Buying a home is one of the biggest purchases you may have to do in your life. And you want to ensure you acquire a property legally. This makes it important to let an experienced real estate attorney in monroe nc handle the legal issues in the transaction. Having a knowledgeable and reputable attorney on your side can keep you from breaking a law or doing something that could delay your real estate closing. Keep reading why a real estate attorney is necessary when buying a home:
What Does a Real Estate Lawyer Do?
A real estate attorney knows the rules and regulations regarding real estate transactions. They help clients understand contracts and other legal documents. They are experts in dealing with zoning issues and mortgage fraud, negotiating for their clients, supervising the transfer of deeds and titles, as well as verifying whether a property has a legal issue like a lien or restrictive covenant.
When to Work with a Real Estate Lawyer
Working with an experienced real estate lawyer is a great idea if you are facing a tough situation like a foreclosure or short sale or when you want to buy a bank-owned property. You will need an attorney to confirm that the title of the property is clean and that it does not have any issue at all. Also, hiring an attorney can be especially important if you want to buy or sell a commercial property because the rules regarding tenant relationships and the tax filing status of a company can be complex.
Moreover, if you have filed for bankruptcy, you will want to consult a lawyer for advice. A good real estate lawyer can also be a major asset to a real estate team that deals with a property, which is part of someone else’s estate or a property situated in an area that is prone to natural disasters.
