Control the closing #89

https://streetsmartinvestor.com/featured/control-the-closing-89/

Hi, this is Lou Brown. I'm back with another my 101 cash
flow accelerators to help you have a more successful real estate business in a
Streetsmart way. Now in this one, we're in this segment, we're talking about
lending and whether you're buying, whether you're holding, whether you're
selling, when you use an attorney, it should always be your attorney. Now, very
often when you're purchasing a property or when you're lending, other people
will have in the contract where the closing is going to occur and if you don't
attempt to control that, what can happen is you can be in a world of hurt.
First of all, the attorney may not understand the contract and the transaction
that you're contemplating far better that you have your own team. So in the
contract we always have where the closing is going to be and it's always our
selected attorney. I know that you're going to have some push back on that.
Don't negotiate that. If you're the one paying the closing costs, the under the
RESPA rules, which is Real Estate Settlement Procedures, Act, the one paying
the closing cost gets to choose where the closing is going to occur. So you,
regardless of what the contract says, you get to dictate where that closing is
going to occur. It should be up to your closing attorney or title company to
Duke it out with any other person, regarding that contract because of the law
itself. Well, hopefully that's been helpful to you today. If so, like it. Love
it. Share it, and I hope to see you again soon. Yeah Baby!
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