Page 57 - Flipbook 2020

CHOOSING LOCAL
Yes, You Need A Closing Attorney in South Carolina

The home buying process is always much smoother when everyone Unlike many other states, South Carolina requires lawyers to supervise real estate
works together. Local professionals are invested in getting the job done closings. The state considers a real estate closing to be the practice of law which only
right, as they know their friends and neighbors are counting on them. an attorney can do because legal opinions about the documents may arise.

PROTECTING YOUR INVESTMENT
The South Carolina Supreme Court, which oversees lawyer conduct, has issued
an extensive list of best practices guidelines for real estate attorneys. The Court
Why You Need A Local Lender understands real estate transactions are among the largest and most significant
investments individuals make. Their guidelines help ensure that real estate
We know that relationships with lenders and bankers are often lifelong, and it’s normal transactions and activities are handled professionally and with the utmost attention
to want to work with someone who has helped you in the past. Before you decide and care to protect a buyer and seller.
to work with an online bank promising quick approvals or a lender in another town,
consider these key benefits of utilizing a local lender: Keep in mind: Using a closing agent instead of an attorney to close your loan is
not only risky, it may constitute the unauthorized practice of law and may subject
the parties to sanctions by the South Carolina Supreme Court.
MARKET SPECIFIC ADVICE
Purchasing a home in another state can be difficult, especially if you aren’t familiar WHAT YOUR ATTORNEY DOES FOR YOU
with the market. Local mortgage lenders can provide specific market advice including
state laws, as well as maintain relationships with local HOAs, which can make The actual closing where closing documents are signed represents only a fraction of
obtaining documents easier. Overall having a firm understanding of the local market the services your attorney will provide for a real estate transaction. There are generally
and its regulations will help expedite the process of securing your home loan. five (5) categories under the direct supervision of a licensed attorney:
1. Title Search
PROVEN SUCCESS
2. Loan Documents
From your pre-approval until closing day, your lender will play an integral role in 3. Closing
ensuring your home closes on time. When relocating from another area this can be 4. Recordation of Documents
very important in the entire moving process! Your Realtor should have an established
network of recommended vendors they feel confident will get the job done. 5. Disbursement of Transaction Funds

LOCAL NETWORK PROTECTING YOURSELF

When it comes time to determine the true value of your home, an appraisal will be South Carolina’s real estate law is quite complex and your closing attorney will be able
ordered. Oftentimes, this can make or break your deal! Out of state lenders and to help you understand the intricacies, as well as represent your best interests, should
internet banks select from a random list of appraisers. However, your local lender will the need to interpret the law arise. Keep in mind you hire your closing attorney.
know who to trust to get the job done right! Oftentimes, your Realtor will have recommendations of professionals in the area,
however, you have the right to choose your attorney. Make sure to choose a lawyer
At the end of the day, it’s all about relationships. who will represent and protect you.

Let’s Make Moves!

Editorial Contributed By:
Editorial Contributed By: Kenneth S. Corbett, Esq.
Revolution Mortgage Corbett Law, PA
Licensed In North & South Carolina Serving The Grand Strand For Over 30 Years
843-360-0101 843-449-7779
revolutionmortgage.com Ken@kcorbettlaw.com

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