Month: November 2019

Infographic : Factors to Check When Choosing a Real Estate Attorney

by Capital Abstract & Title | November 22, 2019

This infographic titled “Qualities of a Good Real Estate Attorney” lists the qualities that we must look for when hiring such a lawyer. It’s a handy guide for anyone looking for good legal representation. It lists the following qualities:

Full-time lawyer: A good lawyer does not practice law on the side or as a means to earn a little extra cash. Practicing law takes time and dedication. You want someone who takes their job seriously and is dedicated to the profession.

Local expertise: Real estate law can vary from state to state and it’s imperative that your lawyer has the expertise on local laws. Even arcane provisions of the law can be very useful, and your lawyer must know every rule that applies to your property. A good Boca Raton real estate lawyer will also know how the courts work in the area, the general practices and what is frowned upon. This information can be priceless.

Professionalism and skill: Anyone who takes pride in their profession will be punctual, prompt in addressing concerns, and behave in a manner befitting the legal profession. They must also have the knowledge skill needed to serve your interests.

Experience: There is a reason experience is valued so highly. While there may be many provisions in the law, an experienced lawyer can tell you how these actually apply in real life. Knowledge of how the laws are interpreted is extremely valuable and can help you in tricky situations.

Communication skills: A good lawyer is almost always a great communicator. Look for a lawyer who answers your questions satisfactorily and gives you an honest assessment.

Track record: Don’t hesitate to ask them if they have dealt with similar cases to your own and inquire about the outcome.

Infographics

Why You Need Title Insurance

by Capital Abstract & Title | November 21, 2019

What happens when you have purchased property and suddenly there are unknown heirs or debts against the property? These can put your own ownership into jeopardy. Title insurance is meant to protect you from these losses or threats. There are many advantages to purchasing insurance from a Parkland title insurance company.

Title search: When you apply for title insurance, the company will ensure that the chain of ownership is clear with no hidden claimants before issuing the insurance. Thus, you can get a title search done while buying the insurance. Sure, you can do this yourself. But you simply won’t have the resources of a title insurance company.

Resolving issues: The job of a title insurance company is to make sure your title is clear. If an issue does come up during the title search, the company will try and resolve it with the other party. You can also be assured that problems are dealt with.

Saving your investment: The purpose of any insurance is basically to save you money. Title insurance will ensure that if there is a threat to your ownership, your losses will be covered. Since a property transaction represents a large amount of money, this is substantial investment protection.

For securing mortgage: Buying title insurance is usually a condition of your mortgage. Many home loan companies insist on title insurance so as to protect their own investment. After all, an unanticipated change in the property ownership can also jeopardize the recovery of their loan.

To show good faith: The property owner may also buy a policy from a Parkland title insurance company to show good faith. The insurance will be proof that the property is clear of any debts or claimants.

Why You Need a Real Estate Lawyer

by Capital Abstract & Title | November 20, 2019

Not every property transaction needs a real estate lawyer. Yet, it is often highly recommended. The truth is that a real estate lawyer Coral Springs can ensure a smooth closure with minimal fuss. Reasons you should hire a lawyer are:

Local contacts: A Coral Springs real estate attorney will have extensive local contacts for services you will need for a property transaction. These include contractors to carry out repairs and property inspectors that are reliable and reputable.

Title search & insurance: Most real estate attorneys are specialists in the title search. A title is the proof of ownership of a property and a title search is carried out to ensure that there are no competing claims that can jeopardize your ownership. A lawyer will have resources that you don’t, to research this.

Saving time: Property transactions can take time. There are documents to be filed and papers to be verified. An attorney will have the expertise and knowledge to deal with these quickly and accurately. Trying to do this yourself can result in delays. Hiring a real estate lawyer Coral Springs can help you save this time.

Checking zoning and by-laws: This is particularly important in case of commercial properties where zoning ordinances will apply. Any improper use is illegal, and you may have to pay a hefty fine. The by-laws that govern a property also need to be investigated to ensure there are no hidden costs. A lawyer will always make sure that no such rules are violated.

Completing paperwork: A lawyer will always make sure that all the necessary paperwork is in order. Simple errors in paperwork can cause delays also prove costly or even jeopardize your ownership. A real estate lawyer Coral Springs will see that vital documents are filed in a timely manner.