Purchasing a house is a huge leap in faith if you do not have the help of a real estate lawyer. After all, you would be simply trusting the seller, who might be incredibly anxious to unload that property. The best thing to do is to hire a real estate lawyer so you will not have any doubt in your mind when it comes time to sign on the dotted line. Here are some points that show you just how the lawyer can help you.
Checks For Hidden Liens
All liens on the property must be paid off at the closing. However, if there is an old hidden lien on the property, the closing of the sales transaction can happen without that issue ever being addressed. When that happens, there is always a chance that the lien could resurface and cause you a lot of financial problems. After all, property liens follow the properties not the previous owners. The last thing you would want is to find that you are now responsible for paying off a large lien or your new home could be foreclosed on.
Looks For Deceased Homeowners
There can be a lot of names on the deed of a home and it is important to make sure that all of them are signing off on the sale of the property. If there is someone recorded on the current deed that is deceased, the remaining living owners need to have proper document that they have the right to sell the property. Otherwise, you could later find relatives of the deceased stepping forward for their inheritance, that might have included that house. They could have a legal standing for your home, especially if the sale process was not handled properly by the other sellers.
Prevents You From Paying Too Much In Closing Costs
If you are not careful, you could very well find yourself paying a little too much in closing costs. Therefore, you want to have a skilled real estate attorney by your side when it comes time to review the breakdown of the closing costs. Should your real estate attorney find that you are being overcharged for something or being charged a fee that you are not responsible for, he or she can have it corrected.
With all of this in mind, you will want to make sure that you are finding a quality real estate attorney like Drennan Law Office as soon as you start looking for the home of your dreams.Share