
DISCLAIMER: The information on this site is not legal advice. You should consult an attorney for advice concerning your situation. We invite you to contact us. But, contacting us does not create an attorney-client relationship. Please don't send confidential information to us unless an attorney-client relationship is arranged between us.
Should a lawyer be involved in my real estate closing?
Generally, the answer to this question is YES. Real estate closings typically can involve
some of the largest dollar transactions in a person’s life yet, it seems that
many people avoid using lawyers in such transactions, and appear to be much
more prone to use the services of lawyers in transactions involving far fewer
dollars! Not only do we recommend that
our clients discuss real estate transactions with their attorneys before entering
into contracts to sell or buy real estate, we also recommend that they keep
their attorneys involved until after the transactions are closed. Innumerable potential problems can arise,
many of which will legitimately require advice or other services from a trained
and licensed attorney. These can
include, but certainly are not limited to the following: a problem with an
easement, difficulties with tax liens, inaccurate legal descriptions,
incorrectly executed documents to prior owners of the property, court orders
affecting title to or the use of the property, restrictions on property use,
entitlement to appliances located in the real estate, possession of window
treatments, antennas and rotors, etc.
And, even at closings issues can arise like inappropriate crediting of
costs or expenses, improper charge backs, improper execution of documents,
etc. I know I have said this before on a
lot of occasions, but it seems to me that there are many people who are very
quick to seek the services of a lawyer when they buy a relatively small item
(like a vacuum cleaner, bicycle, used car, etc.) who are for some reason much
more reluctant to consult lawyers with transactions as major as purchasing or
selling a home. I think it makes good
practical common sense generally for people to consult lawyers when they are
contemplating engaging in real estate transactions, and through the process of
acquisition and financing homes and land.

Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment