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Seller’s Closing Attorney’s Role

One of the primary roles of the Seller’s House Closing Attorney is to guide a seller(s) on the legal issues affecting a real estate closing from the Seller’s perspective.  Residential real estate transactions require skill and experience.  Contractual obligations have significant impact on the real estate transaction.  The Seller relies on the Seller’s House Closing Lawyer to guide them on the legal issues.  Gateville Law Firm assists home buyers and sellers in the Yorkville, Oswego, Plano, Joliet, Aurora, Plainfield, Shorewood, Naperville, and surrounding areas on residential real estate transactions.  Attorney Sean Robertson has over 15 years of experience as an attorney and counselor of law.  Sean Robertson is a DePaul University College of Law graduate.  Attorney Robertson concentrates in residential real estate transactions.

CONTRACT REVIEW AND NEGOTIATIONS

Contractual review and negotiations are one of the main responsibilities of the Seller’s House Closing Attorney.  Real estate contracts are typically standard agreements, which vary based upon the location and circumstances of each Seller.  The two critical issues involved in a real estate contractual negotiation is the attorney review and home inspection provisions.  The attorney review provision allows modifications to the real estate contract.  The home inspection paragraph addresses major repairs and professional inspection issues.  Sellers and Buyers differ with their interests and your house closing attorney protects your legal interests.

FINANCING PERIOD

Real estate contracts have financing deadlines.  The real estate contract outlines the mortgage contingency deadlines (if applicable) prior to the closing date.  A seller’s house closing lawyer monitors the financing deadline and negotiates a contingency extension deadline.

ORDER THE SURVEY, PREPARE CLOSING STATEMENTS, AND OBTAIN NECESSARY CLEARANCE ISSUES

After the attorney review and home inspection provisions are negotiated, the seller’s house closing attorney will order the survey.  The survey summarizes the boundaries and sets forth that the seller’s property is consistent with the legal requirements.  The survey measures the property boundaries.   Furthermore, the closing statement is a financial summary that calculates the different fees and costs including title insurance fees.  The seller’s house closing attorney must satisfy the items required in the title commitment such as mortgage payoff amounts, paid assessment letters, and real estate transfer stamp requirements.  These issues are also known as “clearance issues”, which mean that any liens or other items must be satisfied prior to or at the house closing.

PREPARATION OF HOUSE CLOSING DOCUMENTS

In conclusion, the final job duties of the Seller’s House Closing Attorney are to draft the house closing documents.  The house closing documents include the warranty deed, the affidavit of title, and bill of sale among the key closing documents.  Furthermore, most sellers will sign a power of attorney for property.  The purpose of the power of attorney is to enable the seller’s house closing attorney to sign any documents at closing.  Typically, a seller’s closing attorney will sign the non-major documents such as the master closing statement.  In conclusion, Sean Robertson is a real estate attorney in Yorkville and Kendall County.  As a seller’s house closing attorney, Sean Robertson concentrates in seller’s house closings.  Sean Robertson may be reached at 630-780-1034.

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Yorkville, Illinois 60560