Paper Work In NY

What contracts or paper work does investors use in NYC? I tried calling one attorny and asking what paper work do I need to sell a house in nyc. There responce is you need an attorny to do the paper work. You dont need an RE agent but you need an attorny to close.

Comments(2)

  • ipitsky12th July, 2004

    Well another attorny told me that I am taking money out of his mouth. LOL

    I asked him if by law do I need an attorny if I am giving owner financing to my buyer. He stated that a bank require that both sides be represented by an attorny.

    But so far no info. :-(

  • FirstPsalms19th July, 2004

    It's the lender that requires you to have an atty at the closing. Assuming since you posted on the sub2 forum you are doing sub2s: In sub2 investing there is no new loan--no lender--therefore no atty required. Although many would recommend using one for the first one or two.

    Of course, you should double-check this with a trusted atty in NY.

    Kyle

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