Need second Attorney advice

[David Sohn]

The property is actually in Westmont, Illinois.

I recently started wholesaling, and unluckily I decided to pick Illinois as my market, before knowing that I need a license to wholesale more than 1 property a year. Nevertheless, I was in the process of signing a contract and learned from the agent that Illinois is an attorney state, meaning I need an attorney to close.

I found an attorney and he said if I back out of the contract after the inspection period, I COULD get sued. I thought if I back out of a contract after inspection the worse that could happen would be that I'll lose my earnest money.

Could I get a second opinion on this?

Thank you