Many people wonder why they need a real estate attorney in Illinois. Let me briefly describe what we do in real estate transactions so that you can understand why you need a real estate attorney.
For the real estate purchaser, we review the Real Estate Sales Contract, the Title Report and other documents submitted by the seller used to the transfer of the property. We modify the terms of the contract to your benefit if possible and maintain deadlines. We review the closing statement, lender documents, and other related financial documents. We stay involved with the lender if you have one, determine compliance with all agreements between the parties, and ensure that all financial aspects of the purchase are reconciled at the time of closing. Finally, we attend the closing and review all of the documents with the purchaser.
For the real estate seller, we review the Seller’s Residential Disclosure Statement, the Lead Paint Disclosure Report, and the Real Estate Contract. Then we modify the terms of the contract if possible and maintain deadlines. We also prepare the seller’s closing documents, order the title insurance commitment, assist the seller in clearing the title, order the survey and mortgage payoff letter from the lender, and prepare the closing statement. Finally, we schedule and attend the closing, and review the documents with the seller, if the seller chooses to attend. We can save the seller a trip and attend the closing without the seller.
As you can tell, you need a real estate attorney in Illinois because there are many contract terms, deadlines, documents, and negotiations that should be addressed by a real estate professional, during your real estate transaction. Please call The Evans Williams Law Group to discuss how we can help you with your real estate needs.