Law firm drafting a sale contract acting as the escrow agent
I am making an offer on a property in Florida. The home is being sold by the owner, the owner/seller retained a law firm to write the offer. I am more used to working through a realtor. A few queries:
- What's the best service to have the offer reviewed?
- The seller/owner's counsel (who wrote the offer contract) is also their designated escrow agent. Is this a conflict of interest?
- I am making a cash offer. I do not know if the owner/seller has any balance to repay to a bank. Should I be looking closer into their situation?
- Any other scenarios I should be concerned about as far as the title search, etc.?
Thank you.
Yuri