Real Estate
The Law Office of Leara Morris-Stokes Attorneys conduct closings for new purchases, refinancing, or Home Equity Line of Credit (HELOC). Our closing attorneys are responsible for organizing, carrying out, and finalizing real estate closings. The real estate closing is a meeting where all relevant parties of a real estate transaction finalizes the transfer. During this meeting of interested parties, all relevant legal documents are signed, and the established payment is transferred from the buyer to the property owner.
New Purchase
Our team handles new home purchase closings. There are three main documents to sign during closing, including a deed of trust or mortgage, which is a document that puts a lien on your property as collateral for your loan. The second document is the promissory note, a legal agreement to pay the lender, including when you will make your payments and where you will send them. The last one is the closing disclosure, an itemized list of your final credits and charges.
Refinance
Refinancing your current mortgage in many instances require a closing. You’ve made the decision to refinance your mortgage. Maybe to lower your interest rate, or to get cash back. You may have even selected a shorter term, allowing you to own your home free and clear in less time. The team at Morris Stokes Law will make the closing processes simple.
Home Equity Line of Credit (HELOC)
A home equity line of credit (HELOC) lets you borrow against available equity with your home as collateral. The Morris Stokes Law team will streamline the process and help get your equity money quickly.