Real Estate & Financing
Real Estate Law covers such issues as real estate conveyancing (passing title to a new owner), real estate development (developing subdivisions, commercial uses such as malls, or homes for the elderly), land use (zoning and environmental impact) and condemnation(taking of land by a governmental agency for a public purpose).
A conveyance transaction usually involves a buyer, seller and lender and can be residential, commercial or industrial. The title to property passes from one party to another by deed at a real estate closing. This transaction is usually closed at a title company who performs a title search to determine whether or not the property is free and clear of encumbrances. During the closing, the buyer, seller and lender sign all the necessary closing documents, and following a successful closing, the deed and mortgage are then recorded (filed) at the Registry of Deeds/County Recorder.