Do You Know The Role Of A Real Estate Litigation Lawyer ?
The role of a real estate attorney is a vital one in any form of property dealings be it house deal or land deal related to business etc.
The Attorney's Responsibilities
A real estate attorney is equipped to prepare and review documents
relating to purchase agreements mortgage documents, title documents and
transfer documents.
A real estate attorney hired to handle a transaction will always attend
the closing with the buyer. Closing is when the money is paid and the title is
transferred. The attorney is there to ensure the transfer is legal, binding,
and in the best interests of the client.
During the purchase of a property, the real estate attorney and staff
might prepare documents, write title insurance policies complete title searches
on the property, and handle the transfer of funds for the purchase. If the
purchase is being financed, the attorney is responsible for paperwork and related
transfer of funds documentation for the buyer's lender.
In the case of a real estate dispute, such as chain of title, lot
line problems, or other issues involving contracts, the attorney will resolve
the problem.
A real estate attorney may also provide legal representation for either a buyer or a seller when a dispute winds up in a courtroom. The real estate attorney obtains facts from both sides of the dispute and tries to bring them to a resolution. This may mean hiring a surveyor or title company to work through the details.
Qualifications
Like any lawyer, a real estate lawyer has earned a law degree, which typically takes three years of study for a full-time student. They have also passed the state bar exam administered by the state in which they practice. Training for real estate law may begin with elective courses and internships during law school and may continue afterward with a certification in real estate law.
When You Need a Real Estate Attorney
As noted, some states require a real estate attorney to supervise real
estate transactions and be present at closing. These "attorney closing
states" are Connecticut, Delaware, Georgia, Massachusetts, North Carolina,
Rhode Island, South Carolina, and West Virginia.
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