The official answer to this question is a resounding NO, but as with all answers with professionals, there is always the fine print while you can complete your real estate transaction without a Real Estate Lawyer, this can only happen in a cash transaction. However, it is important to speak with an experienced real estate lawyer. You can speak here with a real estate lawyer.

To the vast majority of us unless we do have that piggy bank or something stashed under the mattress, it is given that you would need a lawyer, because financial institutions and lenders may insist on a lawyer in a good standing with the Law Society to assist with any real estate transactions.

 

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It is rare to see any lenders for new homeowners that would advance any mortgage proceeds without a lawyer. Financial institutions and lenders do require real estate lawyers to make sure that the mortgage tied to the loan is registered on title in the appropriate position in order to protect their investments.

When selling a property, financial institutions do rely on real estate lawyers to ensure that any outstanding mortgages on title are paid off on closing day and that their interest is discharged off title.

In conclusion, working through an experienced and a transparent Real Estate Lawyer will save you a lot of energy, time and unforeseen dangers.

You can speak here with one of our experienced real estate lawyers.