Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Wholesaling
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 about 8 years ago on . Most recent reply

User Stats

83
Posts
9
Votes
Dave McEvoy
  • Wholesaler
  • Montgomery, NY
9
Votes |
83
Posts

Who pays attorney's in NY?

Dave McEvoy
  • Wholesaler
  • Montgomery, NY
Posted

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

User Stats

1,399
Posts
793
Votes
Jessica Zolotorofe
  • Attorney
  • New Jersey
793
Votes |
1,399
Posts
Jessica Zolotorofe
  • Attorney
  • New Jersey
Replied

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...

Loading replies...