In a message dated 2/21/2003 10:29:47 AM Eastern Standard Time, MGTD2@aol.com
writes:
> I called the guy and asked him that question and he basically said "We
> handle millions of dollars per year through our escrow department.... and
> the bar association....and ethics....and blahblahblah."
>
>
Say and think whatever you want about New York State lawyers (I was one for a
long time, but was finally cured), but no lawyer is going to lose his license
to practice by screwing around with the money in his escrow account. If this
happens the State has a fund to pay you
I think the question more on point, is that the lawyer might be representing
the interests of the seller. Well, if a dispute does arise, the money has to
paid into Court where it will be resolved. Yes this will be a costly and huge
pain in the ass experience. So try to avoid that possibility by checking out
the seller, the car etc.
Yes, you are to a certain extent walking in a blind alley, but your concern
should be with seller, the condition of his car, not his lawyer.
In this case the lawyer is basically in a neutral position.
David Oliner
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