Residential Real Estate Closing Attorney in Summerville and Charleston
With a decision as important as buying a house or other real property in Summerville or Charleston, South Carolina, you need the services of an experienced real estate closing attorney. For many years, we have been helping the people in Summerville and the surrounding communities successfully close their real estate transactions including:
- Home Purchases and Sales
- Contract Review, Negotiation, and Drafting
- Mortgage Refinancing
- Home Equity Lines of Credit
- For Sale by Owner (FSBO) Transactions
- Home Foreclosures
- Deeds-In-Lieu of Foreclosure
- Short Sales
- Real Estate Owned (REO) & Bank Owned Properties
Working with Buyers, Sellers, Lenders, Mortgage Brokers, and Real Estate Agents in Summerville & Charleston
At The Suttles Law Firm, our role is to help everyone involved in the real estate transaction by overseeing and explaining the transaction so that all parties can make sure they are getting what they bargained for. We work with buyers, sellers, lenders, mortgage brokers, and real estate agents to ensure that your purchase or sale is handled promptly and efficiently.
For real estate agents, we can help smooth the transaction by making sure that title issues are resolved as quickly as possible.
For lenders or mortgage brokers, we make sure that the loan documents are executed properly, and that the property is free of title issues.
For buyers, among other things, we prepare the deed, obtain mortgage and other lien payoffs, obtain HOA account statements, obtain lien waivers (if necessary), and any other customary documents for your signature required for closing.
For sellers, we will review the purchase contract before you sign it. Also, we will prepare the deed and other required documents for closing. Any forms from the buyer’s closing attorney needed for closing will be reviewed by our office prior to your signature. Additionally, we review the final settlement statement provided by buyer’s closing office to ensure accuracy of closing terms, proration of tax amounts for the current year, and any lien payoff amounts.
Our Real Estate Closing Services
At The Suttles Law Firm, we make sure your transaction is smooth and professional by offering many real estate closing services. Specifically, our services include:
Title Examination – We order and review the title to ensure that the seller has good title to the property. A title examination is conducted in the county where your interested property is located by a professional title examiner. The examiner researches the history of the property and produces a report to our law firm of the ownership of the property known as the “chain of title.” The chain of title identifies all previous owners before you. The examiner will identify whether there are any encumbrances on the land, if the seller needs to take any actions to remedy or obtain good title before the closing, and whether there are any easements, attachments, or judgments on the property. We assist in clearing up any old liens, loans, levies, probate, or other issues affecting the seller’s ability to sell the property.
Title Insurance – We also certify title and offer title insurance to the lender and/or the buyer on that title. Title insurance protects the purchaser and the lender in the event a future problem is found with the title. Once the title examination is completed, we prepare an opinion on the title that is offered to a title company for the issuance of a title binder, which is a prerequisite to obtaining title insurance. Title insurance is optional for purchasers who do not get financing through the bank or mortgage broker, but is a requirement for most lenders at the time or purchase or refinance of real estate. From the purchaser’s prospective, title insurance is highly recommended to insure the purchaser on the title against claims of interests, rights, and liens against the property being purchased. For lenders, title insurance is a requirement because the lender seeks every assurance that it has secured its first lien position on the property.
Document Preparation – There are a significant number of documents necessary to transfer property in South Carolina. We assist in the preparation of these documents, including deeds, promissory notes, security agreements, settlement statements, and many others. At the closing, we explain these documents to the parties at the closing so that everyone can have a better understanding of their rights and their obligations.
Escrow & Funds Disbursement – We act as an escrow agent and we disburse funds from the closing to make sure that all the appropriate parties get paid in the correct amounts. Part of this process includes getting payoffs from mortgage companies, prorating homeowners’ association dues, property taxes, real estate commissions, and any number of other items that have to be paid and prorated upon the transfer of property. Lastly, this process also includes making sure that the seller’s mortgage gets paid or released and paying the seller.
Recording – Many of the documents that are signed during the closing must be recorded in the deed records in the county where the property is located. We make sure that the appropriate documents are recorded and that the clerk’s (RMC’s) office is paid for recording and maintaining those records.
Come Sit at Our Closing Table
If you need a real estate closing attorney in the Charleston or Summerville areas, then we would be honored to handle your next closing. Call us now to schedule an appointment.