It doesn’t matter whether you are selling or buying a property, it is best to have a real estate closing attorney with you. The attorney will make sure that everyone understands the complicated real estate closing process and everything is done accurately.
Real estate closings are not a simple and straightforward process, especially if you are new to this complex world. This is why most sellers and buyers seek the help of a real estate closing or title lawyer Boca Raton. If you are wondering what a real estate closing lawyer does, we are here to help you understand that.
Title Examination
It is essential for the lender and buyer to have a clear property title for real estate closings. After receiving the purchase order, the real estate closing attorney will thoroughly examine the property title. The attorney will evaluate things like encroachments, easement, and restrictions during the title examination.
In addition to that, a real estate closing attorney will also check if the property title gives the right for the seller to sell his property to the buyer. This will help attorneys to identify if there are any pending mortgages that need to be paid before transferring the title.
Title Insurance
Title insurance is important when it comes to real estate closings because it will offer protection to both the buyer and seller if there happens to be an issue with the title in the future.
Get in touch with an experienced Title Lawyer Boca Raton who will help you with drafting an opinion about the property title. This document is required for issuing the title binder, which is an essential requirement for getting title insurance. Title insurance will protect the rights of the buyer to the property, which is why you should definitely have it.
