Forum Discussion
Daveinet
Dec 04, 2013Explorer
Many people use a lawyer to purchase a house as well as sell a house. The realtor is just a sales person and has little interest in protecting you. They are there to make the sale. When you signed all those papers, the lawyer should have been explaining to you what each paper was and what was contained in each document. If no one was doing that, then you should not have been signing them. When I purchased my first home, the seller's lawyer freaked out, because I did not have a lawyer. Since the realtor was a personal friend, one of the pieces of advice he gave was to contact the loan officer and get a copy of the title ahead of time. This meant I saw a copy of every paper that I was going to sign before the closing and had time to review each piece at my own pace.
If there was any covenant that you needed to abide by, your bank would have had you sign an agreement to abide by that covenant. The bank is the most interested party at a closing, so in many ways, they are your most trusted party. Ultimately, if there is any enforcement, that enforcement goes through the bank, as their name is on the title.
If there was any covenant that you needed to abide by, your bank would have had you sign an agreement to abide by that covenant. The bank is the most interested party at a closing, so in many ways, they are your most trusted party. Ultimately, if there is any enforcement, that enforcement goes through the bank, as their name is on the title.
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