Last year I was at a closing that could have been a real disaster. For whatever reason, the mortgage money showed up $30,000 short. It was clearly an error but could have taken a day or two to fix. The sellers had entered into a purchase of their own and were planning to use their proceeds for that purchase in the next hour. I called my loan officer and he immediately hand delivered a check for the $30,000 and then went back to fix the error. Do you think that would have happened if he didn’t know me? I assure you it would not. The reason your agent recommends someone is because they have a track record of service and will go the extra mile to solve a problem to keep them happy. Agents do not get kickbacks from the people they recommend. It is illegal to do so.
You have searched for a month for the right home, negotiated a great deal, and now you are going to jeopardize it all to save $100 on a cheap attorney? I have worked with attorneys that NEVER answer their phone. We even joked once that one of them had actually died and his secretary was covering for him. Turns out he was in rehab! When you think you have found a better deal in a day than your Realtor has found in years, think twice. Some lenders offer a great rate but then charge high fees to make up for it. Some attorneys have a low fee but make it up on overpriced title expenses. Listen to your agent…you chose them for a reason.
