Obtaining ownership of a property is not something that is done simply by signing documents. It is a process that requires that the property be registered in the name of the buyer in a deed registry office. Transfer can be defined as a legal process that oversees the legal transfer of ownership of real property. With each property that is sold, a new deed must be completed and registered, and a convention attorney or attorney guarantees certainty and security throughout the process.
Typically, a total of three trespass attorneys handle the property buying and selling process. There is the transfer attorney who handles the transfer from the seller to the buyer and therefore is appointed and represents the seller and then there is the attorney of record who records the surety on the property in favor of the financial institution that could finance the purchase of the property. The lawyer represents the buyer and the bank that has granted the loan and can therefore be appointed by the bank. The other attorney is the cancellation attorney who cancels any existing mortgage loan on behalf of the seller and is appointed and represents the bank in canceling the seller’s bond.
Homework
As a seller, you should definitely use the services of the carriers to ensure that the transfer process is fast and safe for all parties involved. When you get an attorney, you should expect that:
1. Protect your interests as a seller above any other consideration other than the legal issues required in the process.
2. Inform you of the procedure that will be followed and keep you informed of the progress of the transaction so that you are not left out in any way when selling the property.
3. Advise you on the offer of purchase content, especially when there are conditions that may have effects and, therefore, you must be attentive to
4. Advise the seller on the cancellation of the bond, notice periods, fines and any other administrative charges that could end up affecting the settlement figures that you probably expected.
5. Ask for their instructions before any collateral is issued during the transaction and commit to recording the transaction as close to the agreed date as possible at the purchase office.
6. Inform you of your obligations regarding the purchase offer so that you do not experience avoidable delays in handling the process.
7. Schedule meetings with you to review any documentation that needs to be explained so that you can agree and conclude the transaction successfully.
8. Carefully prepare the accommodation deeds so that the risks of rejection are kept low during documentation by the responsible deed office.
9. Give you information about the transfer and / or the exact day of registration.
10. Offer you an account of all finances that relate to the property sale transactions within days of registration.
It is good that you always ask your trucking attorney what services will be provided to you so that you can be sure that the property sale process will be handled professionally.