Quote:
Originally Posted by troutman
When did the banks make real estate lawyers their insurance salesmen? I find it odd that these products are sometimes down-loaded on us to present the clients. This is awkward in terms of us representing both sides, and not being in a conflict of interest.
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I've often signed a waiver saying my lawyer was representing both me and the bank to close the transaction.
I've always understood that was a way for the total mortgage transaction to cost less (1 lawyer instead of two) and an application of the golden rule. (He who is giving out the money makes the other guy pay the fees)