Selling Without An Attorny
I am flipping a rehab property that I purchased for cash ad selling with owner financing. Buyer's attorney has prepared the Deed, Trust Deed and Note papers but he will not be present at closing. Would it be OK to sign the papers in front of a notory and be done with it? Has any one completed a sale like this? Any "watchout's"?
Thanks.
Your closing agent should be an attorney that will watch out for both of you. You can do the paperwork in front of a notary for an informal closing. Also doing a deal without an attorney is risky, make sure you have covered yourself adequately.
Good Luck,
Kyle
Why not finish the transaction in escrow? Do you have escrow in Texas doing the same thing the lawyers do in some states or it is customary that the closing is done in the attorney's office?
Do not skimp on paying an attorney $300.00-$400.00 to close the sale,it protects all parties involved. Always cover your assets.
Thanks guys, I took your advice and closed the deal at the title company.