Buying and selling real estate is both exciting and complicated. With significant amounts of money and time on the line, it is critical to navigate the process effectively to ensure a successful deal. The oversight of a competent real estate attorney is essential to managing all aspects of the transaction – avoiding mistakes and achieving a favorable outcome for all parties involved.
Choosing A Trusted Attorney For Your Real Estate Transaction
An attorney can play many roles in real estate transactions. Their responsibilities may include consulting prior to the signing of the contract, preparing closing documents, conducting a title search and certification, presiding over the closing, and recording the deed and mortgage. All of this work is done closely with all buyers, sellers, realtors, and lenders involved.
An adept lawyer strives to ensure that complex real estate procedures are carried out in the most efficient and satisfactory manner possible. Therefore, choosing an experienced real estate attorney to handle the purchase and closing proceedings is especially important.
Title Search
If you are obtaining a loan, your lender will require an attorney to examine the county land records prior to closing. However, if you are not obtaining a loan, it may still be beneficial to have your attorney examine the records to make certain the property is free and clear of:
- Claims of others
- Judgments
- Outstanding deeds of trust or mortgages
- Unpaid taxes
- Defective deeds
By working with Kollias Law, our title professionals will provide detailed reports to you, your lenders, and the title insurance company based on our thorough search of public records.
Don’t leave your title matters up to chance. Secure the peace of mind you deserve with the help of an experienced attorney.
Title Insurance
Title insurance protects policyholders against hazards inherent in real estate titles. However, this may not be apparent from the title search. Your attorney cannot guarantee against certain defects in the title not generally discoverable from a review of the public records. Defects of this sort include forged deeds, missing heirs, clerical errors, and more.
A typical title insurance policy will, however, protect against defects such as these. Your lender may well require that you protect its investment with title insurance, as you may also do as owners. If you choose to work with Kollias Law, we will apply for title insurance on your behalf – ensuring you have the coverage you need.
Closing
Prior to closing, instructions from the lender are sent to your attorney, a survey is completed, pest inspections are made, a homeowner’s hazard insurance policy is obtained, and arrangements are made for defects or incomplete items.
Our real estate closing attorneys are responsible for preparing all necessary closing documents, scheduling the closing, and having all necessary closing documents properly executed and recorded. You will receive copies of most closing documents, including an itemized record of all money paid by you on your behalf.
Kollias Law: Your Trusted Real Estate Law Firm In Wilmington, DE
Searching the internet for a “real estate attorney near me?” You’ve come to the right place.
Whether you are selling real estate or involved in a real estate lawsuit, Kollias Law is here to help you achieve your goals. We understand the importance of real estate matters. That’s why we make it our mission to provide you with the resources and skills you need to unlock success.
Want to learn more about our distinct approach to real estate law? Call us today at (302) 444-8140 today to get started with an initial consultation.
Call To Schedule Your Consultation Today (302) 444-8140
