Quote:
Originally Posted by mykalberta
So BMO is upset that a lawyer not paid for by the bank didnt do enough to protect the bank?
When I look to what my lawyer did when I bought my place how would he even know home values in Calgary as he doesnt even live in this area code.
Everything was couriered and I drove up to sign the final papers in person. Is it his responsibility to tell me that I am overpaying for my home?
And I thought PC Financial was sketch to deal with.
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Usually, a lawyer is representing the purchasers and the lender at the same time, and has a duty to both parties. There are certain "red flags" the lenders ask that we watch for. The lender is also the lawyer's client.