Q: I am buying a foreclosed property, paying all cash and using the attorney who handled the foreclosure. Who does the attorney represent me (the buyer) or the bank (the seller)?
A: It’s possible that the attorney is representing the bank and not you. Have you and the attorney had a conversation about representation? Are you paying the attorney to represent you?
It’s entirely possible that you’re paying this attorney, and do not have any representation in this transaction. Please ask the attorney to clarify the situation for you. In some states, attorneys act as closing agents and don’t represent either party. You are wise to make sure you have someone to represent your interests.
If it turns out that the attorney does not represent you, you may wish to hire an attorney to review the documents and make sure you’re protected.
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