Real Estate Closing and Deed Preparation
A real estate closing is the final step in the home buying process. It is the meeting where the buyer and seller exchange money and documents, and the deed is transferred. The closing is typically held at a title company or attorney's office.
At the closing, the buyer will need to bring a cashier's check for the purchase price of the home. The seller will need to bring the deed to the property, as well as any other documents that are required by the lender.
The closing agent will review all of the documents and make sure that everything is in order. Once everything is approved, the buyer and seller will sign the documents and the deed will be transferred.
The closing agent will then record the deed with the county clerk's office. Once the deed is recorded, the buyer will be the legal owner of the property.
Deed Preparation
A deed is a legal document that transfers ownership of property from one person to another. In Kentucky, deeds must be in writing and signed by the seller. The deed must also be notarized.
The deed must include the following information:
The names of the buyer and seller
The legal description of the property
The purchase price
The date of the sale
The signatures of the buyer and seller
The deed must be recorded with the county clerk's office in the county where the property is located. Once the deed is recorded, the buyer will be the legal owner of the property.
It is important to have an attorney review the deed before it is signed. An attorney can help you make sure that the deed is in your best interest and that it meets all of the legal requirements.
Disclaimer: The information provided in this blog post is for informational purposes only and does not constitute legal advice. You should not rely on this information without first consulting with an attorney. The formation of an attorney-client relationship requires a mutual agreement between an attorney and a client. This blog post does not create an attorney-client relationship between you and the author.