Standard residential transactions begin after the seller accepts a purchase agreement on their real estate investment. Generally, this window opens 30-60 days before the closing date to ensure time to gather all legal documents, appraisal, inspections, and other important information regarding the sale of the property. During this time, our closing teams gather data from those involved in the transaction. This data includes lender information, marital status, property information, etc.
While collecting this data, we perform a full title search on the history of the property in the public record and our expert attorneys conduct a thorough evaluation of the pending transaction. This assessment ensures that potential problems with title can be resolved promptly. Title insurance policies are also drafted during this time to prepare for closing day. Before closing day arrives, the file is reviewed by an attorney and the lender and funding is approved.
The buyer, seller, both realtors, lending officer, and the title attorney are all present for closing day unless otherwise specified. Documents are fully detailed by the attorney for all parties involved to ensure accuracy and are officially implemented. Title for the property is transferred, and the keys are exchanged at the table. Funds are distributed, documents are recorded with the Clerk of Court, the title insurance policy is issued, and the closing process is complete!
After the closing, we can also assist you with other legal work to ensure that your investment is well taken care of. We handle second mortgages, refinancing, home equity loans, and other various legal services to homeowners and business professionals across Acadiana and South Louisiana. Let us know how else we can help you, even after you close!