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Updated about 8 years ago on . Most recent reply
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Who pays attorney's in NY?
I have a potential deal in place to wholesale a property in NY. My attorney stated that end buyers use their own attorney's and that I would have to pay out of pocket for my attorney plus title search if the buyer doesn't want to use my attorneys title company? So in essence I'm paying a $500 EMD fee plus attorney and title search. All total nearly $2k. Not to mention if I back out of the deal go whatever reason I'm out my $500 plus attorney fee. Anyone else specifically in NY run into this issue?
Most Popular Reply

Not 10 dollars. 10 percent. He's not just changing the contract, he has to speak to you, draft and negotiate an assignment agreement, review settlement statements...