If the Bank designates the attorney, He works for them not you. You should receive a written notice stating such.
After having said that , I have bought and financed 7 homes and never engangaged an attorney. If you are dealing with a reputable financial institution engaging an attorney is probably a waste of money and the bank will not change the standard provisions of their documents anyway.
The loan closing cost charged to you differ from lender to lender and may be somewhat negotiable- lots of luck.
|