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"Talent hits a target no one else can  hit; Genius hits a target no one else can see."

      - Arthur Schopenhauer.

Real Estate Closings

  • What is a Real Estate of Closing?

A real estate closing is the final step in a real estate transaction. Specifically, it is a date set at which the ownership is officially transferred, typically when the deed transfers from one individual to another. If a mortgage is involved as is often the case, then the lender will require a title search, title insurance, survey, and an appraisal which will need to have been conducted by the date of the closing. Thereafter, at the closing, all the relevant documents will be produced and verified. In addition, all contracts will be executed and the money will be transferred to the seller. Essentially, the closing is the most critical part of buying and selling property. 

  • Why Do I Want a Real Estate Closing Attorney. 

Most states require a real estate or closing attorney be present at the closing. Florida is not one of those states. However, having an attorney present at the closing is highly recommend. Further,  all banks and lenders will require an attorney present during the closing process to ensure the process is done correctly. Failure to take the proper steps can lead to headaches down the road such as title issues or encumbrances. Additionally, only licensed attorneys are permitted to provide legal services and legal advise while mere title companies cannot. Legal advise will include a comprehensive review of the contracts and other various documents, as well as advising each party of their rights, duties, and responsibilities under the terms of the contractual agreement and explain what each document means. Thankfully, in Florida, most attorneys have a closing company they are associated with or own. This makes the process that much easier. A closing attorney will be able to assist with any and all questions related to the legalities of buying and selling real property. One of the most important aspects in the process is the facilitation and handling of the proceeds or money. The buyer will place the proceeds with the attorney who will in turn place those funds in escrow. This ensures the buyer that the seller will not run of with the money, and this ensures the seller that the buyer has the money. It is in every parties best interest to have a closing attorney facilitate the transaction and paperwork before and at the closing. 

  • Our Approach.

We go the extra distance with our closing services. Not only will we handle your closing and title services, but we have experienced and excellent attorney's to do so, we also offer title services as well. We are always ready to assist with any questions you may have in the process. We have a hands on approach and take the time to run through each document and its relevance, and what to expect. We pride ourselves in making the closing process as informative, quick, and carefree as reasonably possible under the circumstances. We have helped many first time home buyers with this process and are ready to assist you in any way we can. Give us a call, email, or text us!

-  LOCAY LAW, P.L.L.C.  -

EMAIL, CALL, OR TEXT US !!

(305)800-7247 - dl@locaylaw.com

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