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Led by our attorney, Adrienne Abstract & Closing Company offer the following closing and settlement services:
  1. Searches and examinees title and cures clouds on title such as:
    1. Judgments
    2. Mortgages
    3. Delinquent taxes
    4. Past due support payments
    5. Unpaid state and federal income taxes
    6. Unpaid inheritance taxes
    7. Other liens that are a cloud on title
  2. Issue Title Insurance Policies
  3. Obtain tax certifications
  4. Obtain municipal lien letters
  5. Pay prior mortgage balances
  6. Draft deeds and other documents
  7. Handle closings as a neutral party
  8. Collect premiums, escrow, and other funds
  9. Ensure that all liens on the property have been satisfied
  10. Create a Closing Disclosure or HUD Statement
  11. Provide Closing Disclosure to parties at least 3 days prior to closing
  12. Disburse funds between the buyer, seller and/or lender
  13. Record the deed, mortgage, and any other related documents at the courthouse
  14. Search public records to determine oil & gas ownership
  15. Draft mineral deeds and easements
  16. Assist real estate investors
  17. Draft Land Contracts
  18. Manage 1031 Exchanges
  19. Advise on self-directed IRA’s
 
 
 
 
 
 
 
 
1031 Exchanges
Real estate investors benefit from Internal Revenue Code § Section 1031, which allows deferred capital gain taxes when investment properties are sold. To achieve a successful tax-deferred exchange, the investor must relinquish a property and purchase another “like-kind” replacement property (the real property is held for investment or used in a trade or business and exchanged for other real property held for investment or used in a trade or business) within 180 days through a Qualified Intermediary. The following criteria also apply to like-kind real property transfers:
  • Both properties must be located in the United States
  • The Relinquished Property must have been used for investment, business, rental or production of income.
  • The exchanger must hold the Replacement Property for investment, business, rental or production of income.
  • The Replacement Property must be identified within 45 days.
  • The Replacement Property must be received within 180 days (or the federal tax due date, including extension, if earlier).
 
Properties that qualify for 1031 Exchange:
  • Commercial Property
  • Farmland
  • Rental Property
  • Apartment Buildings
 
 
 
 
 
 
 
 
© Adrienne Abstract & Closing Company
Website by Consultline, LLC
 
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724.831.1410
 
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2009 Mackenzie Way Suite 100
 
 
Our Services
 
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(724) 831-1410
 
Email Us
 
Contact Us
 
 
© Adrienne Abstract & Closing Company
Website by Consultline, LLC
 
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 724-831-1410
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