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In North Carolina, a real estate attorney is not only an essential piece of the puzzle when closing a real estate transaction, but a required one. Only attorneys who meet specific requirements can legally handle these closings.

The buyer provides their agent with funds to pay for the closing and signs all necessary paperwork. The buyer's attorney records the new deed at the courthouse. The escrow agent will use the escrow funds to pay off any remaining mortgage and other closing costs. The remaining funds are then sent to the seller.

Closing attorneys are vital to the closing process. They are responsible for gathering information about the contract, the loan, title to the property, insurance, home warranties, termite inspections, and land surveys, as well as prepare documents that cover everything.

Generally, in North Carolina, you as the buyer have the right to choose the closing attorney. Some lenders require you use certain attorneys. The seller can chose to have their attorney prepare the warranty deed and verify the settlement statement.

The seller's attorney resolves title issues. In addition to inspecting the property itself, the buyer also inspects the property's title prior to closing. The seller's attorney or title insurance company usually runs title and identifies any possible title defects prior to closing.

Is an attorney required for closing in North Carolina? Specifically, in the state of North Carolina, it is mandated by law that the closing process of a real estate transaction is overseen by a licensed North Carolina attorney as it is a practice of law.