What Does the Seller’s Attorney do in a Real Estate Closing ? What Does A Buyers Attorney Do in Real Estate Closing?
What Does the Seller’s Attorney do ?
(Every situation/ varies....here is a basic.. breakdown)
•Prepares Contract of Sale
•Prepare Closing Documents for transfer of title, deed, transfer tax returns, other closing documents required by Contract to be Signed and/or Delivered by the Parties
•Arrange for Satisfaction or Assignment of Existing Mortgages
•Notify All Parties Required to Attend of Date, Time, Place (or Coordinate Escrow Arrangements if Not a “Sit Down” Closing)
•Clear Title •Meter Readings as Required
•Compute Adjustments
•Remove Occupants if Contract Requires Vacant Possession
•Perform Any Repairs or Complete Construction if New Building, Cure Any Violations Required by Contract
•Instructions to Buyer for Payment of Balance of Purchase Price and Adjustments Due Seller
And Many other things.. If you have questions or need assistance, contact us via email or call us !
•Orders Title Insurance
(Every situation/ varies....here is a basic.. breakdown)
•Prepares Contract of Sale
•Prepare Closing Documents for transfer of title, deed, transfer tax returns, other closing documents required by Contract to be Signed and/or Delivered by the Parties
•Arrange for Satisfaction or Assignment of Existing Mortgages
•Notify All Parties Required to Attend of Date, Time, Place (or Coordinate Escrow Arrangements if Not a “Sit Down” Closing)
•Clear Title •Meter Readings as Required
•Compute Adjustments
•Remove Occupants if Contract Requires Vacant Possession
•Perform Any Repairs or Complete Construction if New Building, Cure Any Violations Required by Contract
•Instructions to Buyer for Payment of Balance of Purchase Price and Adjustments Due Seller
And Many other things.. If you have questions or need assistance, contact us via email or call us !
Buyer’s Attorney
•Orders Title Insurance
•Negotiates exceptions with Seller and with Title Agent •
Advises client to have real property inspected (engineer, termites, etc.) •Orders Survey
•Review contract of sale provided by Seller
Orders ancillary searches such as Municipal / Departmental Searches
•Prepare Closing Checklist Using Contract as Roadmap •Clear all Loan Commitment Conditions, Arrange Funding
•Review All Closing Documents
•Confirm Any Title, Survey, Certificate of Occupancy, Zoning Issues Resolved
Confirm any Municipal Code Violations Resolved
•Determine Amounts Owed at Closing, Arrange Checks, Wire Transfers
•Secure Casualty, Property Insurance •Open Utility Accounts as Needed
•Notices to Existing Tenants of Transfer
•Final Inspection
Lender’s Attorney
Lender’s Attorney
•In a Refinance, ( Call us if you would like to discuss you specific situation)




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