What Closing Attorneys Do in Real Estate Transactions

By John Wesley Walker II

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What exactly does a closing attorney do when you buy or sell property in Louisiana? It’s a common question, and understanding their role can help you know where your money goes during a real estate transaction.

When you purchase or sell a home, the closing attorney is responsible for ensuring that the title is clear. This means verifying that the property you’re buying is free of any legal issues, such as unresolved inheritances, disputes from divorces, or problems from past successions. By checking these details, they make sure that the title is in good standing and ready for transfer to the new owner.

Another key service they provide is offering title insurance. If a property has been subdivided multiple times or has a complex history, title insurance gives you an extra layer of protection. This can be especially important in cases where the property’s legal chain of ownership might be unclear.

Once all paperwork is signed, the closing attorney’s job isn’t done. They officially record the sale at the local courthouse. While the signing process in their office is significant, it’s the courthouse recording that makes the sale a matter of public record. This step finalizes the transaction and ensures everything is documented.

Perhaps the most important task the closing attorney handles is coordinating the movement of money. They receive funds from the buyer or lender and then distribute them appropriately. This includes paying the seller, brokerage, lender, and any other parties involved in the transaction. Their role ensures that everyone gets their share, and the process runs smoothly.

Understanding what a closing attorney does can make the buying or selling process much clearer. From ensuring a clear title and offering title insurance to recording the sale and handling funds, they play a critical role in ensuring your transaction goes smoothly.

If you have questions or need recommendations for a reliable closing attorney, feel free to reach out at 318-794-6769, or email me at thewalkergroup@kw.com. I’m here to help.