- Joined
- Dec 5, 2007
- Messages
- 2,880
Hi,
When a lawyer represents both the buyer and the bank in a new purchase or refinance, does it double his income more or less? For the buyer, lawyer's fee is around say $1000 for a small property. does the bank pay the lawyer around the same amount or usually more?
What are the circumstances allowing your lawyer to represent both you and the bank in a transaction?
that there are no more than 6 units? are there cases where lawyer can also rep. the bank on an apartment buildings? is the decision to allow the buyer's lawyer to rep. the bank, bank specific, lawyer related or property related?
Always good to help your team members... where possible.
Thank you and regards,
N.
When a lawyer represents both the buyer and the bank in a new purchase or refinance, does it double his income more or less? For the buyer, lawyer's fee is around say $1000 for a small property. does the bank pay the lawyer around the same amount or usually more?
What are the circumstances allowing your lawyer to represent both you and the bank in a transaction?
that there are no more than 6 units? are there cases where lawyer can also rep. the bank on an apartment buildings? is the decision to allow the buyer's lawyer to rep. the bank, bank specific, lawyer related or property related?
Always good to help your team members... where possible.
Thank you and regards,
N.