BUYERS
The role of the Buyer's attorney is similar to that of the Lender's attorney in that both are concerned with obtaining a clear and marketable title for their client. The Buyer's attorney has the addition responsibility of handling
the negotiations with the Seller and the Seller's attorney. The Buyer's attorney negotiates the Purchase and Sale agreement on behalf of the Buyer and advises the Buyer as to what documents will be needed for closing and reviews the terms of the Buyer's loan with them.
Specifically, the Buyer's attorney:
- Reviews the offer and purchase and sale agreement and negotiates changes related to inspection issues with Seller's attorney
- Discusses options for how to hold title with client Discusses terms, conditions, and contract dates with the Buyer's Lender to ensure that deadlines and conditions are satisfied
- Reviews the HUD settlement statement prepared by the Lender's attorney to ensure closing costs and adjustments between the Buyer and the Seller are correct
- Attends closing with the Buyer's and reviews all paperwork including mortgage, note, and other documents with Buyer
Items Needed at Closing
You will want to have these items complete or in hand when you come to the closing (please confirm with your escrow officer, as practices vary by state):
- Cashier's check(s) to make all payments
- Proof of purchase of insurance for fire, casualty, etc.
- Photo identification (passport, driver's license, or state-issued identification card)