Real Estate

The Seller's Attorney: Reviews the Offer to Purchase, directs the updating of your abstract or title insurance policy, prepares the deed, revenue transfer declaration, required tax information forms, an approved power of attorney form, obtains a mortgage payoff, if any, reviews all closing figures to assure the proper distribution of net sale proceeds, and attends the closing.

The Buyer's Attorney: Reviews the Offer to Purchase, assures the completion of your purchase according to the terms of the offer, examines the updated abstract or title insurance commitment so that you will own your home, review the work of the closing agent, and advise you on all matters relevant to the purchase.

Different Ways to Hold Title in Real Estate:

• Tenants in Common: Two or more persons own an interest in real estate with other property owners. When one owner dies, that owner's share goes to that owner's estate and not to the other surviving property owners.
• Joint Tenancy: When a joint tenant dies, the surviving joint tenant(s) owns the property of the joint tenant who died.
• Tenancy by the Entirety: Allows a husband and wife to hold their residence free of claims against only one spouse.

Buying and selling real estate involves one of the larger assets you own during your lifetime. The decisions you make at the time of the transaction can seriously impact you for years to come. In order to protect yourself and your family, you are encouraged to consult with a competent attorney in the state in which the real estate is located.

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