Congratulations on your Upcoming Real Estate Transaction!
A fully executed contract is an important first step in the process towards purchasing real estate, and it will be our pleasure to be representing your legal interests in reference to this transaction. Quick and efficient communication is the key to a successful real estate transaction. You can contact your attorney at any time via text, email, or phone 24/7 with any questions pertaining to your transaction, including weekends and holidays. Your attorney will strive to respond to all of your inquiries immediately, and will generally respond to all inquiries within no later than 24 hours. Your attorney will review your contract, draft all required contract modifications, prepare any required contract addenda, and handle all formal legal correspondence on your behalf through closing. Please review the following guidelines and deadlines, as we work towards closing together.
Email Communications & Action Items
In the event any action items are required of you, you will be addressed directly in email by name so that we can work on these items together. You may be “blind copied” on other communications issued by this office wherein you are not addressed by name and will not need to respond, as these communications are for your informational purposes only. Please be careful when responding to emails which may include other parties. The best practice when sending email correspondence is to be sure that only your representatives are included in your emails.
Loan Application, Underwriting, and Loan Approval Deadlines
Your Mortgage Consultant will work with you to ensure that the Loan Application and Underwriting deadlines will be met as indicated in your contract. You can always obtain loan status updates directly from your Mortgage Consultant as you work together to satisfy any conditions raised for loan approval. In order to protect your Earnest Money Deposit, and in case your loan is not fully approved and “Clear to Close” by the Loan Contingency Date outlined in your contract, or any agreed extension dates, please be sure to notify this office, and your attorney will be happy to request routine extensions on your behalf.
Professional Inspection Deadline
Your realtor will assist you in scheduling a Professional Inspection on the property. After your inspection is complete, you will receive a Professional Inspection Report and a Required Repair List from your inspector and loan program. Please provide copies of these documents to this office within five (5) Business Days of the Acceptance Date on your contract (or 10 standard days for Indiana contracts). Your Professional Inspection will help to provide a safeguard against unforeseen issues or defects with the property, and your Attorney will address all Required Repairs directly with the Seller Attorney on your behalf. The Seller may offer repairs or credits. You can then address any remaining Required Repairs with the lender, either by way of waiver or rehab loan, as needed. If you anticipate the need to request repairs or credits for Non-Required Repair items (e.g. cosmetic defects, wish list items, etc.), please be sure to notify this office within five (5) Business Days of the Acceptance Date on your contract. Otherwise, your Attorney will address only the Required Repairs as disclosed above.
Your contract may stipulate that Buyer will order and pay for both the Owner and Lender Title Insurance Policies. Your lender program may pay for the required Lender Policy, and may pay all or part of the Owner Policy according to the terms of the program. Please be sure to clear this with your Mortgage Consultant, or contact this office if a modification is required, within five (5) Business Days of the Acceptance Date on your contract.
You can expect substantial Lender Credits through your loan program, often up to ten (10) times the amount of your Attorneys Fees, or more. You can confirm the amount of your projected Lender Credits with your Mortgage Consultant.
Your attorney will work to obtain your closing documents in advance of your scheduled closing appointment, and will thoroughly review all documents with you by phone prior to closing, if possible. Otherwise, your attorney will review all closing documents with you by phone during your closing appointment, and will be on call for you for the duration of your closing, as needed.
Based on your loan application program through a non-profit organization, this office will agree to waive our standard upfront retainer requirement for Attorneys Fees, in favor of accepting a one time Document Preparation Fee in the amount of $400, which will cover all legal document drafting services as we prepare for closing together. Your Attorney’s Closing Fee will be billed directly to the lender, pursuant to the terms of the loan program with your lender, therefore no further fees will be billed to you for legal services aside from the Document Preparation Fee referenced above.
In order to formalize the Attorney-Client relationship, please kindly make your payment of $400 using the button below, as we look forward to representing you.
Literally thousands of satisfied Buyers and Sellers in multiple counties.
“We would like to thank you and your staff for your representation during our business sale transaction, involving a complex sale of our corporate assets, and associated real estate. The transaction from listing to sale was completed well ahead of schedule, and your expertise, counseling, and professionalism served to push the deal along quickly. Very impressed, to say the least!”
“You have been a lifesaver. Your expertise and kindness during our closing helped to iron out what could have been a giant mess. Thanks a million!”
“Very knowledgable lawyer. A+. We got to the closing table in less than a month, and closed the entire transaction in under 30 minutes. Amazing attorney. Very grateful.”
“My parents are both Spanish speakers, and required a bilingual attorney. Not only did our attorney provide us with emails in Spanish every step of the way, he also made himself available by cell, even after hours and on the weekends. We are totally blown away by this lawyer. Will recommend to everyone we know. Gracias!”
“We sold our family home in a very contentious environment, everyone bickering, and no one was easy to please. You sat down with us on many occasions and helped to clear the air, and keep everyone satisfied. To add insult to injury, we had a very problematic buyer who nitpicked every last detail. The Buyer’s attorney was no help, and the deal was close to dying until our attorney worked his magic. Could not have closed without you. Thank you!!!”
“Great lawyer, great counselor, great person all around. We are very pleased with your services. You saved us thousands of dollars in value, just because you care. Thank you, thank you, thank you.”