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Other names for the document:
Attorney approval letter
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Attorney review letter example
Power of attorney for real estate management
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What is an attorney approval letter?
The Attorney Approval phase allows for a detailed examination of every aspect of the contract. By involving an experienced lawyer, you're guaranteeing the removal of any loose ends or areas that could leave you in a vulnerable position before, during or after the sale.
Does a buyer need an attorney at closing?
You Need Not Hire an Attorney, Although You Might Want To While some states require that an each party to a real estate transaction retain a lawyer to represent their interests at the closing; California does not. It's prepared by the California Association of Realtors.
Why do you need an attorney for closing?
"Having an attorney to ensure the paperwork is all correct or to help ensure the sale closes if there are issues can be very valuable to all parties." Attorneys are especially helpful if there is something unusual about the real estate transaction, Davis said.
When should you hire a lawyer when buying a house?
Some people hire an attorney early in the process, to handle such matters as reviewing the brokerage contract with a real estate agent, while others wait until the purchase contract is drawn up, or until closing.