Serving the Lake Norman Area Including
Cabarrus, Catawba, Gaston, Iredell, Lincoln, Mecklenburg, Rowan and Union County
OFFICE HOURS: Monday thru Friday 8:30 a.m. - 5:00 p.m.
- REAL ESTATE LAW
- Residential Real Estate Closings
- Purchases, Refinances, Equity Lines, Second Mortgages
- Formation of Corporations
- Preparation and Review of Contracts
- Formation of LLC's
- Commercial Real Estate
- Buy and Sell Small Business/SBA Closings
- 1031 Exchanges (Tax Deferred Exchanges)
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DIRECTIONS FROM DOWNTOWN CHARLOTTE:
Take I77 North to exit 28
Take a left off the exit onto West Catawba Avenue
You will pass Goodwill, Allen Tate and Wachovia on your right
Take a right onto Jetton Road at the Peninsula
Turn right onto Old Jetton Road
On your left hand side you will pass the Harris Teeter parking lot
Our parking lot is the next right after you pass Harris Teeter and we are the third door on the right
At Kimberly E. Fox, PLLC our primary objective is to ensure your legal rights are protected and your real estate transaction is handled in a professional manner. We assist owners and lenders with the following items related to real estate transactions:
- Preparation and review of purchase and sale contracts, deeds, mortgages and HUD Settlement Statements
- Title Examinations
- Review of Surveys
- Settlement Services
FREQUENTLY ASKED QUESTIONS:
1. Should I obtain a survey even though the lender is not requiring one?
Your lender will have coverage in their title insurance policy for matters that would have been disclosed on a survey even if a survey is not obtained. However, without a survey, your owner's policy will specifically exclude coverage for any matter that a current survey may have revealed. Surveys can reveal many title issues, including but not limited to, encroachments, boundary line issues, setback violations, easements, Lake Norman high water mark related issues and impervious areas.
2. What is title insurance and why is it important to me?
Obtaining title insurance requires a one-time premium collected at the time of closing, however, coverage lasts for as long as you own the property and even afterwards (to protect you against claims by the person you sell to). Title insurance shifts the risk of title defects or problems from the owner/lender/attorney to the insurer.
3. Why should I use an attorney rather than a settlement company to close my transaction?
Attorneys and their trust accounts are strictly regulated by the North Carolina Bar and the Goods Funds Settlement Act. Settlement Companies however are unregulated. Attorneys can explain documents and give professional advice regarding the legal ramifications of documents and title issues during the closing process. Settlement Companies however, are prohibited from explaining or giving legal advice related to documents or title issues during the closing process. North Carolina has among the lowest rates of title insurance claims in the nation because in this State the opinion of an independent attorney as to the state of title is required to obtain title insurance and because the vast majority of closings are performed by attorney's here. Attorneys' services cost no more (and often less)than settlement companies services.
For further information please contact our office directly.