Why You Need a Real Estate Closing Attorney

Is it really necessary to consult a real estate closing attorney when buying a home?

Though it isn’t mandatory in Lake County Florida, getting a real estate closing attorney when buying a home is highly recommended – even with a REALTOR already in place.

What a Real Estate Closing Attorney Does

Very briefly, here’s a rundown of what these specialists cover during real estate transactions:

Examining the Title – If you want a clear and marketable title, the best way to confirm this is to hire a real estate closing lawyer. The attorney conducts in-depth reviews to determine if there any judgments, liens, outstanding mortgages, and more.

Avoid Headaches with Campione & Hackney

Insuring the Title – Set up a security net in the event of future problems. A real estate closing attorney generally preps a detailed opinion letter, which influences the type and amount of title insurance that is in place.

Protect Your Hard-Earned Investment

Coordinating the Transaction – From getting the home inspected to reviewing the County Tax Department’s records; setting up homeowner’s insurance to checking out the HOA’s rules, and a lot more, there’s a ton that goes into home closing.

A real estate closing attorney ultimately helps buyers throughout each process, by completing all the to-dos on the client’s behalf. In addition to serving as a delegated representative, buyers also benefit from having a trained and experienced legal team review all contracts and agreements for potential pitfalls.

Buy Your Dream Home Without Fear

Disbursing Funds – At the time of closing, vendor fees are generally due. A real estate closing attorney oversees this distribution process. Think brokerage fees for real estate agents, HOA charges, home inspector payments, and all payments for vendors that are due.

Hire a Lawyer, Counselor, and Financial Coordinator All Under One Roof

Mitigate Property Disputes from the Get-Go

With the help of a real estate closing attorney, buyers can sleep more easily knowing that a thorough investigation has been conducted on the property title – and more.

Consider a farmland that has been split up and converted into a subdivision, for example. On the surface, all may seem well. But behind the scenes, hot disputes may be brewing. In new suburban developments, it’s not uncommon to find long and drawn out litigations regarding:

• Adverse Possessions
• Boundary Disputes
• Easement Disputes
• Prescriptive Easements
• Quiet Title Suits
• Reformation Of Deeds

By consulting a real estate closing attorney at Campione & Hackney, prospective buyers can avoid property disputes – before they even begin.

The Best Reasons to Hire a Real Estate Attorney

If any of the following circumstances apply to you, Campione & Hackney suggests consulting a real estate closing attorney:

• You’re buying a home from out-of-state
• The property for sale is labeled as REO, bank owned, or a short sale
• You’re investing in a commercial land or building
• The building has been inspected and is deemed to be structurally unsound
• The home is located in a disaster-prone area
• The property for sale has demonstrated hazards