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[quote=Anonymous]I am a real estate attorney in the DC area. I actually own a title company (who knows I may see you at closing). It is very unusual in this area to hire an attorney to represent you at closing for a residential property, but I have done it scores of time. Once the contract it is signed, there are still things and attorney can do (review loan commitments, review title commitment, review the deed, ensure contingencies are properly satisfied, etc), but you should it would have been vastly better to retain an attorney prior to closing. The following are examples of items that I change from the standard contract. 1) I don't allow real estate agents to hold deposits. 2) I require title to be free and clear, rather than insurable and marketable 3) I alter contingencies to say what people actually think they say (most real estate agents wrongly describe them) 4) I include a liquidated damage clause, rather than unlimited liability. 5) I prevent the buyer from paying an admin fee (and substantially edit the buyer brokerage agreement) 6) I remove the language in the contract obligating your estate and heirs to purchase the property if you die before settlement. [/quote]
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