Real estate lawyers specialize in various aspects of property law, including compliance, disputes, the buying and selling of homes, management, property ownership, and title issues. In these matters, real estate attorneys ensure that the agreements they assist with reflect their client’s understanding of the transaction’s terms and conditions. You’ll want to have someone who knows the law thoroughly on your side to make sure things go your way with any matter concerning real estate law in Las Vegas.
The following is an overview of some the responsibilities of a real estate lawyer:
- Verifying sellers have proper ownership of the homes or properties.
- Identifying and resolving any unpaid liens, loans, other claims against the property, or litigation while also discovering covenants, deed restrictions, and any breaks in the chain of title, even when undisclosed.
- Taking care of getting the title insurance.
- Reviewing real estate contracts to determine the allocation of funds and negotiating, when necessary.
- Preparing the disclosures, deeds, mortgages, or notes, ensuring they follow the mortgage lender’s instructions, and then making sure the client understands the terms of the transaction.
- Checking for obligations like taxes, utility charges, and homeowners association fees, and prorating them as specified in contracts.
- Preparing settlement statements that detail the funds from the buyer as well as the charges to all involved parties. Miscellaneous charges may include things like attorney fees, agent commissions, underwriting fees, title search fees, taxes, and loan discount points.
- Facilitating the closing process, including hosting the seller and buyer to sign documents and verify official identification of all parties.
- Ensuring contractual obligations have been met and providing assistance should any conflict resolution be needed.
Las Vegas Real estate attorneys can also offer valuable guidance in for-sale-by-owner transactions, where they can draft and review purchase contracts and help guide transactions to closing.
