Expert, localized Los Angeles answers provided by Heather Roy

Ask Heather about: Mortgages, Finance, Taxes or Home Selling?
  

Lender Has Attorney

  I've obtained an FHA loan from what I believe to be a reputable mortgage company. She stated that they had an attorney who did nothing but handle real estate closings. Do I still need to find an attorney for myself.
 
 

The lender's attorney is legally obligated to look out for the lender's best interests.  That's often, but not always, identical with your interests. 
In my area, buyers are usually represented by their own lawyers at closing.  It's possible other customs prevail where you are.
That's about all I can tell you.

    Edith
Originally published on January 4, 2008
 
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