You've found the right property, agreed on the terms, and signed the contract. What follows is the less visible but often more complicated phase of the transaction: clearing title, coordinating with lenders and title companies, reviewing closing documents, and addressing issues that can surface just days before closing.
Chicago real estate closings move on tight timelines and involve multiple parties, large sums of money, and little margin for error. An overlooked title issue, an unresolved lien, or a discrepancy between the contract and the closing paperwork can delay the transaction or put it at risk when time matters most.
We represent buyers and sellers in residential real estate closings throughout Chicago and the surrounding counties. Our focus is on identifying issues early, resolving them efficiently, and guiding you through the closing process so your transaction stays on track and closes as expected.
What We Do for Real Estate Closings
Contract Review and Negotiation
The purchase agreement sets the terms for the entire transaction. We review residential real estate contracts to ensure the terms protect your interests and accurately reflect what was negotiated. If issues arise during the transaction, such as inspection problems, appraisal disputes, or changes in financing, we work with the other party and their counsel to resolve them without derailing the closing.
For buyers, we confirm that contingencies are properly structured, timelines are realistic, and disclosure obligations are met. For sellers, we review contract terms that affect timing, liability, and your ability to close on schedule.
If you're negotiating contract terms before signing, we can assist with that as well. Learn more about our contract drafting and negotiation services.
Title Issue Resolution
Title problems often surface during the closing process, including mechanics liens from prior construction work, judgment liens, recording errors, or ownership disputes. These issues can delay closing, prevent lender approval, or leave you with legal liability after the transaction.
We work with title companies, lenders, and the other party to resolve title defects quickly. This can involve negotiating lien releases, clearing clouds on title, or coordinating corrective filings. Our goal is to address title issues efficiently so the closing can proceed on schedule.
For more complex title disputes, including quiet title actions and ownership disputes, see our title dispute resolution services.
Lender and Title Company Coordination
Residential closings involve coordination between buyers, sellers, real estate agents, lenders, and title companies. Communication breakdowns, documentation delays, and last-minute lender requirements can create problems even when the underlying transaction is sound.
We communicate directly with lenders and title companies to resolve issues, clarify requirements, and keep the transaction moving forward. If problems arise that affect the closing timeline or terms, we work to find solutions that protect your interests while keeping the deal on track.
Closing Document Review
Closing documents, including the settlement statement, deed, mortgage documents, and title policy, must accurately reflect the negotiated contract terms and satisfy lender requirements. Errors in these documents can create financial liability, title defects, or disputes after closing.
We review closing documents before you sign to confirm they match the contract, identify any discrepancies, and ensure you understand what you're agreeing to. If corrections are needed, we coordinate with the title company and other parties to address them before closing.
When Title Issues Become Disputes
Most title problems that surface during a closing can be resolved through coordination with the title company and the other party. But some situations escalate into formal disputes, including prior owners who won't cooperate, contested liens that can't be cleared administratively, or ownership issues that require court action.
If your real estate transaction involves a title dispute that can't be resolved through negotiation, we can represent you in litigation. This includes quiet title actions, mechanic's lien enforcement or disputes, and cases where the other party refuses to close despite contractual obligations.
For ongoing property disputes that affect ownership or use after closing, such as boundary disputes, easement issues, or problems with neighboring property, see our real estate litigation services.
Common Questions About Real Estate Closings
When should I retain an attorney for my real estate transaction?
Once your offer has been accepted, or once you've accepted an offer as a seller. That's when the purchase agreement is being finalized, title work begins, and lender coordination starts. Many buyers and sellers wait until a problem surfaces, such as a title defect days before closing, a contract dispute, or a lender issue threatening the transaction. While we can often resolve these problems, involving an attorney early allows us to review the contract before you sign, identify title issues before they become urgent, and coordinate with lenders and title companies from the start.
Do I need an attorney if I'm using a title company?
A title company handles the administrative side of closing, including recording documents, issuing title insurance, and managing the transfer of funds. But they don't represent your interests or review the contract terms to ensure they protect you. An attorney reviews the purchase agreement, identifies potential problems before they affect closing, and coordinates with your lender and the title company to resolve issues. Title companies perform a function; attorneys provide representation.
What if a title issue is discovered before closing?
Most title issues can be resolved before closing if addressed promptly. This might involve negotiating a lien release, obtaining documentation from prior owners, or coordinating corrective filings with the recorder's office. We work with the title company, lender, and the other party to clear the defect so closing can proceed on schedule. The specific solution depends on the type of issue, as mechanics liens, judgment liens, and recording errors each require different approaches.
What happens if a title issue can't be resolved before closing?
It depends on the issue and the contract terms. Some title defects can be addressed through escrow arrangements, where funds are held until the problem is resolved, or through additional title insurance coverage. Others may require delaying closing until the issue is cleared. In some cases, the buyer may have the right to terminate the contract if a significant title issue can't be resolved. We evaluate the specific situation and explain your options based on the contract and the nature of the defect.
Buying or Selling Real Estate in Chicago or the Chicagoland Area?
Whether you're preparing for a residential closing or addressing an issue that's already surfaced, early legal guidance can help protect your interests and keep the transaction on track.
Contact us for a free consultation to discuss your real estate closing.
Schedule a Free ConsultationWhat to Expect During Your Consultation
When you reach out about a real estate closing, we'll discuss the current status of your transaction, any issues that have surfaced, and what needs to happen to move forward. If you're early in the process, we'll explain how we can help protect your interests through closing. If problems have already developed, we'll discuss immediate steps to address them.