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 Lawyer fees, reasonable quotation?

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airtawarian
post Aug 24 2015, 11:45 PM

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QUOTE(Sblad3 @ Jul 27 2015, 04:25 PM)
Now the bank said the loan agreement must use their panel lawyer, and only give me 1 lawyer.
And the banker only giving me 1 choice...would like to ask, is there any rules/terms force us borrower must take their panel?  what action i can take ?
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The bank has no right to force you to take up on their own panel legal firm. You insist on using your own lawyer. Just ask your lawyer to prepare authorisation letter for you. The borrower can use their own lawyer.
airtawarian
post Aug 24 2015, 11:46 PM

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QUOTE(lord @ Aug 20 2015, 11:23 PM)
I will be signing my SPA and loan agreement and lawyer already billed me. Since my property title will only be transferred to me after few months so I'm wondering if I should pay him full or only partial to prevent him from not following up my case?
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You can pay him full disbursement and half of the legal fees
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