Your Escrow, Title, And Settlement Solution
Probably one of the most important investments you will ever make is buying a home, so it’s crucial you have solid legal representation when so much is at stake and one simple error can cost you thousands. Whether you are purchasing or selling real estate through a real estate agent or on your own, New Day Legal engages proper safeguards to protect your investment. We guide you through the entire process of your real estate transaction from negotiating the deal to preparing / reviewing the sale and purchase contract, to reviewing mortgage terms, clearing title, securing title insurance, performing the closing, and perhaps most importantly, ensuring you understand your rights, obligations and the costs associated with the transaction.
With COVID-19 bringing economic uncertainty and unprecedented challenges in the Richmond, Fairfax, and Warrenton real estate market, it is more important than ever to secure knowledgeable and experienced legal representation before entering into any real estate transaction. Our Richmond, Fairfax, and Warrenton real estate lawyers are here to protect your interests. We charge a flat fee for most real estate transactions and often structure our fees to be competitive in the Richmond, Fairfax, and Warrenton real estate market. We pride ourselves on customer service and high-quality representation while helping clients navigate through the closing process in an efficient and cost-effective manner.
New Day Legal’s Richmond, Fairfax, and Warrenton Real Estate Attorneys help individuals and businesses with: Real Estate Purchases Escrow, Title, and Closing Services Title Insurance Title Matters including Clouds on Title 1031 Exchanges For Sale by Owner Contracts Homeowners Association Disputes Foreclosure Matters Mortgage Law Reverse Mortgages Loan modifications Condo and Homeowners Association Issues Short sales Deed Preparation Seller Financing REO Purchases Zoning Variances Road Maintenance Agreements Litigation.
Your closing attorney will be responsible for the following, and as such should be selected with care: Examining the title to the property and noting any liens or defects to the title, easements, rights of way, leases or restrictive covenants Performing title curative measures if needed to convey marketable title Addressing homestead exemption issues with regard to property tax Preparing the title commitment and all documents utilized in the transaction, including: Warranty or Special Warranty Deed Assignment of Leases and Rents, all types of loan documents Acting as the disbursement agent of the funds Preparing the Closing Disclosure Statement (HUD-1), ensuring compliance with the Real Estate Settlement Procedures Act (RESPA) in order to be sure he or she is not violating any laws in handling the transaction or funds Submitting the 1099 list to the IRS each year on taxable sales of property.
Please Call Us For A Free Strategy Session
(804) 417-4905 | (703) 664-1912 | (540) 788-2273