When Real Estate Issues Arise, Experience Matters

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new lightningEveryone certainly expects that all will go smoothly with real estate closings….but all too often there is SOMETHING comes up (and usually at the last minute).

Real estate issues can come from any of the parties involved: the buyer, the seller, the real estate agent, the lender, the title insurance company…

Why isn’t the home owner warranty listed?  Why is the estimated net amount payable to the seller less than expected?  Where is the report from the termite inspection?

When real estate issues arise, EXPERIENCE MATTERS!  Having seen these types of issues before, an experienced real estate attorney can quickly address them,

With years of experience involving thousands

 of North Carolina real estate matters, you can count on the Ewing Law Center to

handle all of your real estate closings.

Fracking and Your Rights

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Fracking (also known as hydraulic fracturing) is the process of drilling down into the earth and then injecting a water mixture to release the natural gas locked below.

Regardless of whether you favor or oppose this process, most folks would tend to agree that the rights to the minerals and gas below a piece of property should belong to the owner of the property.

Until recently, this was not always the case.

In several circumstances involving homes in the Triangle area, it was revealed that a national developer had retained these mineral and gas rights instead of granting them to the new home buyers.

As was reported in the May 10, 2012 issue of Clarion Content (www.clarioncontentmedia.com)

“Durham property attorney, Carey Ewing, who was an essential part of bringing the story to the public eye, says that uncertainty prevails, ‘Homeowners need more information and no one is giving it to them’.”

ALTA Best Practices

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The American Land Title Association best practices (“ALTA best practices”) regarding the settlement of real estate transactions are designed to promote client protection and increase transparency in our industry.

The 7 “best practices” are:

  1. Establish and maintain current License(s) as required to conduct the business of title insurance and settlement services.
  2. Adopt and maintain appropriate written procedures and controls for Escrow Trust Accounts allowing for electronic verification of reconciliation.
  3. Adopt and maintain a written privacy and information security program to protect Non-public Personal Information as required by local, state and federal law.
  4. Adopt standard real estate settlement procedures and policies that help ensure compliance with Federal and State Consumer Financial Laws as applicable to the Settlement process.
  5. Adopt and maintain written procedures related to title policy production, delivery, reporting and premium remittance.
  6. Maintain appropriate professional liability insurance and fidelity coverage.
  7. Adopt and maintain written procedures for resolving consumer complaints.

ALTA Best Practices – Maintaining Licenses

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The American Land Title Association best practices (“ALTA best practices”) regarding the settlement of real estate transactions are designed to promote client protection and increase transparency in our industry.

Ewing Law Center fully embraces, supports and adopts these industry “best practices”.

ALTA Best Practice #1 is “Establish and maintain current License(s) as required to conduct the business of title insurance and settlement services.”

Ewing Law Center is a corporation in good standing with the great State of North Carolina since 1993, with documentation on file with the department of the Secretary of State.