Posted by Kent Braaten on Tuesday, June 18th, 2019 11:04am.
If you are selling a property, a Real Estate Lawyer will provide the following services:
Provide the title search in order to identify any problems with the title and correct the same prior to transfer to the new owner.
Hold deposits in trust, and ensure all necessary adjustments are made so you only pay our proportionate share of expenses.
Prepare all necessary transfer documents and attend to signing the same with you.
Draft the necessary trust conditions for the purchaser’s lawyer to ensure all money is paid in a timely manner.
Request a payout from your mortgage company and ensure that your mortgage is paid our and removed from title.
If you are purchasing a property, a Real Estate Lawyer will provide the following services:
Provide a preliminary title search to ensure the property is free of any encumbrances, such as liens or judgments, and to ensure the seller has the legal right to sell the property in question.
Provide a preliminary tax search to ensure there are no arrears in taxes or tax liens that are going to be filed against the property.
Prepare all mortgage documents and provide the bank with the information necessary to ensure that your financing goes smoothly.
Prepare a Statement of Adjustments to ensure that you only pay your proportionate share of expenses.
Arrange title insurance for yourself and your lender to protect you against mortgage fraud, identity theft and unknown encumbrances on the property.