Legal Question in Real Estate Law in Virginia
Settlement agents
My sales contract has two settlement agents listed, one for me (buyer) and a different agency for the seller. Can there be two? Who pays the fees for each?
Asked on 7/18/08, 1:31 pm
2 Answers from Attorneys
Robert Strupp
Robert J. Strupp,Attorney at Law, PLC
Re: Settlement agents
Usually there is one settlement agent. I suggest you have an independent attorney review the documentation for you.
Answered on 7/19/08, 7:00 pm
Susan Allen
The Law Office of Susan E. Allen, PLLC
Re: Settlement agents
As the buyer, you may choose who will close this transaction for you. Further, you do not have to use the settlement agent recommended to you. I would suggest that you retain an attorney to handle this real estate closing for you as this sounds a bit odd.
Answered on 7/21/08, 7:48 am