Real Estate Closings

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 perfectly.

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 or encroachments.
  • 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.

Purchasing a Foreclosed Home

Compared to other states, Florida has one of the highest foreclosure rates. An estimated 1 out of every 662 housing units receive a foreclosure filing, compared to the national rate of 1 out of every 1,268. As a result, foreclosure sales have been a large part of the market, expanding the possibility for sellers and buyers to obtain a great result, particularly in Jacksonville.

You may acquire a foreclosed property in one of the following ways.

1. Entering into a PASA with the Seller

For example, a seller may be quite far into the foreclosure process with the lender or mortgage holder, but they may still enter into a PASA with you in an effort to avoid a Final Judgement of Foreclosure. Timing is everything, however, and we can assist you with every step of the foreclosure and sale process. We can negotiate with the lender, work with the lender’s attorney, file necessary documents with the Court, and create and implement a timeline that works in the best interest of all parties.

2. Via Public Auction

This is slightly different from the above example because, by the time the property reaches a public auction, there has already been an entry of a Final Judgment of Foreclosure. While obtaining a foreclosed property via public auction can yield a great deal, it can also come with legal challenges that we are fully prepared to help you navigate.

3. Buying the Property Directly from the Bank

The bank from which you purchase the property is typically the lender of the previous owner. Unlike in other types of sales, the bank will make no guarantees or warranties as to the condition of the property or title. An inspection and a title search are investments worth making prior to the purchase of a foreclosed home from the bank. If issues come to light after the title search (such as a tax lien), we can help you resolve these problems with efficiency and care.

Call (904) 478-9255 or contact Edwards & Edwards, P.A. online for the exemplary level of assistance you need.

50+ Years’ Experience on Your Side

Real estate matters are highly complex and riddled with legal obstacles. Our team at Edwards & Edwards, P.A. can minimize and even eliminate the risks while maximizing the benefits of your transaction. We are fully equipped to develop the strategy you need because we have extensive experience in a wide array of practice areas, which allows us to consider all potential legal and financial ramifications of your decisions.

Ready to experience the high-quality support you deserve? Call (904) 478-9255 or contact us online today.

The Sisters-at-Law are On Your Side

What Sets Us Apart
  • Over 50 Years of Combined Experience
  • Wide Range of Legal Services Available
  • Responsive to Client Communication
  • Sister-Owned Firm, Entirely Run by Women
  • Flexible Payment Plans Available
  • Habla Español

What Our Clients are Saying

  • Amanda Edwards was superb in court and kept the proceedings within the rule of law.

    “The entire proceeding was explained in non-legalese which made it easy to understand. Without reservation, I highly recommend her and her firm for any legal action you may need.”

    - Darrell Radford
  • Thanks, Melissa.

    “I am very happy with the services of Edwards & Edwards and my attorney Mrs. Walker.”

    - Sayed Hashimi
  • Always do a great job.

    “Very diligent and attentive in any of the legal needs that I or my company have had.”

    - Lucas Kuchler
  • Amanda Edward's is an excellent attorney.

    “Fully explained what to expect prior to the hearing. Kept the hearing within the tiles of law. Very thankful and highly recommended.”

    - Barbara R.
  • Professional and straightforward.

    “Amanda Edwards is professional and straight forward with you about your case. Would highly recommend her to anyone that needs assistance.”

    - Suzy McGuffin Smith

Results That Speak for Themselves

  • Stay of Foreclosure & Home Retained Foreclosure Defense and Bankruptcy

    The client was retained for foreclosure defense, but after initiating bankruptcy proceedings, foreclosure was stayed and the client was allowed to reorganize their finances and keep their home.

  • Criminal Record Expunged & Custody Agreement Revised

    While retained for a custody matter, the client's criminal record was expunged, allowing for revisions to his custody agreement.

  • Accomplished Probate, Assisted Asset Liquidation Probate & Asset Liquidation

    An out-of-state client had a death in the family. Probate and liquidation of the estate were required.

  • Accomplished Probate, Assisted Asset Liquidation Probate & Asset Liquidation

    Edwards & Edwards handled the probate and liquidation of real estate holdings on behalf of an incarcerated client.

  • Handled All Legal Matters for Family Divorce, Business Partnership Agreement, Probate, & Trust

    Handled various legal matters for one family, including divorce, revision of their business partnership agreement, probate, trusts, and title and closing of multiple residences and assets.

Don't Wait to Receive the Help You need We're Prepared to Help You with All of Your Legal Needs

Don't know where to start when facing a legal matter? Our experienced team of lawyers led by the Edwards sisters is here to assist you. Schedule a consultation with us to discuss your case.

Contact Us Today!