How a Consumer Hired a Lawyer to Draft a Mortgage Note in California

In 2024, a personal client in California sought assistance with drafting a mortgage note related to the financing of a bed and breakfast property. The client initially relied on a title company to prepare the necessary documentation, but found that their options for addressing important terms, such as the amortization schedule and monthly payment amount, were limited. Given the complexity of the financing terms and the upcoming closing deadline, the client needed a more comprehensive mortgage note. As a result, the client received three proposals from licensed lawyers, with flat fee bids ranging from $700 to $895, all submitted to ensure completion within the requested deadline of less than one week.