Sellers Attorney

In ideal situations, the seller's attorney should review a contract before it is signed. Although this would be ideal, often sellers have not spoken with an attorney until after the contract is signed.

In reviewing a contract, a seller's attorney will make sure that the buyer's mortgage terms and time frame to acquire a mortgage are realistic to ensure that the home is not off the market for too long. The attorney will also review the terms of prorations to be sure that they are fair; the terms of the various warranties of the seller to be sure that they are not too broad; and the penalties for default, to be sure that they are reasonable.

The seller's attorney's real work begins after the attorney modification period. It is at this time that the attorney will order title insurance and a survey (if required by the contract) as well as to satisfy any municipal requirements (inspections, transfer stamps, or water, sewer, and septic tests) that be necessary before the county will allow the recordation of a deed.