James Vani - The Work of a Real Estate Attorney

1. James Vani - The Work of a Real Estate Attorney You are selling a home, buying a home or your home is in foreclosure. You have been told by everyone that you need to hire a real estate attorney. What do these kinds of lawyers do? A real estate attorney handles all of the paperwork that is involved in transactions and litigation that clients are involved in. These lawyers work with everything that has to do with property law. They document and review all purchases, inspections, leases and appraisals. Whenever a title insurance issue or an environmental problem rears its head, they are able to resolve it. Sometimes transactions relating to buying and selling homes go wrong. If a lawsuit needs to be filed and a court case developed, this legal professional is there to see it through to the end. It is also common for a real estate attorney to assist lenders in carrying out foreclosures. On the other hand, you can also hire this type of individual to help defend you against foreclosure if it threatens you.

2. Drafting Documents Document drafting is an important job of the real estate attorney. Deeds must be prepared for leases, rental agreements, conveyance transactions, financing agreements, and purchase contracts. Agents are permitted by law to help their clients in filling out these sorts of documents, but only licensed lawyers have the ability to draft and revise the documents. Lawyers who work in this area of the law have plenty of experience with many different types of transactions as they relate to property law. For this reason, clients often turn to their legal counsel to help them to negotiate the terms and the conditions of the deals that they wish to make. Reviewing Transactions Transaction review is another duty performed by a real estate attorney. Sometimes a legal professional will be asked to review a transaction and offer advice in regards to it. The client will negotiate the deal on their own, and will then sign the contract and ask the lawyer to perform what is known as due diligence on it. The legal provider will look over the legal title issues, as well as the environmental issues, contracts, and any reports and documents connected to the transaction. These individuals have the specialized training necessary to spot problems or inconsistencies that those without the same training would not be able to spot. The client is prevented from falling into any legal traps by having the lawyer carefully examine all of the paperwork associated with the deal. Litigation Unfortunately, not every transaction in this area works out. When one does not, a lawsuit may ensue. A lawyer can be hired to represent a client who must become involved in litigation. They will then bargain with opposing counsel to try to work out a settlement, participate in the hearing, and if necessary, take part in the trial that may ensue.