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The normal settlement procedure in your locality has a lot to do with
how Real Estate transactions are closed in your area. In some areas, virtually all closings (or settlement or escrow)
are handled by Attorneys. In other areas, Title Insurance Companies or Settlement Companies handle the bulk of
the closings. In still other areas, it is a combination of both.
In the case of selling a home, it is likely that an Attorney will be involved in doing at least the following for
the seller:
- Drawing up the deed.
- Reviewing the documentation (contracts, agreements, etc.) as it relates
to the seller's interests.
- Coordinating with the buyer's closing agent in order to have a smooth
closing.
In choosing an Attorney to handle your side of the transaction, it is important that any potential Attorney handles
Real Estate transactions on a regular basis. Regulations are constantly changing, and your personal Attorney may
or may not be up to date on the changes. Attorneys who concentrate on Real Estate matter are obviously the best
equipped to handle closings and escrow.
If you are selling your house through an Agent, they probably can suggest several choices for you. Or, you can
ask family, friends or co-workers to refer you to Attorneys with whom they have had good success.
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