j****y
发帖数: 75 | 1 不知道这个律师是什么样的要求，能否给推荐一个，谢谢 | h*******1
发帖数: 227 | 2 I can refer a bunch. But you really don't have to pay to get a buyer
attorney. If you do mortgage with me, our attorney can represent you for
free. H****[email protected]
【在 j****y 的大作中提到】
: 不知道这个律师是什么样的要求，能否给推荐一个，谢谢
| J***J
发帖数: 6000 | | h*******1
发帖数: 227 | 4 Attorney could make a difference. I am very impressed by one addendum our
attorney added to my client's P&S recently:
"If the written loan commitment contains terms and conditions that are
beyond the Buyer’s reasonable ability to control or achieve…Buyer may
terminate this agreement, whereupon any payments made under this agreement
shall be forthwith refunded and all other obligations of the parties hereto
shall cease and this agreement shall be void without recourse to the parties
hereto"
Basically this protect you to get your money back even if you can't get
mortgage after commitment date.
Thanks,
Hongmei
【在 J***J 的大作中提到】
: 用银行的就可以了
: 基本的东西还得靠自己把关
| J***J
发帖数: 6000 | 5 不是很清楚你这段话的目的,
不是都有LOAN CONTINGENCY吗?申请不到贷款当然可以不买且拿回DEPOSIT
hereto
parties
【在 h*******1 的大作中提到】
: Attorney could make a difference. I am very impressed by one addendum our
: attorney added to my client's P&S recently:
: "If the written loan commitment contains terms and conditions that are
: beyond the Buyer’s reasonable ability to control or achieve…Buyer may
: terminate this agreement, whereupon any payments made under this agreement
: shall be forthwith refunded and all other obligations of the parties hereto
: shall cease and this agreement shall be void without recourse to the parties
: hereto"
: Basically this protect you to get your money back even if you can't get
: mortgage after commitment date.
| h*******1
发帖数: 227 | 6 the normal Loan contigency means that if you can't get commitment letter by
the commitment date, you can walk away with your deposit. Not after the
commitment date.
【在 J***J 的大作中提到】
: 不是很清楚你这段话的目的,
: 不是都有LOAN CONTINGENCY吗?申请不到贷款当然可以不买且拿回DEPOSIT
:
: hereto
: parties
| z********3
发帖数: 1430 | 7 This is standard addendum that most attorney will add.
if you can't get the commitment letter on time, most attorney will work on a
extension on the commitment date or 1 day before anyway.
Here is my questions.
The attorney from the bank get paid from the bank? or the buyer?
If there is conflict between the bank and the buyer, the attorney is
representing which side?
hereto
parties
【在 h*******1 的大作中提到】
: Attorney could make a difference. I am very impressed by one addendum our
: attorney added to my client's P&S recently:
: "If the written loan commitment contains terms and conditions that are
: beyond the Buyer’s reasonable ability to control or achieve…Buyer may
: terminate this agreement, whereupon any payments made under this agreement
: shall be forthwith refunded and all other obligations of the parties hereto
: shall cease and this agreement shall be void without recourse to the parties
: hereto"
: Basically this protect you to get your money back even if you can't get
: mortgage after commitment date.
| h*******1
发帖数: 227 | 8 I have clients who have their own attorney that didn't have this addendum in
there P&S. Commitment date mortgage contigency is in the standard P&S
template. Not this one. Again, this is to protect you after the commitment
letter. You know that
commitment letter is aprove with condition. That means although you get your
approval, your loan may still be denied if you can't meet all of the
conditions.
To answer your question: The attorney if get paid by the bank, and in theory
, if buyer want to be represented, buyer need to pay the attorney as well.
It will cost about $500 depends on how complicated your case is. But I have
the agreements with attorneys that if they represent my client, then it will
be free of charge to the buyer. There is not a conflict between the bank
and the buyer. bank and buyer is not competitive relationship, both goal is
to get the loan closed.
To represent the bank, the attorney's duty includes:
1). Tile search;
2). Title insurance;
3). prepare and get all the legal document signed by all parties at closing;
4). register the title at deed office;
to represent the buyer, the attorney's duty includes:
1). work with seller attoney on P&S review and modify
2). Negotiate terms with seller attorney on commitment date/closing date
modification or any our legal modification, like seller has to pay the lock
extension fee if the closing is not on time becuase of the seller's fault
etc;
Do you see any conflict? :-)
a
【在 z********3 的大作中提到】
: This is standard addendum that most attorney will add.
: if you can't get the commitment letter on time, most attorney will work on a
: extension on the commitment date or 1 day before anyway.
: Here is my questions.
: The attorney from the bank get paid from the bank? or the buyer?
: If there is conflict between the bank and the buyer, the attorney is
: representing which side?
:
: hereto
: parties
| z********3
发帖数: 1430 | 9 very nice, thank you for your explanation.
in
your
theory
have
【在 h*******1 的大作中提到】
: I have clients who have their own attorney that didn't have this addendum in
: there P&S. Commitment date mortgage contigency is in the standard P&S
: template. Not this one. Again, this is to protect you after the commitment
: letter. You know that
: commitment letter is aprove with condition. That means although you get your
: approval, your loan may still be denied if you can't meet all of the
: conditions.
: To answer your question: The attorney if get paid by the bank, and in theory
: , if buyer want to be represented, buyer need to pay the attorney as well.
: It will cost about $500 depends on how complicated your case is. But I have
| j*****t
发帖数: 5475 | 10 As a seller I will not accept this addendum.
in
your
theory
have
【在 h*******1 的大作中提到】
: I have clients who have their own attorney that didn't have this addendum in
: there P&S. Commitment date mortgage contigency is in the standard P&S
: template. Not this one. Again, this is to protect you after the commitment
: letter. You know that
: commitment letter is aprove with condition. That means although you get your
: approval, your loan may still be denied if you can't meet all of the
: conditions.
: To answer your question: The attorney if get paid by the bank, and in theory
: , if buyer want to be represented, buyer need to pay the attorney as well.
: It will cost about $500 depends on how complicated your case is. But I have
| h*******1
发帖数: 227 | 11 Maybe. I agree. At least I would request to review the commitment letter on
the commitment date. But for my Clint's case, the seller did not.
【在 j*****t 的大作中提到】
: As a seller I will not accept this addendum.
:
: in
: your
: theory
: have
| J***J
发帖数: 6000 | 12 如果房子好卖,当然不接受
如果不好卖,人家提什么条件还不都得答应
本人当年就经历过
【在 j*****t 的大作中提到】
: As a seller I will not accept this addendum.
:
: in
: your
: theory
: have
| b***b
发帖数: 13249 | 13 现在抢房子如此激烈，能抢到房子已经不错了，这种为小概率事件准备的条款，卖家不
接受，买家一点办法都没有。
如果这个律师是免费的也就罢了，如果比较贵，就省省吧。
hereto
parties
【在 h*******1 的大作中提到】
: Attorney could make a difference. I am very impressed by one addendum our
: attorney added to my client's P&S recently:
: "If the written loan commitment contains terms and conditions that are
: beyond the Buyer’s reasonable ability to control or achieve…Buyer may
: terminate this agreement, whereupon any payments made under this agreement
: shall be forthwith refunded and all other obligations of the parties hereto
: shall cease and this agreement shall be void without recourse to the parties
: hereto"
: Basically this protect you to get your money back even if you can't get
: mortgage after commitment date.
| d*********1
发帖数: 443 | 14 这种事除非你经历很多,否则就没有绝对的好律师差律师, 在现在这么竞争激烈情况下,
太差的律师根本没发活下来. 除了律师, 你本人要随时跟踪最重要,律师也可能有遗漏
的地方,你自己有问题应该及时提出来, 对比较麻烦的房子(比如短售和银行房),还是主
张自己出点钱找律师,银行自己的律师你可能什么材料也看不到, 也难联系到律师,你自
己找的有问题可以随时跟踪. 话说当年我们买个断售房,对方一个要求是要用他们指定
的贷款经纪和律师,那个效率可算见识了, 要是中国人早就没话存活下来.律师把房屋证
上名字写错了, 来回半年没动静, 后来威胁说要去麻州律师协会告他们, 一天就把这事
办好了.
麻省房产网上不少律师,你自己去看着办吧.
【在 j****y 的大作中提到】
: 不知道这个律师是什么样的要求，能否给推荐一个，谢谢
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