Looking for Attorneys who Know NOTES

[Cheryl P.]

Hey BP, does anyone know of a good resource to identify attorneys who are familiar with real estate note investing? I'm focusing on the following states primarily: Florida, Nevada, North Carolina, South Carolina, Texas. Thanks in advance!

[Bill Gulley]

Originally posted by @Cheryl P.:

@Bill Gulley - not sure what you mean by "out of the professional realm for an attorney"? Basically looking to have a knowledgeable atty in each state that I'm looking to buy/sell notes in. I know some are more familiar with these transactions than others, just wondering if there is a way to identify them.

Saying that attorneys aren't involved in buying notes for most transactions, but you could have an attorney, it may add to your costs. Notes are not real estate with similar closings as RE so much. You may want to get permission from attorneys to appoint them as the trustee on your deed of trust or mortgage, most wouldn't object, and there should be no cost there.

Do your due diligence, referrals can have consequences as it depends on who you know and the motivations behind them.

Settlements are usually done by brokers, pretty simple. But I never advise not having an attorney in any matter, but this request was rather unusual. The transaction is about like buying a car. :)