The Importance of Having an Attorney at Closing

If you are thinking about entering the property market you may have already thought about what the importance of having a real estate attorney at closing is. As an experienced real estate attorney in Florida, we at Reinfeld & Cabrera P.A. are aware of the temptation to forego the assistance of a real estate attorney when it comes to closing. That is why we feel it is our duty to provide you with as much information about the importance of having a real estate attorney at closing before you make a decision you may later regret.

Performing a real estate closing is extremely complicated and calls for a comprehensive knowledge of the law. That is why sensible sellers and purchasers will approach a real estate attorney for assistance. Real estate closings involve a host of complex stages from examination of the title, completion and explanation of legal documents, to resolution of potential title difficulties. Your real estate attorney will be able to work through each of these stages with as little hassle to you as possible. Your real estate attorney will examine the title records for things such as prior conveyances, unpaid mortgages, liens, judgments, easements, and any other impediments on title. Your real estate attorney will be able to make sure that the seller is legally allowed to convey a good title to the property. Additionally your real estate attorney will be able to ensure that there are no mistakes in the deeds in the chain of title. Your real estate attorney will also negotiate with the title insurance company for insurance coverage against any opposing claims of ownership, liens, and easements.

Once all of the above is in order your real estate attorney will then join all the important information into one set of closing documents. At the closing your real estate attorney will make sure that all the parties involved fully understand any issues implicated in the transaction. Thereafter your real estate attorney will distribute funds, record relevant documents as public records, and prepare title insurance policies for the purchaser and lender.

As your real estate attorney we at Reinfeld & Cabrera P.A. will review and negotiate the specific terms of contracts; assess financing options and explain the terms of loans; request title searches, surveys, mortgage payoff letters, condominium documents and all other items necessary for closing; prepare the deed, all other closing documents, and closing figures; evaluate all legal documents; attend the closing and ensure a clear title is conveyed; analyze charges making sure they are coherent with estimates; and identify anything that may have an effect on your property interest as well as provide counsel if any difficulties do arise.

Instead of have you struggle through the complicated closing procedures alone we at Reinfeld & Cabrera P.A. would be honored to handle the process on your behalf as your real estate attorney. Give us a call today to find out how we can help you.