The Right to an Attorney

By
Real Estate Agent with RE/MAX Center
The Right to an Attorney
Illinois Attorney

"You have the right to an attorney ..."

That's a line we've all heard on TV many times, and hopefully never heard in person!

Depending on where you have lived and purchased real estate in the past, you may not have used a real estate attorney for your home sale or home purchase. In the Northern Illinois area, most home buyers and home sellers choose to use a real estate attorney for this transaction.

The right to an attorney review and approval is a standard contingency paragraph already written into the standard real estate contract that is used in the Northern Illinois area.

Your attorney has five (5) business days from the date of contract acceptance to review and approve the contract on your behalf. After the home inspection, your attorney will make a written request for any requested repair work - or if you are the seller, respond on your behalf to any repair requests.

At the real estate closing, your attorney will review and discuss with you the title paperwork, the HUD/RESPA documents, mortgage loan documents and review the survey with you. This is just a few of the many things that your real estate attorney will do on your behalf between the date of the contract acceptance and the date of the closing.

As always, you may choose any real estate attorney that you want, or I can refer you to several excellent real estate attorneys.

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Tags:
home buying
closing
illinois
first time home buyer
lake county
real estate
homes for sale
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Rainer
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Cedric (Ced) Reynolds
Covina, CA
(909) 263-4569

Jim,  I love hearing a Realtor who talks about the value of using an attorney in Real Estate transactions.  It certainly puts the buyers and sellers at ease when they have documents reviewed.  After all most people don't deal with Real Estate everyday.  

Ced 

Mar 10, 2008 01:51 AM #1
Rainmaker
896,798
Jim Starwalt
RE/MAX Center - Grayslake, IL
Real Estate Agent - Grayslake

Ced -

Thanks for the positive feedback. I feel that it's important that buyers and sellers know that they are protected by an attorney review in the contract.

Jim

Mar 10, 2008 09:57 AM #2
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Rainmaker
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Jim Starwalt

Real Estate Agent - Grayslake
Ready to Make a Move? Contact Jim Starwalt
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