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[quote=Anonymous][quote=Anonymous]I have found that it is worthwhile to spend a few hundred dollars to have a real estate lawyer review my documentation.  Especially in our last purchase where we were buying from the builder and were required to use the builder's mortgage and closing company, I hired a person that was recommended by my wife's office HR department (they have a list of vetted vendors that they recommend to employees).  For $650, he reviewed the HUD1, had a one hour session (actually ran 90 minutes, but he charged a flat fee for the package) where he reviewed the numbers on the HUD1 and pre-closing paperwork with us to make sure that what we expected and what was on the paperwork agreed.  He also attended closing, reviewed every document that was handed to us, to make sure it still met our expectations and that nothing had changed.  He found a major error on the paperwork that would have cost us close to $3000.  The closing company had to redo all the paperwork and closing was canceled.  It was reset for the next day.  However, we had taken the day off from work.  So I protested and with my lawyer's help, they also reimbursed both of us for our time (estimated 4 hours each at approximately our salaried rate) so that we got a check back from the mortgage company (since we couldn't change the amount of the cashier's check we used to pay closing costs) the next day.  The lawyer also came back the next day and did not charge us extra since it was part of the flat rate.  So, I spent $650 and saved $3000, not including the reimbursed wages lost.  Well worth it to me.  I have to say that just the peace of mind of knowing that someone who understands all of the paperwork helped watch over our closing means that I don't fret after the fact about any detail in the closing that escaped me that I'll be responsible for later (there were several issues that worried me after the purchase of my first home).[/quote]

I had a very similar experience. My husband insisted on having a real estate attorney look over the documents (also hired on an hourly basis) and they ended up saving us over $5k in errors that we may or may not have noticed otherwise. Will do this for our next house.[/quote]

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