Attorneys play a very important role in many transactions that we do, and especially those that involve the exchange of money or property. in the case of property, buying a new house or home is usually a persons biggest investment. It is something that they have been saving for most of their lives, and a very small and insignificant looking clause could make that person lose all their savings to unscrupulous dealers. In this article, we are going to take a look at the role of the attorney in real estate transactions.
The Real Estate Contract
Like I mentioned a second ago above, it is important for the lawyer to peruse through your contract since it contains all of the terms of purchase and ownership. You should also peruse through it and ask questions where you don’t understand before signing it. this is the document that binds the buyer and the seller and it needs to be understood well.
Those that would like to take a loan will be required to ask their attorney to check with the lands records prior to getting the loan. The attorney should still go through the records even if one isn’t after a loan, just to make sure that everything is alright. They should ensure that the property they are buying is free and clear of:
- Claims of others
- Outstanding deeds of trust or mortgages
- Unpaid taxes
- Defective deeds and similar defects.
People are bound to come across things like forged deeds, missing heirs, and clerical errors, and these might bring about problems when you’ve already bought the property. This is where title insurance comes in. many lenders would require you to protect your investment with title insurance to ensure that you’re somehow covered in the event of anything. It is your attorneys job to obtain the title insurance for you.
Before closing of the deal, your attorney needs to check out things like surveys, pest inspections done, obtaining homeowner’s hazard insurance policy, and a host of other things. The attorney will then prepare the necessary closing documents, scheduling the closing, explaining all necessary closing documents and having them properly executed and recorded.
Just the way that you would require an attorney in real estate transactions, the attorneys are also required for other things. You could be accused of driving under the influence or drinking while intoxicated. Such cases can ruin your reputation, cause you to lose your job, limit your freedom, and even put your assets in danger. In such situations, you need a lawyer that can wittily and quickly get you out of that situation before it takes its toll on you. That is where Stringer Law, serving the greater Kansas area, comes in. the firm is led by Charles Stringer II and specializes in DUI (driving under influence) and DWI (drinking while intoxicated) cases. DWI attorney Kansas City MO, Charles Stringer and his team are aggressive and will ensure that you come out the victor, either free of charges or with very minimal ones.
Attorneys play a very important role in our lives, although if we have never needed them, we might never know. The moment that disaster strikes are when you will know the essence of lawyers in everyday life because they could mean the difference between freedom and jail time.