Sep 16, · Real estate closings in Virginia: FAQs. Written by Federal Title on September 16, It is customary for the closing agent to receive a “title order” from a real estate agent, loan officer, purchaser, or a refinancing owner in preparation of a closing. In a residential refinance transaction that does not include a transfer of ownership. Apr 16, · Official Bankruptcy Forms. Before the Virginia bankruptcy court will discharge (wipe out) your eligible debt, you must provide the court with a complete picture of your financial circumstances. You will list in detail your income, expenses, assets, debts, and recent financial transactions on official bankruptcy karacto.xyz: Cara O'neill, Attorney. Jan 28, · Type: Bankruptcy › Bankruptcy Appeal () Disclaimer: Justia Dockets & Filings provides public litigation records from the federal appellate and district courts. These filings and docket sheets should not be considered findings of fact or liability, nor do they necessarily reflect the view of .
Kessler, co-editor of the , , , and editions of this book, is a partner in the Richmond office of Troutman Sanders LLP. He has represented clients in various types of commercial real estate transactions for more than 40 years, with an emphasis in property and casualty insurance, financing, leasing, development, and construction. He is a frequent continuing legal education lecturer. Paul H. Melnick earned a B. He currently serves on the Arlington County Board of Zoning Appeals and is a frequent continuing legal education presenter and author.
Jon W. He received his J. Following graduation from law school, he completed a judicial clerkship in the Office of Hearings and Appeals for the U. Department of Housing and Urban Development.
Subsequently, Mr. Brodegard has focused on real estate and title insurance matters, first in Northern Virginia, Maryland, and the District of Columbia. He has been admitted to practice law in Virginia and Maryland, and is licensed as a title agent in Virginia, Maryland, and the District of Columbia.
Kay M. Creasman received a J. Since when she moved to Virginia, she has, at various times, maintained a private law practice in the Richmond area focusing on real estate, small business matters, and wills; owned and operated a high-volume title insurance and non-attorney settlement agency; been employed by national underwriters as counsel in Virginia and West Virginia; searched title in the record rooms; and taught both undergraduate and graduate students in the business schools at Virginia Commonwealth University and the University of Richmond.
Creasman has been active as an Area Representative for the Real Property Section of the Virginia State Bar since and involved with multiple committees. She has been on the Board of Governors since , and was Chair of the Board of Governors Creasman was the recipient of the Traver Scholar Award presented by the Real Property Section of the Virginia State Bar and Virginia Continuing Legal Education to honor men and women who embody the highest ideals and expertise in the practice of real estate law.
Traver Scholars are Real Property Section members who have made significant contributions to the practice of real property law generally and the Section specifically, and have generously shared their knowledge with others. Within VLTA she focuses on legislative matters affecting real estate in Virginia and continuing education of title and settlement agents. Douglass W. Dewing , Douglass W. Louis, Mr. Dewing entered private practice in He entered the title insurance industry in Dewing has been a member of several continuing education panels on real estate title and title insurance topics for various groups including Virginia CLE.
Dewing is also a member of the American Bar Association. In retirement, he consults as a free-lance title examiner. John A. Dezio, author of Chapter 10, received his undergraduate and law degrees from the University of Virginia. Laura M.
She earned her J. Farley taught legal classes, provided legal information to membership via a legal hotline, and served as staff liaison to the committee responsible for drafting standard forms. In , Ms.
John W. Farrell , McCandlish Lillard, P. He has represented landowners and developers in innumerable land use and environmental cases and controversies including comprehensive planning, infrastructure financing and bonding and microbial, asbestos and lead contamination issues.
Among those represented is the applicant in the largest rezoning ever filed in Northern Virginia which included 26 million square feet of nonresidential space and 2, dwelling units. Farrell has extensive experience representing lenders and borrowers in transactions involving real estate acquisition, construction and development loans.
These projects have included the acquisition, development, leasing, and sale of mixed-use communities, condominium and residential projects, and commercial and retail properties; the sale of REO; negotiation of workouts; and foreclosure of non-performing loans.
Farrell is a lecturer and instructor in real estate, land use, and environmental law for the Virginia Law Foundation, the Northern Virginia Building Industry Association, and the National Business Institute.
A year resident of Reston, Virginia, Mr. Leslie A. Haley, author of Chapter 1, is currently providing legal ethics and law office management advice and counsel to lawyers and law firms, as well as representing lawyers and judges in disciplinary and admissions actions.
Haley is the former Senior Assistant Ethics Counsel for the Virginia State Bar, where she spent fourteen years advising Virginia lawyers on questions of ethics, lawyer advertising, and unauthorized practice of law. In addition, Ms. She is a frequent author and lecturer on various CLE topics both in Virginia and on a national level, has served as an adjunct professor teaching legal skills and professional responsibility at William and Mary School of Law, and serves as a guardian ad litem in central Virginia courts.
Powell, Jr. Jack C. His practice includes commercial and resi-dential real estate transactions and litigation, as well as business and trust and estate work. In addition to handling commercial lease transactions and routine landlord-tenant matters, he has assisted clients with complex real estate transactions.
He has worked on a private placement offering to fund the construction of a physician-owned medical office building and a hospital ground lease. In recent years, he has assisted clients in donating conservation easements on thousands of acres across Loudoun County and Fauquier County and helped them with the Land Preservation Credit Application process.
District Court for the District of Columbia. Edmund D. As a transactional attorney, Mr. Harllee represents a significant number of financial institutions in connection with a wide variety of lending transactions, including commercial real estate loans, U. Government receivables and other asset-based loans, construction loans, mezzanine financing, syndicated loans, and loan participations. When loans become troubled assets, he represents lenders in work-outs and restructurings, having represented financial institutions through several economic downturns.
Harllee also serves as local counsel to other lenders throughout the U. A former in-house counsel for a large multi-jurisdictional regional Bank in the Washington, D. Harllee advises financial institutions in such areas as bank operations, payments systems, forgeries and other fraud, credit and debit cards, and stored-value cards, as well as a wide range of online banking and cash management products.
He also counsels these clients on consumer and non-consumer regulatory compliance, both federal and state, for all types of banking services. Michael A. Inman, author of Chapter 18, has lived in Virginia Beach and has been practicing law in the Hampton Roads area for over 40 years, primarily in the areas of real estate, business and community association law.
He and his community association practice group represent over community associations in Southeast Virginia, and he is a frequent speaker on community association topics. Inman is involved in community activities through his service as a member of the Virginia Beach Planning Commission, his membership in Virginia Beach Vision, a group of local business leaders, the Town Center Kiwanis Club, and also as former Chair-man of the Board of Seton Youth Shelters, a charitable organization which provides shelter and counseling to at risk youth.
Tina M. After a private practice litigation career of ten years, Ms. LePoer made a lateral career move into the title insurance and settlement services industry, where she remained for over 15 years. It was in her position prior to joining Old Republic Exchange Company that she began working with Exchanges in addition to her work with title insurance and settlement services.
LePoer is a licensed attorney and a licensed title insurance agent, as well as an experienced qualified intermediary. LePoer is responsible for advising the company and working with exchangers to ensure the success of their Exchanges. Charles L. Resident in the Richmond office, he counsels clients on business transactions, primarily in the real estate industry and in the banking and finance sector. His practice ranges from locally based matters to multistate and national transactions to international projects.
In the real estate area, Mr. Menges handles commercial real estate trans-actions of all types including the sale, purchase, development, financing, leasing and management of both unimproved land and existing commercial projects. He also has extensive experience representing owners and developers of hotels and resorts, including negotiating purchase and sale agreements, management agreements and franchise agreements, as well as advising hotels, private resort clubs and other hospitality clients on meeting contracts, vendor relationships, membership issues, and other matters.
In the banking and finance area, Mr. Menges frequently lectures and writes articles on opinion practice. In fact, title insurance is not required by law. However, most lenders will not provide a mortgage without it. The cost, generally a few hundred dollars, varies based on the value of the property.
If there is a fault in title that results in a loss, the mortgage holder will be paid back. A title policy will protect the equity in your new home. What are some examples that a title policy would guard against? Your title insurance policy will protect against a variety of defects. This is a short list of common examples:. What factors should I consider in choosing a closing agent? While the functions performed and services provided by the closing agent include those matters previously described, the most important role played by the closing agent is the issuance of the title insurance policy.
Ultimately, the most vital function of the closing agent is issuing a title insurance policy, and since title insurance policies are all substantively equal, the closing agent is simply providing a commodity necessary to complete the transaction. What documents will I be expected to sign at closing? You will be required to sign numerous documents at the time of closing. In the majority of closings, the lender prepares and delivers the documents to the closing agent the day before or day of closing.
Thus, most borrowers do not have the opportunity to review the documents prior to closing. Moreover, most borrowers do not take the time to read the documents at closing because of time constraints. While the majority of the documents are simply disclosures and other non-binding notices to borrowers, a handful of the documents are vitally important and legally binding.
Upon receipt of the ratified contract, our office will begin the process of conducting a title search and coordinating settlement with your lender. If you have not already scheduled a date and time for your settlement convenient to all attendees, please call or contact us to do so, or you may have your real estate agent coordinate closing with us. Please call our office one day prior to closing and we will provide you with the dollar amount you will need to bring to settlement.
In the event we do not have figures from your lender and cannot provide you with an exact amount, you may refer to the Good Faith Estimate provided by your lender and use a personal check for any remaining balance due. Previous Next Comment Hello,. Your email address will not be published. Save my name, email, and website in this browser for the next time I comment.
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