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Real Estate Attorney

A real estate attorney protects the best interest of the client in a real estate transaction. The Real Estate Settlement Procedures Act establishes the guidelines by which all parties to a real estate transaction must abide by. This federal law serves to protect borrowers from unethical business dealings in addition to curtailing predatory lending practices.

Unsuspecting borrowers are not, nor should they be expected to be experts in real estate contractual law, mortgage financing or settlement procedures. Having a real estate attorney review your real estate documents before you sign a contract could save you time, money and aggravation down the line.

The Real Estate Settlement Procedures Act establishes the guidelines by which all parties to a real estate transaction must abide by. This federal law serves to protect borrowers from unethical business dealings in addition to curtailing predatory lending practices. There are common occurrences of RESPA violations which borrowers should be aware of:

A Real Estate Attorney protects you from:

Not receiving required disclosures in the allotted time established by RESPA
Increased settlement cost practices
Unlawful commission charges
Unenforceable contracts

Far too often, without a real estate attorney reviewing documents prior to a closing, many homeowners have committed themselves to terms other than what they thought they were receiving! Be safe and consult with a local real estate attorney before you sign any documents!

Read about other Real Estate Interest such as: Real Estate Investment, Home Price Check and Real Estate Listing

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