Finding the right lawyer

[Zachary Taylor]

Any good resources for finding a law firm for legal advice/representation on note purchases in a specific state or county? I've looked some and most seems to represent borrowers rather than note holders. Anything is greatly appreciated! Happy to be painted to another post if this has already been covered somewhere else. Thanks all! Z

[Joshua Andrews]

Zachary,

You will not need an attorney for a note purchase, unless it is tremendously large. If it is your first purchase, to help assist and feel more secure, you can have a local attorney set up an escrow account to hold funds for you. This attorney does not need to be located in the state or county the note is located in. 

The note seller would then ship the original collateral file to him for review. As long as all is in order, then you instruct the attorney to release funds to seller. The attorney is in place only to make sure you get the original collateral docs, and that all are in order.

That's about as complicated as it gets. Most transactions don't require that much.