I was recently quoted in an article appearing on Philly.com, “Why Real Estate Attorneys are Valuable“. The article focuses on the importance of retaining a qualified real estate attorney to advise on even the most basic real estate transactions. Buying a home in California maybe the biggest financial transaction of a person’s life but they often enter into this transaction without consulting an attorney. I strongly suggest consulting an attorney and making sure you understand the document you are signing before you sign it. In other words, relying on your real estate agent or broker can be a risky proposition. In California, as well as in some other states, there is no requirement that a real estate attorney be involved in a real property transaction. That being said, even without any requirement it is far better to get informed advice then to later try to undo a bad deal.
By Zachary D. Schorr, www.schorr-law.com, zschorr@schorr-law.com, 310-954-1877.
You are so right, especially in this day and age of short sales and foreclosures.