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Buying or selling property is a significant financial transaction, and closing is the final step that makes it official. At this stage, ownership changes hands, contracts are signed, and funds are distributed. Every detail matters, from verifying the title to ensuring all legal requirements are met. Even minor mistakes can cause delays or legal complications. In Massachusetts, an attorney must oversee the closing process to protect your interests and ensure compliance with state law. With the right legal guidance, you can complete your closing with confidence and move forward without unnecessary stress or surprises.
What Happens at a Real Estate Closing?
Closing is the final step in a real estate transaction, where ownership officially transfers from the seller to the buyer. It involves signing legal documents, handling financial transactions, and recording the deed with the county. While every closing is slightly different, certain steps must happen before and on closing day.
Before closing, several important tasks must be completed:
- Title search: This ensures the seller has the legal right to transfer the property. Any outstanding liens or disputes must be resolved before closing.
- Document review: Loan agreements, closing disclosures, and other paperwork are checked to confirm accuracy and compliance with the contract.
- Final preparations: The buyer secures financing, and both parties ensure all required documents are ready for signing.
On closing day, the following steps take place:
- The buyer and seller sign all necessary paperwork, including the deed, mortgage documents, and financial disclosures.
- The buyer provides the required funds, such as the down payment and closing costs.
- The lender releases mortgage funds, and payments are distributed to the appropriate parties.
- The deed is recorded with the county, making the sale official.
While some closings go smoothly, unexpected issues—such as paperwork errors, last-minute financial complications, or title problems—can delay the process. Legal representation helps ensure all details are handled properly, preventing unnecessary delays and disputes.
Why You Need a Closing Attorney
Massachusetts law requires an attorney to oversee real estate closings, but beyond legal requirements, having a closing attorney protects your interests. Buying or selling property involves complex financial and legal agreements. An attorney ensures that all documents are accurate, fair, and legally sound before you sign them.
A closing attorney’s role includes:
- Reviewing the purchase agreement to confirm its terms are correct and fair.
- Conducting a title search to check for liens, ownership disputes, or unpaid taxes.
- Resolving title issues before closing to prevent future legal problems.
- Preparing and reviewing all closing documents, including the deed and mortgage agreements.
- Managing the financial aspects of closing, ensuring funds are properly distributed.
Without an attorney, buyers and sellers may unknowingly sign documents that contain errors or unfair terms. Title problems could go unnoticed, leading to disputes after closing. A closing attorney ensures that your transaction is legally sound and that your rights are protected.
How We Help You During the Closing Process
At LaFountain & Wollman, P.C., we work closely with buyers and sellers to make the closing process as smooth and efficient as possible. Whether you’re purchasing your first home or selling an investment property, we make sure every detail is handled correctly.
Our role includes reviewing contracts, identifying and resolving potential legal issues, and ensuring all financial transactions are correctly processed. If title issues arise, we take the necessary steps to address them before they create complications. We also explain the legal documents you’re signing so you fully understand your rights and obligations.
Real estate transactions involve large sums of money and long-term commitments. Mistakes can lead to costly legal disputes or unexpected financial burdens. Our firm works to prevent these problems, providing clear guidance and legal protection throughout the process.
Get Legal Support for a Smooth Real Estate Closing
Closing on a home or commercial property is more than a routine transaction—it’s a legal process that finalizes one of the biggest financial decisions you’ll ever make. An attorney ensures your rights are protected, the terms are fair, and the transaction is legally binding. Without legal representation, you risk signing agreements that could lead to disputes, financial losses, or ownership complications down the road.
At LaFountain & Wollman, P.C., we provide the legal support you need for a seamless closing. Whether you’re buying or selling, we will handle the details so you can move forward with confidence. Contact us today to schedule a consultation and learn how we can assist with your real estate closing.