Do not play an attorney if you are not one

[Chris Seveney]

One of the biggest mistakes I see people who invest in mortgage notes do is, play the role of an attorney. What do I mean by that?

I see this occur on both spectrums:

I see this very often during due diligence, where an investor will either perform a Google search thinking they know some statute or some law, then proceed with trying to fade the bid - even though the seller has had an attorney on the case for the past six months and can confirm there are no issues. Example of this is I had someone get a loan under agreement and sent me a link to a website about statute of limitations without any contest telling me a loan is not recoverable. Which of course was 100% not the case. When I asked if they had an attorney review they said no because of this link (shake my head).

The other spectrum is when the investor plays attorney and did not run it by an attorney and realizes they did not understand the legal process and are like “wait, I bought this thinking I could do X but I cannot because of Y”, - and a common response is “your attorney did not advise you of this in due diligence” and the response is we did not use an attorney.

I am curious if these people also google their health symptoms and just go off of that versus going to a doctor?

Stop being a cheap you know what and hire an attorney.

[Tom Gimer]

Quote from @Michael S.:

 @Chris Seveney - I can tell you for absolute fact that yes, they do, more than you would expect.   

Can you blame anybody with a working brain? Those stupid dancing videos during COVID; purposefully downplaying HCQ, ivermectin. Incentives for giving the vax and attributing C19 to deaths — dying from vs. dying with. First, do no harm is officially out the window.