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Home / Top Legal News / Risk lies with buyers in real estate closings (access required)

Risk lies with buyers in real estate closings (access required)

Because buyers in residential real estate transactions have a better opportunity to protect themselves from attorney embezzlement than sellers, they should bear the risk of loss, the Supreme Court has ruled in a 5-2 decision. The ruling aligns with the common practice of the closing attorney being chosen by and representing the buyers as well ...

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