represents only (mortgage lender's) interests and does not represent your interest. In states and locations that require that an attorney search the title of the subject real estate, (mortgage lender) permits the perspective Mortgagor to select a qualified attorney of his own choice to search the title of the subject real estate and certify that title to the creditor or land title insurance company."

Should I hire my own attorney? Or is it standard for the attorney of the mortgage lender to handel it?

Property details: 106k purchase price, single family, Huntsville, 

Loading replies...