Title Closing Lawyer Cambridge MA
A title closing lawyer, concentrates in legal matters related to real estate & handles the process of title closing. The title closing lawyer provides information about the sale and ensures that both the buyer and seller complete their part of the transaction.
The process of title closing
The process of title closing involves the transfer of real estate ownership from one party to another. A title lawyer helps ensure that all the steps in the process are followed correctly, and will also handle any disputes or irregularities that might arise during this time. It is a meeting between the buyer and seller in order to complete the transfer of property, and it usually takes place at a lawyer’s office where there will be evidence of all real estate transactions. During this meeting, ownership is transferred from the seller to the buyer. The closing process will differ based on where you are located.
What does a title lawyer do?
The main job of a title closing lawyer is to make sure that there are no defects in the property’s chain of ownership. Any issues that may arise during this process could have a severe impact on the buyer’s ownership rights, so it is important that everything be done right. The attorney will ensure that the following requirements are met: the seller has the legal ability to sell the property, the buyer has the financial means to purchase it, there are no liens or judgments against the property, and that all necessary documents are properly signed and submitted.
Their tasks include preparing the contracts for signing, examining all documents related to real estate transactions, ensuring that all relevant parties meet their legal obligations, issuing payment on behalf of buyers, collecting money from sellers and distributing it among other professionals involved in the deal such as agents and lawyers. They may also provide advice regarding taxes or other financial issues that can arise when purchasing or selling property.
What you need for a title closing to take place?
If you’re selling a property, you should have all documents relating to your mortgage on hand, as well as proof of insurance and records of any improvements made. If you’re buying a home, bring proof of identity (photo ID), two forms of payment (cashier’s check or wire transfer) and your deed with you to the closing.