After the contract is signed and certain contingencies are met, a title agent (usually selected by the buyer) is employed to investigate the title of the property and determine if there are any outstanding liens on the property. Linda Singer acts as a title agent when the buyer chooses her. A title agent will produce an owner's title policy and if there is a mortgage, a mortgagee title policy, insuring the mortgage for the property at the closing.
Prior to the closing, the title agent will verify the chain of title for the property to ensure status of liens. Covenants, restrictions, and encumbrances that have been recorded in the public records in the county in which the property is located are noted and excepted from the title policy.
The transaction is finally ready to close when all title issues and liens have been addressed and all contract contingencies have been met. The final step in the purchase and sale of real estate takes place at the real estate closing. All the details concerning title, payment of liens, and financing are finalized at the real estate closing. At closing, the bill of sale, deed to the property, HUD-1 settlement statement (closing statement) and any mortgage/financing documents will be signed. The HUD-1 Settlement Statement contains all charges, payments, costs and disbursements for the transaction, including payment of liens, taxes, and closing costs.
A lawyer can assist you by explaining the real estate closing process and by preparing and reviewing the title and closing documents.
Evictions
An eviction is the legal process to remove a tenant from occupying property. The eviction process has definite deadlines and procedural rules that both the landlord and tenant must follow. Failure to comply with the procedural rules or time deadlines for an eviction case can be fatal to your cause. If you need to remove a tenant, it is strongly suggested that you seek the advice and help of a lawyer for your case. |
