Real estate transactions entail many legally significant issues, involving buyers, sellers, real estate agents, title insurance companies, lenders, appraisers, surveyors, home inspectors, termite companies and more.
More often than not, the interests of the various parties involved in a real estate transaction are not in line, which can lead to conflicts and even litigation.
Only an Attorney Can Give Legal Advice During a Real Estate Transaction
Please be aware that under Virginia Law, title companies, also known as “lay settlement companies,” may only provide services of a clerical or ministerial nature. Title companies may not express any opinion as to the legal consequences of any of the documents its customers sign at closing.
Only an attorney may prepare legal documents for another party, and only an attorney can advise the parties of a real estate transaction on the legal implications of the many documents presented at closing, such as the deed, promissory note and deed of trust.
The attorneys with Thompson Law Group, PLLC have over 10 years of experience in real estate transactions and have assisted clients in thousands of real estate closings.
Real Estate Litigation
We also handle litigation matters regarding real estate, including breach of contract suits, partition suits, landlord and tenant disputes, clouds on title matters, boundary line disputes, mechanic’s lien suits, judgment creditor suits to enforce judgment liens and more. Additionally, we act as the trustee in regard to foreclosures on behalf of note holders.
Consult Thompson Law
Thompson Law Group, PLLC encourages you to consult a Virginia Beach attorney before entering into a real estate transaction. It’s much less time consuming to avoid legal problems in real estate matters than to fix them.
It’s important to note that attorney closings are not necessarily more expensive than title company closings. Feel free to contact us for a free quote and comparison. Contact us online, or give us a call at 757-486-3333.