Buying and Selling Real Estate is exciting, but it can also be stressful if you don’t have the best attorneys at your side. Real Estate transactions require attorneys who understand how to effectively negotiate contract terms, intelligently review title documents, underwrite title insurance, and efficiently close transactions. Our office has experience in all aspects of real estate closings and makes your transaction a priority. Whether you are buying or selling real estate, whether the real estate is residential or commercial, we will advise you from the contract through your closing so that you know what to expect and can enjoy all of the excitement, without the stress.
A. Is your client involved in a Chapter 13 Bankruptcy? If so, he/she will need to obtain Bankruptcy Court approval to sell their property. This requires a motion to be made by a Bankruptcy Attorney before the Bankruptcy Judgment and usually takes approximately 30-45 days to receive. Be sure to include this approval as a contingency in the contract.
Foreclosure
A. Is your client in the middle of a foreclosure action? If so, your client will need to make the attorneys aware of the foreclosure so that they can find out the status of the action and if there is a auction pending. Sellers have the right to sell up until the time of the auction, but the attorneys need to make sure they have the correct payoff amounts from the lender, a Stipulation to Discontinue the Action and an Affirmation Cancelling the Notice of Pendency.