A few years ago, when I was engaged in a bank refinancing for the business that I then owned, I asked the loan officer how long it would take to complete the process. His reply was, “It depends on your attorney”.
In a previous post, I outlined how your attorney should work with you in reviewing your loan documents. There is one more thing to add: While your attorney is reviewing the paperwork package, you should be reading it, too. I know, I know…the last thing you want to do is read through all that paperwork. […]
Most borrowers send their loan documents to their attorney for review. After your attorney goes back-and-forth with the bank (or the bank’s attorney) several times to massage the paperwork, he or she calls to inform you that the documents are ready to sign. This is not the way to use your attorney. Instead, follow these […]
Sometimes a prospective client will tell me, “Oh, I don’t need you, my attorney reviews all my loan documents”. Reviewing loan docs is about 10% of what I do. If a loan document review is all your attorney does, then you are missing out on 90% of what needs to be done to protect your […]
I advise clients on bank selection, bank negotiation, loan agreements, and many more banking related issues – all with the goal of protecting you from your bank. Even though I look at a lot of loan agreements, I always tell clients to also run the loan documents by their attorneys (of which I am not). […]