Attorneys
Real estate attorneys have a very specific job when it comes to closing a real estate transaction. Their main tasks include title work, preparing and transferring the deeds, and the accounting that goes into the real estate transaction. Often, the lenders pass along all of their paper work to the attorney and ask that they obtain signatures and initials as needed. Real estate attorneys provide both buyer and seller with a copy of the HUD-1 form, which is a federal form designed to outline every penny that exchanges hands in the transaction. The form tells the buyer how much to bring to closing and the seller how much they are walking away way with.
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