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What Your Lawyer Should Do For You When You Take Out a Home Mortgage

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By : Leticia Carvalho    99 or more times read
When you talk with your lawyer about a home mortgage, your lawyer should be able to explain the processes undertaken to complete a home loan mortgage. He should be able to describe the specific activities that he is going to accomplish and the fees charged for certain activities.

Nevertheless, some lawyers have fixed fees for the whole package of tackling a conventional home mortgage. Just make sure that there are no additional processes included that are not needed in the mortgage transaction.

Among particular processes that a lawyer does to complete a home mortgage are the following:

  • Evaluation of the agreement of house purchase and sale
  • Investigation of the title, with focus on the description
  • Provision of advice on tax laws and application
  • Investigation of realty tax arrears and other statutory liens
  • Removal of all liens before title transfer
  • Arrangement for title insurance in case it is necessary
  • Review of the statement of adjustments
  • Examination of by-laws, zoning laws and other laws related to the occupation of the property
  • Provision of advice on zoning, title, documentation and the occupancy agreement.
  • Search for deed executions related to the title
  • Provision of relevant home mortgage information

The processes described above are only for basic home mortgage agreements and do not include second home mortgage, home mortgage refinance or home mortgage financing.

It is also assumed that you have done your homework in finding the best lawyer for your needs or you already have a lawyer who has been working with you in other aspects of your life. Make sure that he is also experienced in real estate transactions.

If you do not have a previous working relationship with your lawyer, make sure that he is forthright with his fees and what he is going to do. It is also assumed that you have compared legal fees and corresponding home mortgage services before you choose your lawyer.
Leticia Carvalho has been educated in the finer points of the foreclosure market over 5 years.

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