Four Essential Jobs a Real Estate Closing Attorney Will Do for You
Are you preparing for a real estate closing on your home or property? Have you recently bought a business or commercial property investment? When you make a large investment, you want to trust the entire real estate process from beginning to end. You want to hire the right people to advise you on your decisions and ensure the process runs smoothly. A real estate closing attorney in Miami, FL can keep everything organized and legal for you. There are four essential jobs a real estate closing attorney will take care of for you during your real estate transaction.
Title Examination
When you enter into a real estate transaction, you want to be sure that there is a clear property title. A real estate closing attorney in Miami, FL will be able to examine the title once the purchase agreement is set. This includes the evaluation of any encroachments, easements, and restrictions that may be involved. Also, we will identify whether there are any existing mortgages on the current title, and we will work to remedy any issues that may arise.
Title Insurance
You will want title insurance to protect you from any issues that may arise with your title in the future. This will protect both the seller and the buyer from any repercussions or penalties. Once the title is fully examined and insured, the real estate closing attorney will help get a title binder issued with the title company. This will enable you to acquire title insurance, which will protect your rights to the property.
Review Important Documents
Real estate documentation can be confusing and lengthy. Often times, buyers do not even read the fine print, but they should. By hiring a real estate closing attorney, you will be able to ask them any questions about documents you are signing. They will be able to closely review them with you to make sure you are fully aware of what you are signing.
Recordkeeping
Not only do real estate closing attorneys give you guidance throughout the closing, but they will also keep records of the event. This is an important job, because a closing cannot be finalized until the deed and title are reviewed by an attorney. After this, they will distribute the funds accordingly. This includes any fees, taxes, insurance premiums, proceeds, and payments. This is the final step in the closing process, and it marks your ownership of your new home or property.
These are four essential jobs that are real estate closing attorney in Miami, FL will be able to do for you during your closing. Hiring their services will give you the peace of mind that you are making the best investment for your money. Their advice and experience will keep you organized and on task during the transaction. Contact us to schedule a meeting with our real estate closing attorneys today.