Real Estate Closings & Refinancing Attorneys

Buying or selling a home can be a very exciting, yet stressful, event in your life.  Attorneys Eric O. Moody & Associates are here to help you through the legal complexities of buying or selling your property. 

When purchasing a home, an experienced lawyer should be present to help you understand the purchase contract, and to explain how you will take title on the property.  We make sure that there are no covenants, easements, liens, etc. that will impede your use of the property.

Many of our clients have the following questions:

Why should I close with a law firm versus a settlement company?

  • Attorneys can protect your legal rights.  Closings are more contentious now than ever before.
  • Attorneys can help when needed most.  They can often keep your closing from falling apart if unexpected legal problems develop.
  • Settlement companies can only watch you sign papers.  They are not allowed to give you legal advice, even if they notice something is not in your best interests.
  • Settlement companies quote purchasers low closing fees as a hook.  They then require you to purchase their expensive title insurance.

Will I have help understanding the Settlement Statement (HUD-1)?

The HUD-1 form is a statement of all the actual settlement costs.  It also provides a comparison of the GFE amounts and any HUD-1 changes.  We will guide you step-by-step through the settlement statement and help you understand the numbers.

What is involved in recording the title?

When you purchase real property, you receive the deed that transfers ownership or title of the property to you.  The conveyance of real property is not complete until the deed is delivered to you or your authorized agent.  The deed should then be filed with the recorder in the county or city where the property is located for public notice that you own the property. When title insurance is purchased, the title insurer checks the change of title to determine whether any defects occurred in prior conveyances and transfers—defects may then be pointed out and excluded from coverage.   It is critical to ensure that each time the property was transferred, the previous purchasers obtained clear title.

The attorneys at Eric O. Moody & Associates will help you manage and understand the massive amount of documents that come with purchasing or selling a home.  We work with our clients in closings from beginning to end.  Any contracts will be reviewed beforehand, and after receiving instructions from the financial institution, Moody & Associates will provide complete real estate services, including title searches.  After all documents are reviewed and signed by you, the required documents will be recorded in the proper courthouse and returned to the appropriate financial institution.

In the state of Virginia, the same lawyer can represent both the buyer and seller of property, but we do not recommend this. 

Contact Eric O. Moody & Associates today to make sure you have independent legal expertise on your side to represent your best interests when buying or selling your property!

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