Lavaee Law Group can obtain a loan for the same price as a traditional loan broker. An individual who assists a borrower in obtaining a loan is compensated by the lender on a commission basis. This commission is paid by the client and built into the loan as what are commonly known within the industry as "points." Commissions are paid to the individual obtaining financing for a borrower, whether he or she is a broker or an attorney. Therefore, a borrower may procure a loan while being advised by our team of real estate attorneys at no extra cost! Our clients get the comfort of knowing that they have an attorney representing their best interests, unlike the traditional representation where brokers package loans in order to increase their commissions. Lavaee Law Group has fused the traditional roles of an attorney and broker. As such, our team can be much more hands-on with the borrower/client and can take the time to explain each intricate detail in the financing process. Every document is reviewed and explained to our clients, insuring that no client executes a loan without understanding the implications of the documents.
Traditionally, from the inception of a real estate transaction buyers and sellers are represented by individuals whose compensation is predicated on closing the deal. Whether it is a real estate salesperson, loan agent or broker, their motivation is not to protect the interest of the client but to make sure a transaction is consummated. In contrast, an attorney's role is to advocate for their client. One need only look to the current economic crisis to appreciate the risk of putting your financial wellbeing in the hands of an individual who has self-seeking motivations. From the advent of a potential transaction, an attorney should be engaged in order to negotiate, draft and oversee all aspects of the matter.
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