Successfully Handle Real Estate Closings
Handle Real Estate Closings with Skill and Efficiency
Real estate closings are a maze of confusion that require a skilled attorney to successfully navigate. Ensuring proper timing of seemingly disparate elements is critical to ensure closings remain on track and don't lead to further issues down the road. This course will provide you with the information you need to confidently orchestrate the real estate closing process from start to finish. You will obtain essential information on analyzing key transaction documents, resolving potentially devastating title defects, handling closing funds with efficiency and more. Take the confusion out of the real estate closing process - register today!
- Confidently navigate the in's and out's of the real estate closing process.
- Review sale agreements and coordinate key transaction elements before the closing date.
- Analyze title commitments for issues that will lead to trouble down the road.
- Confidently resolve critical last-minute closing issues that have the potential to derail the whole transaction.
- Tie up any loose ends that may unravel after the closing, including post-closing title issues.
- Avoid critical liability pitfalls that lurk in the real estate closing process.
- The Closing Process Explained: A Practical Refresher
9:00 - 9:30, Written by Marcia St. Louis. Presented by F. Gerald Burnett in Birmingham, Marcia St. Louis in Huntsville and Douglas K. Dunning in Mobile.
- Reviewing the Title Commitment: What to Watch out for
9:45 - 10:45, Written by F. Gerald Burnett. Presented by F. Gerald Burnett in Birmingham, Douglas R. Bachuss Jr. in Huntsville and J. Ladd Davis in Mobile.
- Schedule A Landmines
- Schedule B Bear Traps
- Analyzing Land Surveys and Legal Descriptions
- Negotiating Removal of (or Affirmative Coverage for) Exceptions
- Essential Title Insurance Endorsement to Obtain
- Resolving Common Title Defects
- Preceding the Closing Date
10:45 - 12:00, Written by Mary Stewart Nelson. Presented by Mary Stewart Nelson in Birmingham, Douglas R. Bachuss Jr. in Huntsville and J. Ladd Davis in Mobile.
- Opening the Closing: How to Get Started
- Review of the Sale Agreement
- Insured Closing Letters vs. a Title Policy
- Coordinating a Settlement Date and Items Not to be Forgotten
- The Reports Arrive: Reading Payoff Letters, Tax Searches and Other Data
- Receipt of Closing Package from the Lender
- Circulation of Documents for Approval Prior to the Closing
- Other Documents Involved
- Example Checklists
- Proper Closing Procedures
1:00 - 2:15, Written by Andrea M. Gullion. Presented by Mary Stewart Nelson in Birmingham, Andrea M. Gullion in Huntsville and Brian Britt in Mobile.
- The Role and Duties of the Settlement Agent
- Resolving Last Minute Issues at the Closing Table
- Document Signing
- Obtaining Identification
- Originals or Copies?
- Preparing the Documents for Recording
- Receipt and Handling of Funds from all Parties
- Deposits, Disbursements and Holdbacks
- Reconciling Funds Received on the Settlement Statement
- Avoiding Liability Pitfalls
- Example Checklists
- Post-Closing Procedures: Tying up Loose Ends
2:15 - 3:15, Written by Marcus Hunt. Presented by Marcus Hunt in Birmingham, Marcia St. Louis in Huntsville and Brian Britt in Mobile.
- Final Recording Information or Certificate from Attorney
- Conducting Post-Closing Title Searches
- Releases of Pre-Existing Liens
- Preparing and Returning the Closing Package to the Lender
- Post-Closing Covenants
- Resolving Any Remaining Closing Issues
- Example Checklists
- Ethical Considerations
3:30 - 4:30, Written by Kevin Gray. Presented by Seth B. Thompson in Birmingham, Kevin Gray in Huntsville and Amanda Summerlin in Mobile.
- Applying the Rules of Professional Conduct
- Good Faith Required in Real Estate Transactions
- Lawyers and Title Insurance Companies
- Trust Accounts
- Representation of Multiple Clients - Conflicts of Interest
- Disclosure of Defects in Property
Agendas and Speakers may differ slightly depending on the location. Please e-mail or call a representative to obtain an agenda for a particular location.