
Real Estate Closing
Real estate closing is an important step in the process of purchasing or refinancing a home, as it marks the end of all negotiations and legal proceedings and results in ownership being transferred.
Benefits Of Having An Attorney On The Team
Having an attorney involved ensures that:
You have an experienced guide throughout the process.
All required signatures are obtained, all contracts are correctly executed, and title records are accurate.
Your interests are protected and your questions are answered.
Any potential issues with the deal or property rights have been resolved.
Everything is done correctly and all applicable laws are observed.
Proper payment has been made.
The title has been transferred without any liens or encumbrances.
All parties are legally bound by terms such as warranties over the property's condition.
What Is The Process Like?
The typical process usually involves:
Signing a purchase and sale agreement.
Receiving approval to close from the mortgage lender.
The funds get disbursed for the closing costs.
The title gets transferred to the buyer.