Why Hire a Residential Real Estate Closing Attorney in Fort Lauderdale, Florida
Magnolia Law, a prestigious Fort Lauderdale real estate law firm, is explaining to the public why it is so important to hire a real estate closing attorney whenever Florida residents buy or sell real estate.
(Fort Lauderdale, FL October 2021) Whenever residential real estate changes ownership, it is vital that all the paperwork is handled according to Florida law. Sellers and buyers need to be assured that everything is legal. Otherwise, a buyer may find out later that they don’t have a clear title to their property.
When a buyer hires a real estate closing attorney from Magnolia Law, they can be certain everything will be handled properly. There are so many players involved in a real estate transaction, it is essential that there be an attorney in charge of making sure everything is legal.
Some of the people who might be involved in closing transactions include the mortgage company, the title insurance company, the subdivision developer, the broker, realtors, and the builder. Magnolia Law knows that each of these entities has legal obligations to fulfill. When the buyer hires a closing attorney who is experienced in Florida real estate law, it relieves much of the stress a buyer might feel when making such a huge investment.
Closing attorneys themselves have many legal duties to perform. A closing attorney will be essential right from the beginning. When a Fort Lauderdale resident decides to purchase a property there will be a contract between the buyer and the seller. The closing attorney will examine this initial contract and make sure everything is legally correct.
Along the way, there will be documents that need to be reviewed. Before a person can sell a property, the Fort Lauderdale closing attorneys will make sure that the owner has a clear title and can sell the property. Buyers need to be certain that they own the property once everything is signed.
To make sure that the seller actually owns the property they want to sell, the attorney will make sure there are no title defects. A title defect can be due to many different things. There could be a lien on the property, or there may be unpaid taxes or utility bills. A very important detail is to check for ongoing boundary disputes and for previous easements that may have not been declared earlier. A closing attorney will make sure that the title company has cleared all the buyer’s title defects before the closing.
Another main reason to hire a closing attorney is that the attorney will attend the actual closing for you. They will also handle all the banking details and will inspect every document ahead of time so there should be no surprises.
About Magnolia Law – The Real Estate Closing Firm
Magnolia Law was founded on the core principles of compassion, integrity, resilience, and fortitude. The real estate attorneys at Magnolia Law specialize in handling all aspects of residential and commercial real estate closings. They provide free consultations to evaluate each client’s individual case. Whether you are purchasing a home, refinancing your loan, or buying investment property, a real estate attorney at Magnolia Law in Fort Lauderdale can handle your closing. The real estate lawyers in the firm serve brokers, realtors, lenders, developers, mortgage brokers, builders, lawyers, investors, buyers, and sellers throughout the entire state of Florida. The firm is also a proud member of The Fund – a division of Florida’s largest title insurance underwriter, Old Republic Title.