How Does a Real Estate Attorney Protects Your Real Estate Investment?

 Real estate is the most crucial possession, renowned as the apple of the eye of every owner. Owning a property is a pre-requisite, and it’s impossible to do without it. Even the smallest misstep could cost you regret for a lifetime. Considering the complexity of real estate laws, it’s best advised to take the help of a real estate lawyer. You might need an attorney’s help for certain transactions or navigating the legal requirements. They can also help rescue potential landmines so you can protect your real estate investment.


Here’s how the best real estate attorney can be of great help:


Negotiate Real Estate Deals

The real estate attorney is bestowed with a keen responsibility to ensure the safety of your interests. They also offer guidance to make sure that the transaction complies with state and federal laws.


Draft & Review Real Estate Contracts

The attorney ensures the contract— involving the purchase, mortgage, or rental agreement— and includes all the legal requirements and terms.


Conduct Title Searches

Real estate attorneys also carry out title searches. A title search is necessary to match a lot of situations ensuring:

  • The seller has the legal jurisdiction to transfer the property to the buyer

  • There are no possible liens against the property

  • There are no lingering issues that may impact the buyer’s stance to take possession of the property

  • Property taxes have been duly paid


Draft Title Insurance Policies

A title insurance policy covers third-party claims on a property that often tags once the real estate transaction has closed. In addition to writing title insurance policies, the best real estate attorney can review the policy for exclusions and any possible exceptions that aren’t covered.


Draft Closing Documents

The real estate lawyer takes care of the loan closing process and makes sure all the documents needed—like the deed and closing statement—are filed properly.


Take Care of Real Estate Disputes and Litigation

The attorney may represent you in a real estate dispute, negotiate a settlement, or represent you at trial if it escalates to litigation.


Stand as a Representative in Foreclosure Actions

Real estate attorneys act as a friend when a friend is in need, especially in matters like judicial foreclosures when the lender files a foreclosure lawsuit in court to take possession of a property whose owner has not been able to clear loan payments.


Handle Disputes and Negotiations

Whether the dispute surrounds a fence or building encroachment or negotiating the use of a portion of the property, you’ll need the help of a real estate lawyer to protect your interests.


Other Uncommon Scenarios

Finally, some situations occur less frequently, where an attorney's help can come in handy. It could be related to buying or selling a property as part of an estate sale, short sale, or foreclosure auction, purchasing property in a different state from your current residence, selling due to divorce, or selling property to clear off your debts.


Final Thoughts

Real estate matters can be complicated and difficult for a layman to understand. This is why backing up the support of a business litigation law firm can provide a seamless and tangible solution to the problem. 

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