Review or prepare contract of sale between buyer and seller.
Review existing title evidence, survey, tax data, mortgage data, assessments, liens, easements and restrictions.
Interview and counsel client. Coordinate with lenders, Realtors® and attorney for opposite party.
Advise client concerning procedures relating to the transaction, including obtaining and discharging mortgages, obtaining insurance, acquiring possession and paying expenses related to closing.
Monitor compliance with contract including obtaining of mortgage by buyer, payment of balance of earnest money, and establishing closing time, place and procedures, and arrangements for possession.
Review title continuation and ascertain the nature of title exceptions, and prepare necessary documents to clear title exceptions. Review current survey for accuracy and encroachments.
Prepare or review closing documents, including the following: deed to real estate (including counsel on proper method of delivering and holding title), affidavit of title, bill of sale of personal property, mortgage documents (for buyer), transfer tax declaration, ALTA statement, tax affidavit, and closing proration statement.
Supervise the signing of documents.
Attend closing and supervise title procedures and delivery of closing documents, verification of closing figures and compliance with contract, payment of purchase price or delivery of proceeds, delivery of possession, recording of deed and ordering title insurance and payoff of items to be paid from closing proceeds.
Provide advice concerning post-closing procedures and tax aspects of transaction.
Herbert R. Buetow obtained his Juris Doctor Degree
from IIT Chicago-Kent College of Law in 1988. Since then much of his legal practice
has been devoted to the representation of both buyers and sellers in real estate
He has presented seminars at various real estate agencies titled,
"The Lawyer's Role in the Real Estate Transaction"
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