The role of a Tampa real estate attorney in the purchase of a Tampa home can be as broadly defined as prefer, but the office of Frank Charles Miranda, P.A. believes it is best if you understand the basics. You need to know that the real estate attorney will handle everything from verification that the property is free of liens, to explaining the fine print in the terms of your mortgage.
If you are buying a home, your Tampa real estate attorney should:
- Help you understand the intricacies of the purchase contract, including how you will go about taking title on the Tampa residence.
- Research to verify that there are no liens registered against the property, covenants or easements that will delay or possible impede a potential real estate purchase.
- Prepare and register all of the legal documents associated with the Tampa real estate purchase.
- Explain and clarify the terms of the mortgage and, if there is a misunderstanding with the mortgage, the attorney can work with the lender on your behalf to determine if a modification is achievable.
- Review any and all adjustments, including taxes owing and utilities costs paid, before the real estate transaction closes.
- Attend the closing and, once again, review and explain any and all documents that you will be required to sign at the closing.
- Arrange the title insurance protection to protect you from potential losses due to title defects.
- Ensure that you receive a completely valid registered ownership, which is subject only to the liabilities that you have accepted.
Keep in mind that Tampa real estate attorneys also offer services for Tampa residents who are currently listing their residence on the MLS. Check our next article to learn more about which services a Tampa home seller can expect from a Tampa real estate attorney.