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Updated almost 6 years ago on . Most recent reply

Cynthia S.'s profile image
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Cynthia S.
  • from Yonkers, NY
  • Member since Jun 7, 2013
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Cynthia S.'s profile image
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Cynthia S.
  • from Yonkers, NY
  • Member since Jun 7, 2013
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Cynthia S.
  • Yonkers, NY
2
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Starting Out

The need for an attorney

Cynthia S.
  • Yonkers, NY
Posted

Is it necessary to have a lawyer when using private or hard money lenders?

Or are the contracts and terms of the deal easily understood?

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Dan Barli's profile image
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Dan Barli
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  • from Clifton, NJ
  • Member since Mar 23, 2015
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Dan Barli
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  • from Clifton, NJ
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Dan Barli
  • Attorney
  • Clifton, NJ
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Dan Barli
  • Attorney
  • Clifton, NJ
Replied

It is not "necessary" but a very prudent thing to have an attorney to protect you. If you do not use an attorney, there is no one in the transaction who is representing you. It is wise to have a real estate attorney review all the contracts for you. 

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