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| Joseph T. Kirkland, Jr. is an Attorney and Senior Underwriting Counsel with CloseTRAK and current 2019 President of the Memphis Investors Group. |
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An attorney, and their staff, may provide one, or typically several of the following services, along
with many additional services:
· Provide advice concerning contract drafting.
· Give advice on the legal implications of the contract and other documents.
· Assist in negotiation for the purchase or sale where required.
· Obtain and examine title evidence to assure good title to the property.
· Order and review of a property survey.
· Request payoff statements for any encumbrances.
· Obtain or review a commitment for a title insurance policy.
· Coordinate the closing with other professionals in the transaction.
· Prepare a statement of closing costs including proration of taxes, etc.
· Prepare and review loan documents.
· Prepare or review deeds transferring the property.
· Close the transaction and explain the documents involved in the closing.
· Collect and disburse the funds required for closing.
· Obtain releases of the Deed(s) of Trust and other encumbrances affecting the property.
· Manage recording of the Deed, Deed of Trust and other documents.
· See to the issuance of title insurance.
· Follow up on post closing matters.
In a commercial transaction, many additional services may be included.