Real Estate Titles and Contracts
Very rarely is real estate sold, whether as raw land or with improvements and whether residential or commercial, without a contract detailing the expectations of the parties. These contracts are attempts to address issues before they arise or give the parties opportunity to determine if there are issues.
These issues can range from condition of the property to the condition of the title to the property, which is determined through a review of the title history. Title history reviews are generally conducted by title companies, but may be conducted by an individual attorney in reviewing.
As an attorney, I utilize my expertise and experience with title issues and procedures to cure clouds on titles and objections to titles. It is important that any contract consider what issues need to be addressed and that they be discussed. These issues can involve a simple residential closing or a complicated commercial transaction. An attorney is an important part of the process from the initial questions of title, problems with title through contracts for purchase or sale, and to be sure that there are no issues after closing.
The attorney is also important to clarify and confirm that all of the parties involved in the closing understand their various jobs and responsibilities, and do not interfere with the responsibilities of the other parties to the closing, which may include loan and mortgage companies, real estate agents, title company, surveyor, repair requirements and post-closing contracts.
Material presented on this website is intended for information purpose only. It is not intended as professional advice and should not be construed as such. The services of a competent professional should be sought if legal or other specific expert assistance is required.