Attorneys should consider consulting with a title company when structuring a litigation settlement or other transaction that involves an award, partition or conveyance of real property.
When closing a real estate deal through a title company, the parties must structure and document the transaction properly to ensure that the acquiring party obtains insurable title. Closing instructions must be clear to enable the title company to prepare a settlement statement for disbursement of funds. There are a number of complexities inherent in this process. Below are just a few examples.
