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If I'm paying cash to buy a property and have provided Proof of Funds, do I have to complete a Buyers Financial Info form?

1 Answers. Asked on May 24th, 2017 on Real Estate - Pennsylvania
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Answered on May 24th, 2017 at 1:32 PM

I don't see why you'd have to do that.  However, I would strongly recommend that you retain an attorney to do a title search and title examination to ensure that you are receiving a clear title to the property and that there are no unpaid taxes, mortgages or other liens against the property.  Best is to deal with those before you pay, not after the fact.  My office handles residential closings regularly.  its money well-spent.

I recommend that you seek out a local attorney for a more in depth discussion of the matter. I do not recommend that you take any action steps without such a consult. Act quickly because by waiting, you may lose certain rights and remedies available to you.

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Real Estate
Real estate attorneys can help individuals, families and small business with all property-related legal issues. Buyers and sellers of residential and commercial real estate should work with an attorney to negotiate the terms of agreement; draft and review the contract; review related paperwork (such as loan agreements); clear existing liens on a property; and attend the closing. Lawyers can also assist property owners with addressing zoning/rezoning issues and appealing property tax assessment. Landlords and tenants should work with real estate law firms to draft and review lease agreement, handle eviction proceedings and resolve landlord-tenant disputes.
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