In Connecticut, real estate laws define the process of buying and selling a home. They also apply to the transfer of ownership for estate owners. Within the laws are provisions for managing any disputes between neighboring property owners as well. A Real Estate Lawyer in Manchester CT manages cases related to these concepts.
Managing Real Estate Transactions
The attorney must assess all documents associated with the real estate transaction. This includes the terms of the sales contract, mortgage contract, and the transfer of the deed to the new owner. They assess wire transfers sent to the seller’s bank account via the buyer’s lender. The attorney manages the closing process to ensure that all real estate laws are followed.
Settle Property Disputes
Any property dispute that arises is managed by a real estate attorney. This could include disputes about property lines or structures that either party wishes to build. In some cases, it could apply to a tree or other item that flows through both properties. The attorney must take measures to identify the property lines and define which party has legal rights.
Title Searches and Title Insurance Options
A title search is conducted as a part of a real estate transaction. The attorney reviews all transfers of ownership of the property. The search includes any transactions or transfers that occurred in the last thirty years. The search itself defines whether or not the seller has the legal right to sell the property. In addition, the attorney provides title insurance. This provides a refund for the buyer if the seller cannot fulfill their obligations as defined in the sales contract.
Earlier Transfers of Real Property from an Estate
An estate owner utilizes an attorney to transfer ownership of real property. An attorney must manage this process thoroughly. They must ensure that any property taxes that apply are collected from the new owner.
In Connecticut, real estate laws outline all regulations related to real properties. This includes selling or buying the property. The laws also apply whenever a dispute is filed between neighbors. Any property owner or potential buyer who needs to speak with a Real Estate Lawyer in Manchester CT can contact Kahan, Kerensky and Capossela, LLP today.