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"No non-lawyer is competent to understand all real estate transaction documents." This is bullshit, they are not complicated legalese. Additionally, the vast m
by DannyBee 9y ago
"No non-lawyer is competent to understand all real estate transaction documents."
This is bullshit, they are not complicated legalese.
Additionally, the vast majority of states require someone who can explain the documents to you be there at the closing.
Some require they even be lawyers.
Even those that don't, have provision on what must happen.
For example, in California, whoever is doing the closing will stop on each document, explain what the document is and what it says, and ask you if you have any questions, before proceeding to the next one.
I don't believe, when that happens, one can reasonably complain they didn't have a chance to understand the documents.