Situations where a Fort Lauderdale Real Estate Attorney can Offer Beneficial Services during a Closing (Part 3 of 3)
It’s never a good idea to assume that every real estate transaction will go perfectly. If a deal goes sour there’s no better friend to have than an experienced Fort Lauderdale real estate attorney. There are also an infinite number of potential legal questions and concerns that can come up during the process of a closing depending on the situation, and a title company cannot help with any of these concerns.
Estate tax issues can arise in many cases
Tax concerns are a common issue with real estate purchases or sales. Only a Fort Lauderdale real estate attorney can offer assistance with structuring or restructuring an agreement so that it has favorable tax terms. Installment agreements with the IRS and other tax documents can also be filed by an attorney. Tax implications can be significant and costly, so it makes sense to work with an experienced Fort Lauderdale real estate attorney who can offer advice on the many different types of tax situations.
A Fort Lauderdale real estate attorney can negotiate and alter a real estate contract
If there is a contract dispute a Fort Lauderdale title examination & insurance attorney can negotiate the terms of a contract and modify it as necessary. A Fort Lauderdale real estate attorney can also try to enforce an already established real estate contract, especially if the other party is violating the terms of the contract. An experienced real estate attorney will ensure that the contract is fair to the client and catch problem areas prior to closing.
A Fort Lauderdale title examination & insurance attorney can deal with title disputes
Quiet title actions where two or more parties claim a title and go to court over it are another potential title conflict that a Fort Lauderdale real estate attorney can help with if needed. A quiet title dispute can take up to 6 months to resolve, so representation by an experienced Fort Lauderdale title examination & insurance attorney is particularly important in this situation. A Fort Lauderdale real estate attorney can also handle any of the potentially complicated steps needed to clear title defects including obtaining documents such as affidavits and releases.
Attorneys can help with any legal situation related to a real estate transaction
There are many other legal situations that can complicate a closing including dealing with probate court in order to clear a title, bankruptcy and foreclosure issues, defective titles, tenant evictions, litigation, and more. An experienced Fort Lauderdale real estate attorney is a far better choice than a title company in any of these complicated situations.
Call an experienced Fort Lauderdale real estate attorney at Schecter Law today if you need representation at your next real estate closing or if you have any issues or conflicts with your current transaction.