Home Buyer Help

Valid HTML 4.01!

Down Payment Assistance Programs
I need Down Payment Money.......

The Added Cost of an Attorney

Straight Talk:

Ahhh, we've all heard the advertisements at some point, "The truth is, using an Attorney in a Real Estate transaction typically cost no more than if you didn't"

Like in New York, it only added a little over three thousand dollars for a buyer in truly "Junk Costs" to one closing above what the total "Title Costs" would have been in lets say the identical transaction in my home state of Florida. It is indeed amazing that anyone would require the use of an Attorney in a "average" home purchase, much less do it willingly.

One must admire the way in which attorneys use the English language. The KEY word in this statement is "Typically". The fact is, an attorney does NOT issue a title policy. If you choose to use an attorney, you better expect to pay $500.00 on UP for their time. This is in addition to the normal title costs that occur with a closing.

You will still pay a settlement fee, you will still pay for the title policies, you will still pay for the title search and all the other charges that go with a closing PLUS you get to pay for an attorney to sit at your closing and do the exact same thing a title company would do for far less money.

What are the benefits? Frankly, as far as we're concerned, NONE.

Why do we say that? A title policy is a insurance policy issued to you the Owner/Buyer and to the Lender which protects you against third party defects in the lien. The binders actually protect your investment.

An attorney most certainly won't be doing it. They do nothing different than a title company other than the fact they order the title policy and insurance binders from the title company. Why on earth would someone willingly pay to add one more middleman? Especially a middleman that will typically complicate your closing, which can lead to delays.

So unless you are involved in a tremendously complex and unusual multi-million dollar real estate transaction or a commercial loan, hiring an attorney for title is like throwing good money away. Something no one would knowingly do!

Home Buyer Education:
Protecting Your Credit

Copyright Copyright Notice2003 - 2012 U.S. #TX0006199019 - All Rights Reserved
Privacy Policy/Terms of Use

Printer Friendly Page
Refer Our Website
Credit Repair Techniques
Mortgage Calculators
Benefits to Mortgage Professionals
Benefits to Builders
Benefits to Realtors
Benefits to Sellers
Real Estate Terms
Home Buyer Education
First Time Home Buyer Grants
Charity Resources
Benefits To Home Buyers
Down Payment Assistance Home Page
Frequently Asked Questions
Find Local Professionals
MLS Search
line bar2
line bar3
line bar4
line bar5
line bar6
line bar7
line bar9
line bar10
line bar11
line bar12
line bar13
line bar14
line bar15
line bar16
line bar17
line bar18

VA Arm Program

bookmark this page

Link To Us - Your Link is why we are found in the search engines! Please Support Our Site

Down Payment Solutions
Find Success

Other Important Links for down payment assistance and first time home buyers:

Home Buyer Grants By State:
Alabama - Alaska - Arizona - Arkansas - California - Colorado - Connecticut - Delaware - Florida - Georgia - Hawaii - Idaho - Illinois - Indiana - Iowa - Kansas - Kentucky - Louisiana - Maine - Maryland - Massachusetts - Michigan - Minnesota - Mississippi - Missouri - Montana - Nebraska - Nevada - New Hampshire - New Jersey - New Mexico - New York - North Carolina - North Dakota - Ohio - Oklahoma - Oregon - Pennsylvania - Rhode Island - South Carolina - South Dakota - Tennessee - Texas - Utah - Vermont - Virginia - Washington - DC - West Virginia - Wisconsin - Wyoming

508 Resource Limit Is Reached

Resource Limit Is Reached

The website is temporarily unable to service your request as it exceeded resource limit. Please try again later.
508 Resource Limit Is Reached

Resource Limit Is Reached

The website is temporarily unable to service your request as it exceeded resource limit. Please try again later.