Buyer's Attorney
It is important to have your own legal representation to perform many duties on your behalf.
We at Buyers Advantage Group Realty only use AV Rated attorneys to ensure the very best client representation. A real estate attorney is responsible for the following tasks to ensure a smooth transition of ownership:
THE AGREEMENT
NEW CONSTRUCTION-DRAFT CONTRACT
Advise as to needed clauses for special conditions in a purchase of a resale property
PREPARE TO CLOSE
SEARCH TITLEDEEDS AND OTHER OFFICIAL RECORDS
RESTRICTIONS/COVENANTS
PLAT
SETBACK REQUIREMENTS
LIENS, JUDGMENTS, LIS PENDENS
AD VALOREM TAXES & ASSESSMENTS
ORDER TITLE INSURANCE BINDER
ORDER SURVEY, COMPARE WITH LEGAL DESCRIPTION
ON TITLE DOCS, CHECK FOR ENCROACHMENTS
ORDER PAYOFFS ON EXISTING DEEDS OF TRUST
PROVIDE INSURANCE AND TAX DATA TO LENDER
COMPLETE HUD-1, REVIEW WITH LENDER / REALTORS
COMPLETE LOAN PACKAGE FROM LENDER
SUBMIT DOCUMENTS TO LENDER FOR REVIEW
HUD-1
DEED OF TRUST-PAGE 1
HAZARD INSURANCE BINDER
SURVEY
PEST INSPECTION REPORT-CLEAN
TITLE -INSURANCE BINDER
INSURED CLOSING LETTER
GET FUNDING NUMBER FROM LENDER
GET $$$$$ FROM LENDER
ISSUE CHECKS FOR SALES PROCEEDS, COMMISSIONS, LENDER'S FEES, INSPECTIONS, SURVEY, ETC.
COMPLETE DEED, DEED OF TRUST, LIEN, WAIVER
CONDUCT CLOSING
REVIEW DEED, ETC. DELIVERED BY SELLERSIGN HUD-1
BUYERS SIGN DOCUMENTS IN LOAN PACKAGE
GET $$$$ FROM BUYERS
POST CLOSING
GO TO REGISTER OF DEEDSUPDATE TITLE AND JUDGMENT SEARCHES
RECORD DEED, DEED OF TRUST
GET RECORDING DATA-TIME, BOOK & PAGE
PREPARE FINAL TITLE OPINION
SEND TO TITLE INSURE WITH SURVEY, INSPECTION REPORT, LIEN WAIVER, COPY OF DEED & DEED OF TRUST, PREMIUM, ETC.
DISBURSE FUNDS TO SELLER, REAL ESTATE AGENTS, EXISTING MORTGAGES, LAWYERS, ETC.
SEND CLOSING DOCUMENTS TO CLIENTS
FOLLOW-UP CANCELLATION OF OLD DEED OF TRUST
FILE FORM 1099 WITH IRS
We at Buyers Advantage Group Realty only use AV Rated attorneys to ensure the very best client representation.
Below is a list of attorneys:
Frederick A. Burke
Attorney at Law
3622 Lyckan Parkway, Suite 5008
Durham, NC 27707
Office: 919-489-7788
Fax: 919-489-2699
f.burke.attorney@att.net
Harris Flanagan & Hilton, P.A.
Attorney At Law
7200 Stonehenge Drive, Suite 311
Raleigh, NC 27622
Office: 919-848-6164
Fax: 919-848-6198
dhilton@hfhlaw.com


