title issues

Performance Property Real Estate Question

Reason Why Real Estate Attorneys Kill Deals

Q: Gerald, I’m working on my first real estate deal with a joint venture partner. My JV partner wants us to cancel the deal because of a minor title issue our attorney is obsessing over. I asked my friend who owns a title company and he says the title defect is no big deal and can be cured easily. But, our attorney really scared my JV partner and told him he should cancel the deal. What should I do? Christina, Mt. Vernon, NY. A: Attorneys,unfortunately, are trained more to find problems than they are to find solutions and that’s what many of them do.  But, I think the bigger issue or concern should be that you and your JV partner are not […]

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