Tuesday, September 19, 2006

Good article about lawyers' roles in real estate sales

Any lawyers out there who are not ISBA members might be well advised to pick-up a copy of the August 2006 Illinois Bar Journal...there's a good lead article regarding lawyers' roles in real estate statewide...here's the link (not sure if you must be a member to access). The piece provides a nice discussion contrasting the parts of IL where attorneys are typically involved in residential real estate versus much of the state where that's not the case.

Much of the discussion is the typical conflict between lawyers and the one-stop shopping that many of the big lenders and/or Realtor groups are trying to pitch. I found the discussion of the ethical concerns lawyers face when they only participate at a very limited level (deed preparation only) quite interesting...probably something you should avoid as counsel.

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