Why You Need the “Right” Lawyer for Real Estate

Whether you are buyer, selling or refinancing your home, there are any number of special issues and unique practices and problems of law that can arise. A real estate lawyer has the training and experience to deal with these problems. Some people make the mistake of looking at lawyers alike or assuming that any lawyer can handle a closing; but ask yourself, if you or a loved one was on trial for a crime you didn’t commit, would you look for any attorney to represent you?

In a home purchase or sale, the process begins with a contract to lay out the terms of the agreement. Often times, these are drafted by Realtors or other non-lawyers, but in every contract, both buyer and seller are bound by the terms and obligations in those agreements that affect their deposit money and the house itself and count on title issues, inspections and/or repairs, including new regulations over smoke and carbon monoxide detectors.  Even in the case of refinancing an existing home, the title and underwriting process involves many of the same concerns.

These concerns may seem simple, but without a lawyer, the consequences may be more disastrous than purchasing a car that turns out to be a lemon, or a stock investment that was unwise. An experienced real estate lawyer can work with your Realtor and lender to move you to your closing while being able to spot and deal with potential problems from unreleased liens to tax consequences and shared driveways, and unlike a Notary or Settlement Service, a real estate lawyer is uniquely qualified to offer advice and solutions. A real estate lawyer is also able to help home-owners and home-buyers deal with extreme distresses ranging from short sales and loss mitigation solutions to foreclosure defense.

It goes without saying that for most people, their home is the move expensive and valuable asset they own. Hiring the right real estate lawyer to work with you is a small and very important investment to protect that investment.

This post is contributed by a community member. The views expressed in this blog are those of the author and do not necessarily reflect those of Patch Media Corporation. Everyone is welcome to submit a post to Patch. If you'd like to post a blog, go here to get started.


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