Legal Question in Real Estate Law in Georgia
lender also is buyer's agent
may a lender serve as agent for a home buyer?
2 Answers from Attorneys
Re: lender also is buyer's agent
I would be highly suspicious of this arrangement, whether the lender is closing its own loan, or is acting as a real estate agent and collecting a commission.
Re: lender also is buyer's agent
Your question appears to ask whether a lender can be the buyer's agent for representation at closing. That question should be addressed to the attorney who will conduct the closing; however, the answer is likely to be no. A buyer's best move is to hire an attorney who is not affiliated with the lender or the lender's law firm to represent their interests at the closing. Alternatively, some closings are accomplished by mail, as long as the lender and title insurance company allow that practice.