REAL ESTATE LAW

Real estate law can be confusing. Legal terminology, specific rules, and regulations can be hard to understand, especially if you are new to real estate law.

If you are trying to navigate real estate transactions of any kind, you may feel frustrated, confused, and overwhelmed – especially when dealing with real estate agents, mortgage brokers, tax assessors, and appraisers. Even a “simple” real estate transaction can feel like a full-time job.

Without someone familiar with real estate law advocating for your interests, you may very well end up making costly errors and paying more than you should. You could also leave yourself vulnerable to loopholes in your purchase or lease agreement that could cost you later down the line. Don’t put yourself through that kind of frustration.

You need a level of clarity to understand the intricacies of real estate law, which is why you should consult with and hire an experienced real estate attorney. This is where Attorney Vance E. Hendrix can help.

How Vance E. Hendrix Can Help in Real Estate Matters

Vance E. Hendrix can guide you through every step of your real estate transaction. He prepares necessary documents, such as deeds, purchasing contracts, and lease agreements, and ensures they are filed appropriately and on time. He will also work with your realtor, broker, or lender on your behalf to ensure the process is a smooth one.

Furthermore, Mr. Hendrix can help you buy or sell your home, sort through title issues, and advise on the enforcement of legal contracts.

Mr. Hendrix will ensure your interests are protected and that you’re getting the most out of the transaction you’re working to complete. He will help you negotiate documents, resolve disputes, and give you thoughtful, practical legal advice based on years of legal experience.

Real Estate Transactions

In the world of real estate, several kinds of transactions require different kinds of paperwork. The types of common real estate transactions and necessary documentation that Attorney Hendrix can help you with include but are not limited to:

• Deeds – A deed is required to convey or transfer property (with some exceptions). The deed shows who has conveyed the property (Grantor) and who has received the property (Grantee) – this is the legal owner of the property. Importantly, the deed must also include a proper legal description of the property in order to be effective.
• Purchasing contracts – While a deed establishes ownership of a property, a purchasing contract lays out the terms of the purchase of the property, including Purchase price, legal description of the property, terms of payment, whether a survey is required, whether a title company will be utilized, and may other terms.
• Promissory notes – If a seller decides to “Seller finance” or “Owner finance”, a promissory note is needed to reflect the terms of the loan. If you are borrowing from a third party (bank, mortgage company, etc.), a promissory note is generated to reflect the terms of the loan such as the amount of the loan (amount owed), the payment schedule (monthly, annually, etc.), the interest rate on the loan, and the maturity date (date the loan must be paid off).
• Deeds of trust – A deed of trust is an important legal that establishes the rights of the parties to a transaction where a lender is involved. This document provides the lender with a security interest in the property being sold or purchased and outlines the rights of the borrower and the lender.

Knowing the difference between these documents and their importance in real estate transactions can help you understand what kind of real estate transaction you’re dealing with and when the assistance of a skilled lawyer will come in handy.

If you’re looking for peace of mind and the confidence that comes with knowing that your interests are the priority, call 903-944-7800 or fill out our online form to set up a consultation today.

Disclaimer: The information on this page is not a replacement for actual legal advice and should not be taken as such. If you need legal advice, please give us a call at 903-944-7800 or fill out our online form. Vance E. Hendrix is here to help you with your case.