What are some of the main points you focus on when interviewing a real estate attorney?
Here are some of the things I ask:
- Have you worked with other investors before?
- How large is your office? Do you have pre and post closers? Are there other attorneys? (If the office is too small, the closings get backed up and they never get caught up)
- Have you closed creatively financed deals (e.g. seller financed; private lender; wrap mortgages? Will you close a subject to deal?
- Can I order title early in the closing process to make sure we have time to clean up any issues?
- Are you familiar and comfortable with wholesale deals (Assigned Contracts)?
That should stimulate a good conversation to see if you have the right attorney.
Thanks for the input Lou! Excuse my ignorance, but could you elaborate on the pre and post closers?
The pre and post closers are the support people that get all of the paperwork ready for the closing and process everything afterwards. If there is not enough support personnel then the attorney winds up doing all of the work and closings can go on and on.
Aha! Got it. Thanks Lou
As a landlord, I want to know if they have a flat fee for evictions and how much experience they have with evictions.
Great question! I will add that to my list. Thanks!
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