When you purchase a home, you want a team of professionals around you. That team of professionals should include a mortgage lawyer who will help you with the closing process.
1: A Focus on Real Estate
The law field is wide and diverse, with many different types of law that one could focus on. When looking for an attorney to help with the purchase of your home, you are going to want someone who specializes in real estate, home sales, and mortgages.
This type of attorney is someone who spends their days working on real estate related law matters. They have lots of experience with the process of buying and selling homes from a legal standpoint, and they understand the intricacies of local real estate laws and mortgage rules.
2: Good Recommendations
Second, try to find a real estate attorney with good recommendations. Ask any family or friends who have sold a home recently who their legal professional was and what their experience was like. You may be able to find some reviews online, but word-of-mouth recommendations in this situation may be easier to come by.
When it comes to looking for reviews, look at online legal review sites. You can also reach out to the state bar association website in order to find lawyers who practice real estate law in your area.
3: Clear Rates
Third, you are going to want to work with an attorney who has clear rates. When it comes to real estate transactions, you may have to pay a fixed hourly rate. However, many real estate attorneys charge a flat fee for specific services that may be dependent on the sale price of the home that you purchase. Make sure you know what you will be charged before you hire an attorney to assist you with the process.
4: Good Interview
Finally, before you hire an attorney, you should have a consultation or phone interview with them. During this time, you should ask how many years of experience they have and what type of real estate law they focus on. Find out how many closing and mortgage reviews they do per month. Ask them to explain how they review the documents in order to ensure your best interests are protected.
When it comes to closing on a home, you are going to want to have more than a real estate agent on your side; you are also going to want to have an attorney who will review all legal documents, from the mortgage to the purchasing agreement, and make sure your best interests are protected.
Contact a mortgage lawyer for more information.