Whether you're a home buyer or seller, the closing process is the last step in transferring property from one party to another. A real estate attorney ensures this crucial stage goes off smoothly, that all paperwork is in order, and that all parties understand their legal rights and responsibilities. Below, three essential duties of a closing attorney are discussed in more detail.

3 Tasks Handled by a Real Estate Attorney at Closing

1. Examining the Title

For a real estate transaction to be successful, the property title must be free and clear. The process of confirming this requires a certain amount of legal expertise and examination. The attorney reviews the title carefully and resolves any issues that may be present. On behalf of the buyer, the attorney checks that there are no existing restrictions or easements. For the seller, the attorney confirms that there are no judgments, liens, or mortgages.

2. Obtaining Title Insurance

Like many states, Massachusetts requires home buyers to have title insurance. This will protect you should any problems emerge in the future. Once the real estate attorney examines the title and settles any issues associated with it, they write to the title company confirming the efficacy of the document. From there, the home buyer can purchase title insurance and finalize the sale of their new home.

3. Reviewing Paperwork

Buying or selling a home comes with a substantial amount of paperwork. The attorney reviews all documentation to guarantee that the rights and interests of their clients are protected. They can explain any vague or confusing terminology and verify that each party understands their responsibilities under the purchase agreement. They can also answer any last questions before you sign on the dotted line and close the transaction.

The real estate attorneys at Bernardini Law P.C. have been serving residents across Essex County, MA, since 2011. They offer legal assistance in a variety of real estate transactions and situations, including closing representation, short sale negotiations, and landlord-tenant disputes. They will customize a plan of action that focuses on the details of your case and the timely resolution of your legal issues. Call (978) 794-5525 to schedule a consultation.