Real Estate Closings Attorneys in Jacksonville
If you are getting ready to close on a new home or business office, contact
our team at
Edwards and Edwards P.A. Our Jacksonville real estate attorneys (one of whom is a licensed real
estate agent) are here to make sure every step of your closing goes through
With 50+ years of legal experience, we can provide all the following and more:
Contract negotiations – advancing your best interests in residential and commercial closings
Buyer/seller representation – providing counsel and advocacy backed by extensive knowledge of
all sides of a real estate transaction
Closing and title services – resolving title issues, defects, and liens in-house, and conducting
offsite closings as needed
Foreclosure and short sale assistance – obtaining the best outcome for those currently facing foreclosure
or participating in a short sale as a buyer or seller
Client-focused accommodations – providing services outside normal business hours and offering
fair, competitive pricing
From completing the paperwork to conducting the final inspections, our
legal team works hard to provide you with the information you need, steer
you away from potential pitfalls, and help you make the best possible
legal and financial decisions.
If you are preparing for a commercial or residential real estate closing,
contact us online or call
(904) 478-9255 today! We look forward to working with you.
The Real Estate Closing Process
The purchase or sale of a home is often one of the largest transactions
an individual or family will make in their lifetime. Regardless of the
whether the property is the first home for a family or an investment property,
a substantial amount of money is being moved around. As such, it is important
that the closing process is handled by a competent team that works hard
to take all the appropriate steps to protect your investment.
All real estate transactions require a “closing,” which is
a transaction that transfers ownership from the seller to the buyer on
an agreed upon date. However, most of the work involved in a closing is
done before the actual transaction.
Here are some of the most critical steps that lead to the closing:
- The closing attorney/title agent must perform a title search to determine
whether the title is marketable and therefore insurable.
- A lien search is performed to determine if there are any existing liens
against the property that must be cleared prior to transferring ownership.
- A survey determines whether there are any issues with the boundary lines
- Estoppel letters and requests are sent to Homeowner’s Associations
and Mortgage lenders to 1) determine if there are any outstanding HOA
assessments and 2) determine the payoff amount(s) for any existing mortgage(s).
- The attorney drafts a settlement statement (or closing disclosure, known
as a “CD”) that reflects all costs and fees associated with
the subject property.
After all the parties have fulfilled their responsibilities per the Purchase
and Sale Agreement (PASA), the parties may proceed to closing. The buyer
brings the requisite money to be distributed to the seller after all other
liabilities and encumbrances have been satisfied.
After the deed has been signed and checks have been cut, we will need to
record all necessary documents in the appropriate county Land Records
Department: the deed, mortgage, satisfactions, and affidavits. Additionally,
we must draft and issue a Title Insurance Policy to the new owner (and
the lender, if the purchase was financed).
Due to the vast amount of work and complex series of steps involved in
any closing, retaining the services of a competent and efficient team
of attorneys is critical to your success. If you would like to close your
transaction with confidence and peace of mind, allow Edwards & Edwards,
P.A. to support you during this process.