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Law Office of Harry P. Kotseas, P.C. - Real Estate Attorney
508-753-5933

Lender Legal Counsel Duties

Perform a title search and certify clear title:

  • Fifty-year title search at the Registry of Deeds
  • Review all documents
  • Write opinion letter
  • Inform the seller of what needs to be done to clear title problems, if applicable.
  • Order and review the Municipal Lien Certificate
  • Obtain from buyer proper evidence of insurance
  • Request payoff information from the seller's mortgagees (usually banks and mortgage companies)
  • Obtain information for closing adjustments/apportionments
  • Prepare the loan documents (Note, Mortgage, Settlement Statement and other required documents)
  • Call borrower or borrower's attorney with itemization of closing costs
  • Call seller or seller's attorney with itemization of closing costs
  • Coordinate the closing with the lender (mortgage company or bank):
    • Call borrower's attorney for closing date and location
    • Call seller's attorney for closing date and location
    • Call listing broker with closing date and location
    • Call selling broker with closing date and location
  • Collect evidence of compliance with smoke detector law and Carbon Monoxide, Title V and other applicable statutes
  • Attend the closing, interpret closing documents, review signed documents and review the deed
  • Record deed, mortgage and other title documents with the Registry of Deeds
  • Disperse proceeds
  • Issue certification of title and title insurance policy(s).

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Contact Information

Law Office of Harry P. Kotseas, P.C.
94 Highland Street
Worcester, MA 01609
Phone: 508-340-4423
Fax: 508-755-1244
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