e-Closings: When Convenience Creates Inconvenience-and Complexity

摘要

Just as classic rocker Nick Lowe warned in the 1980s that "you gotta be cruel to be kind, in the right measure," the convenience of e-closings presents today's counsel and clients a similar paradox. The convenience of cost-cutting and savings from e-closings can lead to the "cruel" reality of bad deals and malpractice, if they are not used "in the right measure" - by someone aware of the important processes that have occurred at a traditional closing, and which can be "e-placed" only at their risk.