Who pays attorney's in NY?
I have a potential deal in place to wholesale a property in NY. My attorney stated that end buyers use their own attorney's and that I would have to pay out of pocket for my attorney plus title search if the buyer doesn't want to use my attorneys title company? So in essence I'm paying a $500 EMD fee plus attorney and title search. All total nearly $2k. Not to mention if I back out of the deal go whatever reason I'm out my $500 plus attorney fee. Anyone else specifically in NY run into this issue?