There is a lot at stake when purchasing real estate – much more than most people even realize. As one of the most expensive investments you’ll ever make, it just makes sense to protect it and yourself throughout the purchase process.
One of the best ways to mitigate risk and protect yourself from any closing issues or title issues, even those that may arise long after the purchase is complete, is to partner with a real estate attorney when buying a home.
How a Real Estate Attorney Protects You
The paperwork that comes with closing can strike fear in any homeowner – and rightfully so. The pages and pages of documents contain legally binding information that could come back to haunt you if they are not carefully reviewed by a legal professional.
Here are some of the key ways a real estate attorney protects you from closing issues:
- They tackle title issues – A clear title is essential to a real estate transaction. If there are any issues with the title, your real estate attorney will address them and make sure you are protected. They will also facilitate purchasing title insurance in order to protect you from any future title issues on your home.
- They assist with reviewing mortgage loan documents – Reviewing the loan documents for accuracy is imperative as mistakes could end up costing you more money, or worse – your home if the bank later tries to foreclose on your property. The documents you sign at closing will be those upon which the foreclosure process will be based. A real estate lawyer can help protect you from unforeseen liabilities.
- They review all other documents too – Problems or errors in documents is one of the most common reasons for delays in closing. It could be a simple spelling error or a much more egregious mistake. Your real estate attorney will thoroughly review all documents for accuracy to ensure that any problems are promptly corrected.
Hiring a real estate attorney can be the difference between having a seamless closing experience and having the entire sale fall through. Protect your home and your best interests by having a lawyer at your side. For representation that puts you first, contact us at Silverberg|Brito, PLLC.