Why hire a real estate law attorney?
The real estate agent, the lender and the other party all have their own interests in a real estate transaction. But who looks out for you? When you hire a real estate lawyer, his or her sole purpose is to protect your interests and advise you of your rights and options. The housing crisis occurred, in part, because buyers did not understand the terms of their mortgages. The lack of solid, trustworthy advice up front led to disastrous consequences for millions of homebuyers and for the economy as a whole. Don’t leave your real estate deal to chance. Contact Hansen, McClintock & Riley for effective representation.
Hiring a real estate attorney may be one of the most significant aspects to any real estate transaction whether you are buying, selling, inheriting, gifting or renting residential or commercial property. The principal purpose of a real estate attorney is to safeguard your best interest and the future interest of your real estate, especially if you are not familiar with the rules, regulations, and restrictions of the transaction in which you are about to embark on. They are experts in their field and can counsel you regarding anything that may presently, or in the future put you, your interests or your property in jeopardy. There are a lot of people today who wish that they had acquired the professional services of a real estate attorney to represent them in their real estate transaction. One of the responsibilities of a real estate attorney is to explain in detail the process, consequences and legal obligations that you are about to involve yourself in prior to obligating yourself. It only takes misunderstand a term, section, or phrase and it could cost you greatly in the long run. Hiring a real estate attorney can be costly but, it may cost you a less now than it will in the future to correct a mistake, if it can be corrected. So, there are great benefits in hiring a real estate attorney who represents you, protects your best interests and the interest of your real estate.
An attorney who specializes in residential real estate will review your purchase contract, preferably before you sign it. This is especially recommended for first-time home buyers. The attorney will also work with your mortgage loan officer, the home seller’s attorney and agents to make sure that dates are set for attorney approval, home inspection, mortgage commitment and other contingencies.Your attorney will also review important documents, including the deed, bills of sale (for personal property, such as appliances) legal descriptions, mortgage loan documents, plat of survey, and title and title insurance policy. The attorney should attend your closing and The Law Offices of Allen A. Kolber is right place where you can find right Real estate lawyer Suffern
