Real Estate Law

Closings and Title Insurance

Real Estate Law

Overview

Whether buying, selling, renting or developing property, the parties on each side have certain rights and obligations. A wrong move or overlooked detail can expose you to financial liability and legal action. Lallemont Law, LLC can assist you in all stages of real estate transactions, from negotiating and drafting the purchase agreement to attending the real estate closing. Lallemont Law, LLC represents purchasers or sellers of all types of property, including single family and multi-family homes, office buildings, apartment buildings, and land for commercial and residential development. Let us assist you in negotiating and preparing all the necessary documentation.  

Real Estate Law Frequently Asked Questions

What are the key points in a Purchase Agreement?
  • Identifying the Address and Parties Involved
  • Price and Terms
  • Closing Date and Costs
  • Real Estate Taxes and Special Assessments
  • Homestead Classification
  • Items that are Included or Excluded
  • Required Disclosures
  • Contigencies
  • Delivery, Acceptance Date, and Offer Expiration
  • Default
Why do I need an Attorney when I sell or buy a home?

An attorney can draft offers to purchase for homes, farms, vacant land and commercial property; land contracts; offers to purchase; deeds; easements, leases and other rental documents.

Lallemont Law LLC can assist Buyers of real estate by:

  • If you are working with a realtor, reviewing the real estate contract and its terms prior to signing.
  • If you are dealing directly with a seller, preparing a purchase agreement.
  • Helping you understand and clarify your purchase contract.
  • Assist you in understanding how you will take title.
  • Making sure you have clear title to the property.
  • Work with your lender to ensure a timely loan.
  • Closely review the proration and adjustments (including property taxes owed) prior to the actual closing .
  • Prepare and assist you in filling out a homestead application (if necessary).
  • Prepare all legal documents.
  • Attend the closing, review your documents and help you clearly understand all the documents you are required to sign.
  • Issue the title work required for the property.

Lallemont Law LLC can assist Sellers of real estate by:

  • Prior to signing, reviewing your purchase agreement and its terms.
  • If you are purchasing a rental property, assist in creating an business entity for your rentals.
  • Preparing all necessary closing paperwork, including deed, bill of sale, powers of attorney, tax forms, etc.
  • Dealing with title issues if they occur .
  • Attending the closing on your behalf if you choose to pre-sign, or review all the papers with you at closing that you will be required to sign.
What is a Bill of Sale?

The bill of sale categorizes and inventories any personal property, such as appliances, that are to be included as part of the deal.

What is “Title Work?”

In general terms, “title” refers to evidence that proves a person’s legal right to ownership of a property. Title work involves an examination of the abstract and/or search of all of the pertinent land records at the County Recorder’s office related to a particular piece of property.  

An attorney’s abstract examination uncovers unsatisfied mortgages, easements, plats, or other types of property restrictions. The attorney also searches both state and federal court records for any type of legal proceedings that could affect property such as bankruptcy, foreclosure, or when an owner of a property has been deemed to be mentally incompetent.

All lenders require buyers to purchase title insurance before closing. Angela Lallemont is an agent and can write the Title Insurance required by the lenders. The attorney also reviews the terms of the loan agreement and other bank documents for accuracy.