My concerns - Posted by John Behle
Posted by John Behle on March 06, 2000 at 23:51:14:
With the little details I have, I would have some concerns. If I were looking at the deal, I would read through all the documents and details and I might be willing to forgo an attorney. Yet, I have some extensive training in real estate law and some in estate planning issues.
My concern is verifying the interest of the seller and then securing your interest. If it was for my own purchase, I might be confident about it after reading some of the documents and verifying details. Not knowing your background, unless you were an attorney, I have to be quite concerned about potential risks to you.
On simple note deals, no problem. On simple documents and contracts, no problem. In complicated situations, I think a competent attorney can be valuable.
My discount would be based on “worst case scenario” like this person lives to 110.