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Strips & Gores

A Real Estate Law Blog

Since I get to choose, you’re my lawyer. Right?

Yes, but not just yours.  Although the Buyer generally chooses the closing lawyer in residential transactions in SC (see our last post), that lawyer typically represents all parties at the closing table according to descisions of the SC Supreme Court.  When there is only one lawyer involved in a residential closing transaction (this is the norm in SC), that lawyer can’t take sides in a dispute or keep secrets from the parties.  Each party can insist on having his or her own lawyer of course, but this generally increases costs for the Buyer since other parties are often in a position to pass their legal fees on to him or her.  In most residential closing transactions, the closing lawyer performs important tasks for the buyer, seller, lender, and title insurance company to get the deal closed for all.

–David & David

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