Once the closing ends, the title company records the deed and mortgage. This is the step that makes the sale public record to serve as evidence of the property's ownership.
Understanding the Role of a Closing Agent This professional ensures that all aspects of the transaction are conducted smoothly and ing to legal regulations. From preparing documents to facilitating the transfer of funds, the closing agent is there to guide both the buyer and seller toward a successful conclusion.
We recommend seeing a licensed attorney in the Commonwealth familiar with recordation/land records to prepare the deed so that it is prepared properly as it is a legal document transferring property. All deeds have to meet all standards within the Code of Virginia and the Library of Virginia Recordation Standards.
Which states require attorneys for real estate closings? Here's a list of Attorney Only States: Alabama, Delaware, Georgia, Massachusetts, New York, North Carolina, South Carolina, Virginia, West Virginia.