A closing attorney can be defined as a real estate attorney specializing in the closing of property transactions. He is responsible for the examination of the property title and resolving all issues that could arise before a property close. The attorney also reviews and explains all documents to be signed so they are accurate and well understood to the parties involved in the process. Real estate closing can get complicated and thorough law knowledge is required hence the need to have an attorney handle the process for you.
The Duties of Your Closing Lawyer
An experienced and qualified real estate closing lawyer understands all matters appertaining to real estate including mortgage requirements and procedures. He will therefore be in a position to connect you with the best lenders depending on your needs.
It is the primary function of the lawyer to ensure that the good title of the property is transferred. By good title it means genuine and valid title and this calls for a title research where he examines plats, probate records, surveys amongst other legal documents.
In case the title has defects, it is upon the lawyer to attempt to have the errors corrected to put everything in order for you. He should contact involved parties to sort problems that develop during the examination so that there are no delays in the scheduled property closing date.
Retaining your attorney can be of great help since you know that you have someone to turn to for complex legal matters and when complex financial matters arise with the property. The lawyers are helpful both for buyers and sellers and take the responsibility of making sure that everything goes smoothly throughout the closing process.
The lawyer ensures that all closing formalities are approached in the most professional way ensuring that nothing is left to chance risking future problems after the close. He examines all documents, contracts and agreements between buyers and sellers for the best interests of the client.
Hiring a Closing Attorney
There are so many real estate firms today and probably the first thing you should do to get the best closing attorney is to find the most reliable firms in your locality. Look at the reputation of the firm and determine the potential it has in meeting your needs.
Considering that closing is a process that will be handled by an individual lawyer, make sure that you check the team that the company is made up of. Look at the individual lawyer qualifications and competence so you can have a say on the attorney the firm selects for your needs or the one you get to choose for the services you need.
Also important to check is the experience that the closing attorney has and the number of successful closings he has handled in the past. Skills are also important and you should ask questions regarding issues that could arise during the closing and what steps the lawyer will take to put things in order for you.