What do real estate lawyers do?
Lawyers have knowledge of the law and help their clients protect their interests.
Real estate lawyers help negotiate contracts, and do their best to ensure that contracts are enforceable.
If a lawyer is doing a real estate closing, they are responsible for ensuring the seller is the real seller; that you are not being scammed out of your money.
The lawyer is also responsible for checking that the title to the property that you are buying is free and clear.
Free and clear means that on the day of the transfer of title, you are getting a property free of any prior owner liens, and clear of any encumbrances that will affect your ability to sell it
This includes making sure taxes are current, municipal utilities and other code violations or fines are paid in full.
The worst thing that can happen is you buying a property and have liens and debt attached to it.
A real estate lawyers has insurance to ensure that you are relying on good advise and to protect agent negligence or errors that could occur during the transaction. Sometimes things appear easy, but a lawyer’s experience and knowledge comes only after years of worrying in the field.
Trust them, but do not do so blindly, you must have confidence that they know the work they are promising to do.
Good luck with your future real estate investments. Let me know if you have any questions.
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