Role of Buyers Attorney in Real Estate Closing
Whether you are looking to buy a home or a business location, you will need the services of a buyers closing attorney. A buyers closing attorney can make sure their client is protected legally and financially. What does a buyers closing attorney do?
A buyers closing attorney helps coordinate the purchase of the property by making sure all laws are followed, his client is getting the property as promised, and by managing the finances. A buyers closing attorney performs the following functions:
- Review the agreement between the buyer and their real estate agent (if hired soon enough);
- Reviews preliminary title report for mortgages, liens, restriction, taxes and ownership;
- Review and negotiate contract of sale with sellers closing attorney;
- Review mortgage commitment issued by the mortgage company;
- Prepare or review the title search;
- Prepare buyers closing documents such as power of attorney;
- Review sellers closing documents;
- Review loan documents;
- Attend closing with, or on behalf of, the client;
- Handle all funds through escrow;
- Provide an accounting of funds to the client; and
- Record all documents at Town Hall.
A sellers closing attorney can relieve the stress of buying a house or business property by making sure the client is protected. Buying a home or business location? Make sure the seller is legally compliant and your liabilities are limited by contact The Law Office of Eugene Glouzgall, LLC to handle your real estate closing matters. We charge flat rate fees on closings, and we offer FREE consultations, so you can make sure we are the right attorney for you.