When buying or selling a home in North Carolina, clients are often surprised to learn that a licensed attorney is involved in the closing process.If you're moving from another state, you may have worked with a title company or escrow company in the past and wonder why North Carolina does things differently. More Than a Signature at the Closing TableMany people assume the attorney's job is simply to Read More
What ALTA’s New Identity Verification Standards Mean for North Carolina Real Estate Closings
For North Carolina real estate attorneys, title professionals, lenders, Realtors, buyers, and sellers, ALTA's updated Best Practices are more than an industry recommendation. They represent a significant shift toward stronger fraud prevention measures at a time when impersonation schemes are becoming increasingly sophisticated.Because North Carolina is an attorney-closing state, closing attorneys already serve as Read More
Looking for a Title or Escrow Company in North Carolina? What You Really Need Is a Real Estate Attorney
If you're buying, selling, or refinancing property in North Carolina and you're relocating from another state, one of the first things you may search for is a "title company" or "escrow company."That makes perfect sense. In many states, title companies handle real estate closings, manage escrow funds, prepare documents, and oversee the transaction from contract to closing.However, North Carolina is Read More
The Case for North Carolina Realtors Utilizing Seller Side Attorneys for Client Closings
Client Confidence and Satisfaction:Recommending a seller side attorney shows a commitment to providing support and protection for your clients. Having control over your client’s experience by providing a trusted attorney you know and trust increase the odds a smooth experience. By teaming up with a trusted attorney seller agents instill confidence in their clients and ensures exceptional service. The peace of mind Read More
Protection from Deed Fraud
The crooks are everywhere. You may not have heard of “Deed Fraud,” but it has become a real problem in some areas of the United States. There are several ways in which a crafty criminal can steal the deed to your property. Since the scam takes some time to put together, the scammers often target vacant homes. The vacant property could be empty for a variety of reasons: (1) the owner is now deceased; (2) it could be a Read More
Was your offer to purchase and contract terminated? Need assistance with recovering the earnest money deposit?
When you enter into an offer to purchase and contract for real property, you typically agree on a due diligence fee and an earnest money deposit. The due diligence period is when the buyer pays an agreed-upon amount to then gather information about the property and determine if the property they have contracted to buy is the right property and purchase for them. The earnest money deposit is an agreed-upon amount of Read More
Who Pays the Taxes in North Carolina Real Estate Closing?
If you are buying or selling a home in North Carolina, you may wonder who pays the taxes at the closing table. Taxes are one of the closing costs that both buyers and sellers have to pay to finalize the transaction. However, not all taxes are the same, and not all taxes are paid by the same party. In this blog post, we will explain the different types of taxes involved in a North Carolina real estate closing, and who Read More
Have you ever wondered about your property’s history?
Have you ever wondered about your property’s history? Not just the title search information from when you bought it, but going way, way back, as far as you can go? It has always fascinated me to imagine who was here before us; did anything historically important happen, or was it just a plot of ground occasionally tread over by ancient hunter-gatherers making their way to somewhere else? My maternal grandfather grew Read More
The Closing Process for Residential Property
6 Tips for Realtors to Provide their Clients with an Easy Attorney Experience
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