OT lawyers: Real Estate work?

Real estate is cyclical.

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The firm I'm with used to do a ton of real estate work around our area before the market bottomed out

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That's the risk you run

Yeah I have a lot of confidence in the bank. It's relatively new but most are and it's board is made up of many local individuals with strong real estate backgrounds. Supposedly my area is the fastest growing region of the state. But I don't have my head wrapped around the real estate market well enough to know the outlook.

LINK /

this is the lawyer that blew the lid off the bank's chosen foreclosure mill law firms....filth. some of those lawyers should be shot.

Yeah our firm used to operate an abstract company on the side but there just isn't much work nowadays.

The title companies might take the wind out of my sails a bit. I don't want to do closings for ~$200.

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I just stopped doing it entirely. But, I'm a solo practitioner. It just wasn't worth it.

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You just need to charge more. Like $2,500 per closing, plus costs. You are a lawyer for God's sake. Charge like a man and make them pay it.

<--Real estate attorney here

The good:
Compared to other areas of law, it is very rewarding handing keys to buyers and checks to sellers. Has more of a 9-5 feel and you rarely take too much stress home. Money can be good but all of this depends on how your firm compensates you. If you are personable, you should be able to succeed because much of what you will be doing is shmoozing loan officers and realtors. The Louisiana market is very strong right now. Excellent marketing skills will help you connect with the younger loan officers and realtors (most older ones have pretty strong relationships with the established title attorneys around town). Passing title insurance test is easy.

The bad:
Tough to reach OT baller status in real estate unless you are churning through a lot of title. There really isn't that infamous "18 wheeler wreck" that will set up your retirement. Sure a 10 million dollar deal can pull in a 30k title insurance policy, but those deals are tough to come by and your portion of that policy is not going to get you very far.
Lots of arse kissing to realtors and many in that profession are unbearable dipshits with unwarranted egos. Just like anything If you are new, breaking into the field will be tough but since your firm has a history of closings it may help.
In a competitive market anything less than 5 day turnaround time (to run title and prepare commitments) is going to be frowned upon so you need a kick arse abstractor(s) and a great closing secretary. If your closing secretary sucks no LO's are going to want to send you business. Also, don't put all eggs in one basket. You mention "a bank." You will need a relationship with many banks and many realtors ( and a few builders)

TLDR synopsis:
Rewarding area of law
Louisiana market is strong
Money is okay, but OT baller status will be tough
Better get a good closing secretary and abstractor
Don't be a social retard like many attorneys
Pucker up because you will kiss the arse of many undesireables

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hollywoodlsu

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Very solid advice/guidance here.
My bride did it for almost three years and was MISERABLE because she's kind of an introvert. The arse kissing doesn't stop if you are going to make any money, at least with the firm/title co. she worked for.

How original... Never expected a douche response in here

I don't think you are too familiar with real estate closings. Most closings are couples, not some hard leg internet dweeb that posts on TD more than 2000 times in less than a year.

Nice try job in trying to rustle my jimmies however.

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OT lawyers

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Poor