|REAL ESTATE – RESIDENTIAL AND COMMERCIAL CLOSINGS|
Purchasing any piece of real estate can be a huge investment. In order to protect your investment, you should always have an attorney review the contract and title to the property.
A contract to enter into a real estate purchase is a binding legal document that sets out the obligations of the parties to the sale. After the contract is signed, an attorney should review the title to the property by conducting a title examination in order to reveal any outstanding liens of other matters which may affect the title to the property. You should have the title examined before you buy the property. You don’t want to find out you have a title problem after you’ve already bought it and you are trying to sell it. All real estate purchase closings in North Carolina need to be handled by a North Carolina Attorney.
Sometimes it may be a tax benefit to you to do what is called a 1099 Exchange. This refers to a section of tax law which allows you to defer taxes on certain properties. You should consult with an attorney and your tax professional to determine what is best for you.
The attorneys at Hall & Hall Attorneys at Law, PC have worked with both commercial and residential buyers from all across the country. We have worked with many different banks, realtors, and mortgage brokers. We have closed millions of dollars worth of transactions. You deserve the experience of Hall & Hall Attorneys at Law, PC behind you before you make an important investment in real estate.
Probate is the process by which the property of a deceased person is passed on to the heirs after the payment to creditors. In addition to the pain and grief associated with losing a loved one, the personal representative must begin the process of probate and weave through a intricate web of law to probate the assets of the Estate. Sometimes people die without a will, and the heirs must settle the Estate. If you are named as a personal representative in a will or an heir of someone who died without a will, contact Hall& Hall Attorneys at Law, PC and let them assist you in the administration of the Estate.