Do You Need an Attorney?
Top 50 Questions about Farmland
Hey, it's the Iowa Land guy, and here's the top 50 questions that I get. Ask about farmland. Do we need to utilize an attorney? So at Whitaker Marketing Group, all of our closings are held in-house, but we utilize an attorney for all of our closings. Uh, arguably with farmland. We have, uh, in encumbrances, uh, meaning money, you owe enc encroachments, meaning the neighbor farmers' fence, or a building, or a cattle building, something of that nature. And there is a chain of title. So who owned it? Who inherited it? Did it go to a trust? Did the bank get paid off, et cetera, et cetera, et cetera. There's a lot of moving parts when it comes to, do we use an attorney, yes or no? We found that using the attorneys, um, and ones that we recommend on the front end have helped the process go more smoothly and save you dollars in the long run. They help, uh, prep the deed, the declaration of value, the groundwater hazard statement. Uh, we record the documents for you, so it's a two part closing process. Our team locally at Whitaker Marketing Group follows the entire transaction and works with the attorneys on the parts that the attorney needs to work on, works with the lenders on the part that the lender needs to work on. So do you need an attorney? We recommend yes. Yes, you do. Having an attorney is crucial for ensuring a smooth transaction process. David Whitaker | Iowa Land Guy