From Contract to Closing
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A real estate attorney helps efficiently process real estate closings by managing contract terms and clearing title issues. They identify potential problems or "red flags" like liens, bankruptcies, or trusts that could delay closing. The attorney provides a concise closing package and communicates regularly to resolve issues and complete closings on time. Using their experience and in-house team, they offer accurate closings, low fees, and concierge services to real estate agents and their clients.
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From Contract to Closing
- 1. Contract to Closing with the Law Office of Sam J. Saad III How a real estate attorney helps YOU efficiently process your closing 851 5th Avenue North, Suite 306 Naples, FL 34102 (239) 963-1635 | Sam@SaadLegal.com
- 2. What does a real estate attorney do? Manage the contract terms Inspections, Loan Commitments, Short sales Extensions Closing Clear the title Association Estoppel Letters Utility Liens Tax Liens Property and IRS Mortgages and Lines of Credit
- 3. Red Flags that Hold Up Closing Divorce or Separation Bankruptcy Foreclosure Recent Marriage of Seller or Buyer Liens or judgments against property owners Death of property owners Easements obtained or given since purchase of property
- 4. Red Flags that Hold Up Closing Known encroachments Sellers or Buyers that will not be present at closing Powers of Attorney Trusts Probate Foreign sellers Guardianship or Incompetence of seller
- 5. MAKE LIFE EASY What can you do to
- 6. When you take a listing Before you go on the listing appointment: Prior Deed (may be a link from MLS or Property Appraiser) Tells you who you need to deal with Multiple People on the deed means multiple people on the contract Glance at the public Record Collier Clerk Website www.collierclerk.com Ex-spouse? Deceased Party? LLC Owner Trust Owner Somebody signed as Power of Attorney Pre-fill and Pre-deliver all the listing documents and disclosures
- 7. When you take a listing Ask your seller for the following: Prior Title Policy NABOR Contract has $150 penalty if the seller does not have it Solves a lot of title issues that could delay closing Even better, get the entire package from the sellers purchase Mortgage Statements Ask specifically about a second mortgage/Line of Credit Association Information Who do they Pay? Ask for a statement. Is there a Master and Local Association? Get the Association docs three day right of rescission Power of Attorney, Death Certificate, Trust Agreement, LLC Operating Agreement
- 9. Once the contract is signed DEADLINES the clock is ticking Get the CLOSING PACKAGE to the closing attorney ASAP All pages of the contract Power of Attorney, Death Certificate, Trust Agreement, LLC Operating Agreement Contact Information for all parties Prior Title Policy Mortgage Statements Association Information Commission Information SELLER and BUYER INFORMATION FORM
- 10. Once the contract is signed What should your closing package contain: All pages of the contract Even if its a standard form, we need to see that no changes have been made and make sure everyone signed the same contract Include addendums and amendments Prior Title Policy Will tell your title agent a lot of information to speed up the process $150 penalty in NABOR contract Mortgage Statements Gives the closing agent contact information for the lender Does not work as a payoff Signed Association Notice Buyer has a 3 day unwaivable statutory right to cancel for no reason
- 11. Once the contract is signed What should your closing package contain: Association Information Name of Association Contact Person Contact Information phone, address and email Association Application Seller should provide to the buyer Power of Attorney New Florida statute that makes this very complicated The new world of lending makes these virtually useless Death Certificates Must have an original Out of State title agent may need to order
- 12. Once the contract is signed What should your closing package contain: Trust Agreement We need the complete trust agreement Shows who has the power to sign LLC Operating Agreement Shows who has the power to sign Commission Information Commission Verification Form signed by both sides Prefer to get a copy of the listing agreement for the file Any additional Broker compensation? Same Day Pay Form
- 13. A RELATIONSHIP WITH YOU We want to build
- 14. What do we need from you? Information Get our team involved early. Every legal issue or problem can be resolved with time Use our Buyer and Seller Information Forms to identify potential problems early Learn the Red Flags to avoid the pitfalls
- 15. What you should expect from us Accuracy Closings done right and right away Information Regular communication about the progress of the closing Early notification of any issues Lender Follow up Post-Closing Documentation
- 16. Our team offers you Guaranteed lowest closing fee Same day pay on commissions (with Brokers ok) Staff with over 30 years of experience and NO title claims Concierge Title Services速 for pick up and delivery of documents, contracts, deposits, commission checks, keys, etc. Knowledgeable Attorneys to answer your questions Always up to date on new regulations
- 17. Our team offers you Fully in-house team to minimize complications and logistical issues Time saved from running around Liability reduced from handling original documents and confidential information Last minute rushes are handled by our Concierge Title Service速
- 18. For more information visit www.SaadLegal.com 851 5th Avenue North, Suite 306 Naples, FL 34102 (239) 963-1635 | Sam@SaadLegal.com Thank you!