An Optimistic Perspective on Real Estate Title Closings

Is it true that a lender's attorney is always present at a title closing?

a. true b. false

Final Answer:

It is false that a lender's attorney is always present at a title closing. The presence of an attorney depends on state laws, transaction complexity, and party preferences.

Explanation: The statement that a lender's attorney is always present at a title closing is false. While it is common for a lender to have legal representation during the closing process of a real estate transaction, particularly to ensure that their interests are protected, it is not a universal requirement. The need for an attorney and who needs to be present at a title closing can vary depending on state laws, the complexity of the transaction, and the preferences of the parties involved. In some cases, the lender might rely on a closing agent or a title company to handle the closing without having their attorney physically present. Therefore, it is important to understand the specific requirements and customs of the jurisdiction in which the closing is taking place.

← Probability calculation for professional sports players salaries Accounting skills and attributes →