Do you need a lawyer for every closing?

2 Replies

Hello all, I am getting into wholesaling (assignable purchase agreements) in the Long Island, NY area and was wondering if you could close on a house that required no financing at all (Cash buyer) and do it through a title company alone?  Or is a lawyer a must have to close on property on Long Island?

Originally posted by @Brendan Curley :

Hello all, I am getting into wholesaling (assignable purchase agreements) in the Long Island, NY area and was wondering if you could close on a house that required no financing at all (Cash buyer) and do it through a title company alone?  Or is a lawyer a must have to close on property on Long Island?

 It depends on your area.  Title only states allow escrow to be opened without a lawyer and in other areas only a lawyer can open escrow.  Call a local title company and ask if you can open escrow 

Originally posted by @Brendan Curley :

Hello all, I am getting into wholesaling (assignable purchase agreements) in the Long Island, NY area and was wondering if you could close on a house that required no financing at all (Cash buyer) and do it through a title company alone?  Or is a lawyer a must have to close on property on Long Island?

 Ask about double closing.

In NC I can double close ( flip ) in SC I must close on deal first then flip.

Crazy same thing but some states allow others don't.

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