Reference no: EM133573317

Question: Sean Paul is buying a $1.2 million home from Elizabeth with mortgage financing provided by your client, First Bank. Brokers represented both parties in preparing the contract and giving advice on closing. Before closing you'll prepare the loan documents that Sean Paul will sign. At closing you'll review the deed from Elizabeth to Sean Paul to ensure that First Bank will have a proper first lien on the property. You will also be looking at other closing documents, including the property survey, the title insurance commit-ment, the settlement statement, and buyer's and seller's affidavits. Neither Sean Paul nor Elizabeth will have an attorney at closing. Based on your prior experience with such closings, you can anticipate that Sean Paul and Elizabeth, as well as the real estate brokers, will engage you in conversation and ask you questions about the transaction and about the documents that are being signed and reviewed at closing. To make your legal representation and obligations clear to all the parties in the room, the senior partner in your firm has asked you to prepare a disclosure and non-representation letter to bring with you to the closing. The senior partner wants to review your letter before the