Real estate attorneys do a variety of things when it comes to real estate. From handling money exchange to registering mortgages.\u00a0<\/p>

Title transfers, change of parcels of land, etc. are some of the things that a real estate lawyer takes care of.\u00a0<\/p>

A property attorney\u2019s job could be broad, or it could be narrowly focused on one area.<\/p>

The primary responsibility of a real estate lawyer is to conduct title searches and other related searches relating to your property.\u00a0<\/p>

If often happens is that there would be a mortgage of the seller which is sitting on the title, so your property attorney will prepare a letter, putting a condition on the seller\u2019s lawyer to make sure that all those mortgages liens and encumbrances are removed so that you can get a clear title of the property.<\/p>

Other responsibilities of a real estate lawyer are applying to your first-time homebuyer\u2019s rebate, calculating your land transfer tax, preparing all documents for your transfer, preparing all the documents related to the mortgage if you are taking one, and the most important task of the real estate attorney would be to collect the funds from you and collect the funds from the lender and securely transfer them to the seller\u2019s account.\u00a0<\/p>

The attorney would also register the transfer and the mortgage under your name and provide you with the report saying these are your title documents, here it shows that you are the buyer and provide you with the statement of adjustments and financial documents.<\/p>

If you are a seller and hiring a real estate attorney for the same, the key responsibilities of the attorney would be, presuming that you have a mortgage, your attorney will request a payout statement.\u00a0<\/p>

In the case of a HELOC<\/u><\/a>, the attorney will request for the payout of HELOC that is registered against the property.\u00a0<\/p>

If you have used a realtor, your lawyer is going to reach out to your realtor and request a Commission Statement.\u00a0<\/p>

Your lawyer is also going to prepare sales documents related to the transaction. On the date of closing your lawyer will receive the funds, pay off the mortgage or any liens, payout the realtor prepare, the check for the balance sale proceeds for you as a seller to collect.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t