Real Estate Closings Attorney
Settlement agents coordinate the “closing” of a traditional real estate contract. When the written purchase contract is drafted our office will be listed as the escrow or settlement agent. The buyer provides an “earnest money deposit” which is held in an escrow account where the funds are held until closing. This office orders a title search to identify liens, mortgages and judgments that must be paid off to obtain clear title and a title insurance policy. We will prepare Deeds, “Seller” documents, the HUD –or “settlement statement” outlining all costs for both the buyer and seller associated with the closing. On the day of closing, required documents are executed and the seller signs and delivers the deed to the buyer. Ownership of the property will then be transferred from the seller to the buyer once the deed is recorded.
Distressed Property Listings and “Short sales”
While short sales are not as popular as in recent years, there are times when the monetary value of liens attached to real property i.e., mortgages, homeowner’s association liens, judgment liens, exceed the market value of the property. Our office is skilled at negotiating and reducing all types of liens or claims and can in some cases result in a reduction of over half of the debt owned. Our office helps clients unload unmarketable properties and discharge mortgages and other liens.
Pre-Foreclosure Reduction and Refinance
If you are in “pre-foreclosure” stage, we can help reduce the mortgage debt and assist in obtaining a new loan to refinance the ‘pre-foreclosure’ mortgage currently in default. Our office is skilled at negotiating and reducing all types of liens or claims and can in some cases result in a reduction of over half of the debt owned.