Real estate transactions usually involve large sums of money. This is precisely why it is important to rely on proper fiduciary handling. The attorneys at GIBEL ZIRM attorneys at law support you with their comprehensive expertise in escrow services, ensuring that your interests are always protected when buying and selling real estate.
Services and Offer for Real Estate Transactions
The Lawyer's Trust Account
Caution is required in real estate transactions, especially in the transitional phase between the signing of the contract and the transfer of ownership: the buyer has usually already paid but is not yet registered in the land register. The seller, on the other hand, transfers the property without having definitively received the purchase price. To ensure that both sides are optimally protected, the purchase price is usually paid via a lawyer’s escrow account. As a law firm with many years of experience in real estate law, we are available to handle real estate transactions of any size in trust.
Advantages of Fiduciary Processing
As part of an escrow transaction, the purchase price is not paid directly to the seller. Instead, the amount is paid into a special escrow account set up by our law firm. The funds are only released to the seller once all conditions agreed in advance have been fulfilled – such as the buyer’s registration in the land register and the deletion of any encumbrances. The conditions for the release of the purchase price are regulated in an individual escrow agreement. This contains clear provisions on when and how the money may be paid out to the seller. At the same time, it ensures that the buyer receives the property as agreed.
GIBEL ZIRM Attorneys at Law also takes care of communication with banks, clarifies questions regarding the deletion of old liens or the registration of new financing, and coordinates with notaries and land registry courts. This ensures that the entire process remains legally secure and efficient.
Your Contacts for Fiduciary Services in Real Estate Transactions
As experienced lawyers with extensive expertise in real estate law, we ensure that your interests are legally protected throughout the entire process. A fiduciary transaction offers not only security, but also transparency and reliability. Put your trust in clear structures, legal protection, and our many years of experience for your real estate transactions.
