At Teel, McCormack & Maroney, P.L.C. we represent residential homebuyers and sellers throughout Tennessee, as well as individuals looking to refinance their existing mortgages. We also represent a very large percentage of lenders in West Tennessee, including local and national banks, mortgage companies, and other lending institutions. Our firm will help you with all aspects of real estate law including real estate closings, title insurance, and title examinations. We also have a large commercial real estate practice, representing purchasers, sellers and lenders in all aspects of the commercial transaction. We receive many referrals from real estate agents and mortgage lenders that we have worked with over the years. Satisfied clients refer the majority of our clients to us.

Once you have recognized that you need help with your real estate transaction, the next step is selecting an attorney to help you through the process. Our level of experience is such that we have seen a great variety of situations relating to real estate law and can help ensure that you do not encounter any costly mistakes.

How can an attorney help me with a real estate matter?

Consumers are advised to enlist the assistance of a qualified and experienced real estate attorney. Buying a home will likely be the biggest and most important financial transaction of your life. You need a qualified professional to help guide you through the complicated world of today's real estate transaction and help you avoid problems. The need for an experienced real estate lawyer is especially important for the first-time homebuyer. An attorney experienced in real estate law can protect you from costly mistakes, errors in the documents, errors in the figures, and problems that could lead to litigation or other costly legal action. The nominal closing fee for an attorney is far less than the undetected clerical errors and fees for post-closing legal action that many people without a competent attorney incur.

What does a real estate lawyer actually do?

Your real estate attorney owes an undivided duty of loyalty to you, unlike others involved in the real estate transaction, such as real estate salespersons, lenders, appraisers, inspectors and title insurance company representatives. Before you sign documents involving significant legal rights and obligations, your lawyer can explain terms and help you understand what you are signing. Consult a qualified real estate attorney before signing any offer to purchase property. Your real estate attorney can help you negotiate the specific terms of the contract, review title documents and ensure that clear title to the property will be conveyed, help you evaluate mortgage financing options and explain the terms of your mortgage loan and help guide you at closing through the stack of documents that you will be asked to sign. The attorney will also ensure that conveyance documents have been properly prepared and actually convey good title to the property to you. If you are married, the attorney can also help you evaluate the pros and cons of taking title as joint tenants or as tenants by entirety, and can explain the consequences of various options.

How will Teel, McCormack & Maroney, P.L.C. work with you?

If you would like more information about Teel, McCormack & Maroney, P.L.C. we are happy to provide it. There is never a charge for an initial consultation and you will pay no legal fees unless you hire us. Our team of lawyers and support staff strives to satisfactorily meet client objectives and goals by focusing on your case.

Should you choose to have us represent you, we will do the following:

For buyers and sellers:

• Review listing agreement
• Review contract prior to signing or post-signing
• Attend closing

For sellers:

• Procure state, county, and local transfer stamps
• Procure water certifications, inspections or tests as required by local municipalities
• Arrange for current mortgage payoff
• Prepare closing documents

For buyers:

• Order title insurance and survey
• Review inspection report and negotiate repairs
• Work with the mortgage broker to make sure financing deadlines and informational requirements are met
• Explain the mortgage and seller documents in clear, easy to understand terms
• Ensure deed is properly recorded and title policy is issued