Never Let Your Mortgage Broker Pick Your Attorney

Recently, I encountered a buyer who let their mortgage broker dictate who was going to be the attorney representing them in the purchase of their new home. I was blown away when the buyer told me that they had agreed to this. As a first time home buyer, it can be confusing process and many are likely to turn to friends and family to look for advice. This situation however, was where a trusted professional was giving bad advice. I’m here to tell you no matter what anyone says don’t let your mortgage broker dictate what attorney you decide to work with!

Mortgage brokers like attorney’s (relatively speaking) are a dime a dozen. There are more than enough of both to go around. This is why you want to pick them separately, you want the best of both! You want the mortgage broker who’s going to get you the best rate and be able to get the loan done when the time comes. For an attorney you want the best of the best because one small mistake can have huge implications later on down the road. If the job isn’t done right the first time it can be very costly to fix it later on. So please no matter what the mortgage broker says never let them dictate your attorney.

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Dexter Park Sold

Who says the housing market hasn’t recovered? The Hamilton Co. has just completed the purchase of the Dexter Park Apartments in Brookline. The building has gone under renovations recently updating common areas for it’s residents. The price for the 409 unit complex, a cool $129.5 million. The sellers, the Riverstone Residential Group also own a building in the Boston seaport. For more information on renting in Brookline or in downtown Boston give Back Bay Realty Group a call at 617-449-3642.