#help.tut Extra help for tutorials
#define.stb On line legal dictionary
               SHORT HINTS ON REAL ESTATE CLOSINGS

    A real estate closing is the part of a real estate deal where 
the deeds, mortgages and other documents are transferred, and the 
money (if any!) changes hands.

    A frequent question is do you need legal representation? The 
obvious answer is YES. Real estate transactions are likely to be 
the largest transactions that you will ever complete in your 
life. A savings of the few hundred dollars that most real estate 
transactions might cost is NOT WORTH IT and is false economy.

    For the intrepid, here are some hints (these hints also apply 
if you do have counsel:)

A. TITLE INSURANCE;

B. TITLE INSURANCE;

C. TITLE INSURANCE.

If you are the buyer YOU must have title insurance. If you are 
the seller and you are taking back a mortgage to convey the 
property, YOU MUST HAVE title insurance.

What is title insurance? Title insurance is a form of insurance 
that guarantees that the title to your property is in fact clear.
There are a number of ways that a title can be defective. For
example, heirs not cleared off property, mortgages or liens that
haven't been paid off are just some. Title insurance is very
inexpensive and well worth it.