who choose closing attorney seller or buyer

Does the buyer or seller choose the closing attorney? Generally a seller will hire a real estate attorney once he or she has the offer to purchase on the table. A real estate attorney will help the seller negotiate the offer, so clearly buyer and seller would not use the same attorney.

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Can a real estate attorney do both buyer and seller closing?

Does the buyer or seller choose the closing attorney? Generally a seller will hire a real estate attorney once he or she has the offer to purchase on the table. A real estate attorney will help the seller negotiate the offer, so clearly buyer and seller would not use the same attorney.

Who is involved in the closing of a house sale?

Oct 30, 2013 · As a buyer you need to be aware that in some circumstances sellers will try to induce you to use their closing attorney. This happens often when buyers are purchasing a home from a builder. The builder or their lender will offer to pay a portion of your closing costs if you agree to use builder’s closing attorney. While saving money on closing costs is enticing, you …

Why do I need a closing attorney for an offer?

Sep 15, 2016 · When it comes to buying and selling property, a real estate attorney can either represent the buyer or the seller. One attorney cannot do both. And when the buyer needs to borrow money for a mortgage, the real estate attorney who does the closing doesn’t represent either the buyer or the seller, but rather the lender.

Do I need a lawyer for a Georgia real estate closing?

Nothing in the standard form requires the Seller or Buyer to use a particular closing attorney. There are a number of other sales contract forms in use, typically created by volume sellers such as developers, builders, and in recent years, relocation firms that purchase and re-sell homes on behalf of employers who are moving employees.

What is a settlement agent in Massachusetts?

Most homebuyers that purchase a home in Massachusetts obtain a mortgage loan from a lender. The person/company that handles the closing (transfer of title) for the lender is known as the settlement agent. In Massachusetts, the practice of closing transactions for buyers and sellers when there is a home loan is considered the practice of law; therefore, the settlement agent for any real estate closing involving a lender must be conducted by a licensed attorney. That settlement agent is often called the “closing attorney.” If you're moving to Massachusetts, this part of the closing process may be different than the state you're moving from.

Who is involved in closing a real estate transaction?

In most real estate transactions, there are a lot of parties involved – sellers, buyers, listing agents, buyer agents, loan officers, processors, underwriters, home inspectors, appraisers, insurance agents … and then attorneys. Assuming the seller and buyer each have separate legal representation, then the closing attorney not only has ...

What is a closing attorney in Massachusetts?

That settlement agent is often called the “closing attorney.”. If you're moving to Massachusetts, this part of the closing process may be different than the state you're moving from. The legal fees for the closing attorney is one of several closing costs a homebuyer is responsible for paying at closing. That closing attorney represents the lender, ...

What do closing attorneys do?

Closing attorneys provide a myriad of services before, during and after a closing. Among other duties, they review and certify title, review/prepare/record the deed, obtain and payoff existing mortgages, order and payoff municipal bills and prorated taxes, collect smoke/CO detector certificates, prepare all the documents to be signed at closing , including seller certificates and declarations, and track mortgage discharges.

What is a note in a mortgage?

The note is a contract for the homebuyer/borrower to repay the loan based on the legal terms of the note. And the mortgage is a security instrument that a borrower gives to the lender allowing it to foreclose on the property, if the covenants and agreements in the note and mortgage are not met. The reason why a buyer has to pay for ...