Real Estate

Below is a list of Real Estate issues we can help you with:

  • Preparation of Closing Documents
  • Facilitating the Closing Process
  • Real Estate Closings
  • Title Searches
  • Title Reviews
  • Preliminary & Final Title Opinions
  • Procuring Title Insurance
  • Coordinating Mortgage Payoffs
  • Coordination and Negotiation with Mortgage Broker & Realtor
  • Coordinating Vendor Payments
  • Resolving Boundary and Title Issues
  • Preparing Easements
  • Coordinating Section 1031 Exchanges
  • Preparing and reviewing contracts:Seller Subordination Agreements
  • Deeds
  • Deeds of Trust
  • Promissory Notes
  • Owner Financing and Mortgage Agreements
  • Easements & Rights of Way
  • Road Maintenance Agreements
  • Seller Foreclosure Actions
  • Real Estate Litigation

The Real Estate Closing

The closing is the meeting between the buyer and the seller, at which time all remaining documents relating to the sale are signed. The deed to the house is transferred from the seller to the buyer. Title insurance is paid, the mortgage papers are signed by the buyer, and possible transfer taxes are paid to the state. In addition, the buyer will pay the seller for any miscellaneous expenses, such as appliances or furniture that had been previously agreed upon, the remaining oil in the oil tank, or any real estate taxes that the seller had prepaid. There is a written statement of charges to be approved by both parties and there is title insurance covering the deed and any loan. In North Carolina, real estate closings are required to be conducted by an attorney.

Leases & Contracts: Review, Preparation & Negotiation

The contract is a legally binding document spelling out the key issues of the purchase and sale, such as: (1) the exact property being sold (boundaries, dwellings etc.); (2) the purchase price; (3) any mortgage contingencies; (4) the proposed closing date; (5) the names of the parties.  It also spells out what items the seller agrees to leave in the house. Both parties must sign the contract in order for it to be legally binding.

§1031 Tax-Deferred Exchange Planning & Facilitation

Carolina 1031 Exchange, LLC serves as a Qualified Intermediary and Exchange Accommodation Titleholder for Section 1031 like-kind tax-deferred exchanges.  Carolina 1031 Exchange, LLC, is an independent company owned by Mary Hart to provide the best and most appropriate services to clients involved in real estate like-property exchanges that provide tax deferred benefits.

Real Estate Resources & Links

Helpful links coming soon!