Fort Lauderdale Home Closing Attorney
Helping Local and Out of State Clients Since 1982
The real estate closing is the conclusion of all of the negotiating and hard work that goes into buying or selling a home or commercial property – which is one of the largest investments that someone will ever make. So appropriately, the closing is the most important part of the real estate transaction. The closing is also the time when all of the details of the real estate transaction have been completed and ownership changes hands. However, anyone who’s experienced a closing knows that it can sometimes be a long and tedious process. It is important to have experienced legal representation on your side in order to ensure that the closing goes smoothly. With over 20 years of real estate closing experience, Larry Tolchinsky has a comprehensive understanding of Florida real estate law and he works diligently to provide quality legal representation. Larry can help to ensure a smooth transaction and help you to avoid any risk and liability.
Many people wait until right before the real estate closing to hire an attorney. Although it is beneficial to hire an attorney at any time during the process, it is important to have an experienced real estate attorney review the sales agreement before you sign it. This way, you can ensure that your home buying experience goes as smoothly as possible and that potential problems are solved before closing. Larry will review the Purchase Agreement to ensure that your rights are protected and that you are fully aware of the contract details, including the often overlooked contract standards. He will assist you with your decision whether or not to buy or sell and he will be with you through every step of the transaction, from signing a Purchase and Sale Agreement to the final step – The Closing. The following are some of the services that Larry handles for the Buyer’s side of a real estate closing:
Larry handles real estate closings for first time and repeat buyers and sellers for residential and commercial property located in Fort Lauderdale, Sunrise, Wilton Manors, Oakland Park, Lauderhill, Lauderdale Lakes, Plantation, Pompano Beach, North Lauderdale, Tamarac, Coconut Creek and all other cities in Broward County and throughout South Florida.
Mortgage Refinance Closings
When refinancing a mortgage, you are essentially paying off the existing mortgage to the lender to secure a new one. One of the main reasons for refinancing is to lower the interest rate you are paying or to cash out equity. The lower your interest rate, the lower your monthly payment. Another reason to refinance is to switch from an adjustable-rate loan to a fixed-rate loan. You can also refinance with a reverse mortgage, which pays off an existing mortgage to no longer have monthly mortgage payments. Larry handles all matters related to mortgage refinance closings, which are similar to purchase closings and will require several of the above listed services.
It is also important if you are selling your home to hire an experienced real estate attorney in order to protect your interests throughout the real estate transaction. The following are some of the services that Larry handles for the Seller’s side of a closing:
Once the negotiations are over and a Buyer and Seller come to an agreement over the purchase price, a contract is signed, and it’s time to close the deal. In all real estate transactions, there are expenses and fees associated with the closing, or “closing costs.” There is one item that will affect the charges related to the closing, and that is the real estate contract itself. It’s important to have the contract reviewed to insure the appropriate party will be paying their closing costs.
Additionally, it is critical to obtain a good faith estimate (“GFE”) from the bank or mortgage company giving you the loan to buy the home. The GFE, which banks are required by federal law to provide, along with the Contract, will outline all of the closing costs, including the bank charges, escrows, and items related to the closing agent and all other items payable by the Buyer/Borrower at the real estate closing. Most Florida real estate contracts, will state which party is required to pay certain expenses related to the closing, including cost for the title search and the title insurance premium. But, if you’re not careful, you could end up paying some costs and expenses that are not customarily your obligation to pay. To avoid this situation, it is important to have an experienced real estate closing attorney review all of your documents.
When a Florida real estate transaction is closed by real estate lawyer, typically there is no attorney fee, unless a legal issue arises and the Buyer requires legal assistance. Contrary to what most people think, it does not cost the Buyer/Borrower any more money for Larry to close the transaction than it would if a title company were used for those services. The advantage of using a real estate attorney, is that the attorney is already involved with the matter and is on standby to provide legal services, if needed.
Contact Larry to find out how he can help you. You can contact him by phone at 954-522-0207 or by e-mail through this web site to schedule an appointment and learn more about Florida Real Estate Closings. He offers a free initial consultation.
To learn more about Larry Tolchinsky, click on this link: Fort Lauderdale Real Estate Lawyer