A lawyer plays a central role in every private mortgage. Here is what they do and why it matters.
Closing and registration
The lawyer handles the legal work of closing the mortgage, including registering it against the property in the correct position.
Protecting both sides
Independent legal advice helps protect both the borrower and the lender, ensuring the terms are clear and properly documented.
Payments and discharge
The lawyer is also involved in handling funds and, when the mortgage is repaid, in discharging it from title.
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This article is for general information only and is not financial, legal, or investment advice. Please consult a qualified, licensed professional before making any decision.