What Role will an Attorney play when they represent the Seller in a Real Estate Transaction?


1)  The attorney will review the Contract and advise the Seller as to the terms of the Contract.
 
2)  The attorney will order and review the title evidence to make sure that the Seller is giving clean title to the Buyer.

3)  If there are any title objections on the title work, the attorney will clear them in order to make sure that the Seller is delivering free and clear title to the Buyer, free from any liens and encumbrances.

4)  If there is a mortgage on the property, the attorney will obtain mortgage payoff information.

5)  The attorney will prepare the Deed and transfer declaration.

6)  The attorney will prepare a settlement statement will the proper calculation of credits, prorations, and will review the tax assessment information.

7)  The attorney will attend the closing and review the closing documents with the Seller.

 

Information Provided By:

Denise Knipp Bates of TMH
Thomas, Mamer & Haughey, LLP