Quote:
Originally Posted by BrianL99
If buying and selling a piece of real estate was that simple and uncomplicated, closing would be done at Drive Up Windows, like McDonald's sells burgers. It's more complicated than that.
If someone is questioning if they have the option to purchase Title Insurance, they are unfamiliar with the intricacies of buying property and could use some good advice from a professional (attorney), rather than social media posts from folks who likely don't know any more than the original poster.
Nary an hour goes by, without a post being made on social media, about Deed Restrictions, Architectural Review, White Crosses, sticking lights under the eaves of a home or especially, how a Bond works.
If more people used attorneys when buying homes in TV, they'd be far fewer social media posts and lot more folks who understand just what they bought, when they handed over their money.
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I thought a Real Estate Attorney position was to review paperwork for the interest of their client looking for legal issues or clauses from seller or buyer. Mainly title insurance and mortgage documentation (especially land contract or out of country) to insure no current liens or contingencies from a past or current lawsuits.
I had no idea a Real Estate Attorney would line by line read and give a full explanation of how to file ARC Reviews, (single sheet fill in the blanks wait for Yes or No Response)
Read and summarize Deed Restrictions, (White Cross not allowed, with exceptions for pot or under Eve)
Under Eve lighting Allowed, (Not requiring ARC Review to be filed).
I guess an Attorney could be prompted to explain ARC, Deed Restrictions, for a few thousand dollars, seems like it would be padding the billing.
However one might contact an Attorney, (Real estate probably an overkill) to start a Class Action for “Under Eve Lighting” that at present doesn’t require ARC or infringing on Deed Restrictions.