2338 Hollywood Blvd. Hollywood, Florida 33020
Phone: 954-921-1517     Fax: 954-921-0490



  
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Residential Real Estate      
                                                                                

The purchase or sale of a house or condominium is a time of great excitement. However, it is also is a time that is loaded with numerous legal issues. The attorneys of Khani & Auerbach are available to prepare the Purchase and Sale Agreement and provide high quality service throughout the entire process through completion of the transaction. 

We work closely with realtors, mortgage brokers, surveyors and all of the other parties related to the transaction to ensure that the closing process moves efficiently and smoothly. 

The Contract

The real estate contract is a minefield of legal terminology that is very confusing. Having a real estate lawyer on your team before signing the contract ensures that you are legally protected and most importantly, that you understand your rights and obligations.

Title Insurance

With all the hoops you have to jump through to buy a home, you'd think that would be enough to prove your home is indeed your home. But alas, such is not always the case. A myriad of situations can stand between you and a marketable title—a condition that states evidence of your problem-free ownership rights to a particular property.

The purpose of title insurance is to secure your legal claim to the property and protect you against title "defects"—legal rights to a property claimed by somebody else. Unfortunately, hidden defects can surface even after you've gone through closing, and a myriad of situations can stand between you and a marketable title. With title insurance, the title insurer not only pays the costs if you're ever forced to defend your ownership in court, but covers any financial loss if the title defects can't be settled.

To get a mortgage you will have to purchase a lender's title insurance policy. This protects the lender against any title problems. But to protect your interests, you will need owner's title insurance, as well.

Use your real estate attorney's title expertise

Many companies sell title insurance. But a lay title agency (one that's not affiliated with a law firm) only prepares documents for closing and issues your title insurance policy. A lay title agency cannot:

• Prepare contracts 
• Resolve title or inspection issues 
• Give you legal advice regarding the content of documents you sign during the closing

Since your ownership rights must be legally protected, a person trained in the complexities of real estate law is best qualified to issue your owner's title insurance policy. That is your real estate attorney. Since the fee for title insurance will be about the same with or without a real estate attorney, it just makes sense to get the added value of an attorney's legal advice and counsel.

You can expect to pay a one-time charge ranging from a few hundred to over a thousand dollars, depending on the sale price, for owners title insurance at closing. Unless you refinance your loan, this is the only time you will have to pay this premium.

(Courtesy of Attorney’s Title Insurance Fund)

The attorneys of Khani & Auerbach look forward to assisting individuals with a variety of residential real estate law services including:

• Closings

• Title searches

• Title insurance

• Review and explanation of contract terms and conditions

• Review of Condominium and Homeowner’s Association Documents

• Preparation of Notes and Mortgages

 

© 2011 Law Offices Khani & Auerbach, P.A.  All Rights Reserved.
The information contained in the Khani & Auerbach Web Site is for informational purposes only and should not be construed as legal advice on any subject matter. Recipients of this information should not act upon it without consulting legal counsel as individual situations and facts vary. Transmission and receipt of information on the Khani & Auerbach Web Site is not intended to create an attorney-client relationship nor will the act of sending e-mail to attorneys at Khani & Auerbach create an attorney-client relationship.