Month: March 2022

South Carolina is a state that requires a real estate attorney to be present at the closing of a home sale.  There are several steps to any real estate transaction, and under state law, legal supervision is required at every step.

Step 1: The Contract

If you are the buyer, a real estate attorney will serve as a liaison between you and the lending institution, obtaining all necessary forms and documents and ensuring they are in order. They will also order a title record and keep track of inspection records.

If you are the seller, your attorney’s job is to get financial information about the property, including unpaid mortgages, insurance, and past inspection records. 

Step 2: The Title

A real estate lawyer’s main job here is to research the property’s history of ownership for the past six decades by examining the title. The purpose is to ensure that all financial claims on the property have been paid as well as whether or not there are easements or defects.

Step 3: Title Insurance

Once the title has been cleared, the real estate lawyer will certify it with authorities by applying for title insurance. This means that the lender can legally use the property for collateral.

Step 4: Document Preparation

It will be the real estate lawyer’s responsibility to ensure the closing goes smoothly and all documents are ready to sign.

Step 5: Closing

Buyer and seller meet at the attorney’s office. At this meeting, the lawyer explains all forms that would be signed as well as the terms of the loan.

Once these steps are accomplished, the real estate attorney oversees the disbursement of funds and files records with the county.  Whether you are buying or selling, be sure to contact a real estate law firm Charleston SC early in the homebuying process.

Working in an industry that requires the use of oil tanks is often very lucrative, but only if you take proper care of your tanks. Taking care of your work equipment is not only important for your bottom line but for safety reasons. Understanding tank inspections is important if you work with this type of equipment.

The Importance of an Oil Tank Inspection

An oil tank leak can cause a number of serious problems, including failure of the tank, hazardous situations, costly repairs, and complaints about the tank being unsightly. Regular inspections of oil tanks help to ensure that they don’t spring a leak that causes severe environmental hazards or poses a dangerous threat to the people who work on or near the tanks. Regular inspections help to ensure that problems are found and fixed before they become too serious as well as help the company to ensure it doesn’t receive any fines from the Environmental Protection Agency.

What To Expect During a Tank Inspection

Depending on the type of tank that you have and what it holds, your tank inspection may vary slightly. Comprehensive oil tank testing Westchester County NY often involves testing many different parts of the tank. The inspectors will look at the roof, including its dome and seals, to ensure that the contents of the tank are protected from the outside environment. The team will inspect the shell, aperture, and tank floor in much the same manner. Then, the inspector looks at the tank’s coating and liner and inspects its nozzles. Other parts of the tank inspection include evaluating settlement and looking at the strapping and calibration. Inspections always include a thorough examination for cracks or holes as well as determining the best and fastest way to fix any problems that are located.

How To Choose the Right Inspector

Choose an oil tank inspector who is licensed, insured, and experienced. Avoid any inspectors who seem to give you the runaround about showing you license or insurance information, and don’t be afraid to ask for reviews from current and previous clients. It is a good idea to get price quotes from several companies as well to be sure you aren’t paying too much. However, also remember that you get what you pay for, so don’t try to lowball in order to save money.

Whether you only have your oil tanks checked once per year, once per month, or more often, it is essential to stick to the recommended schedule. Doing so ensures your safety, the safety of the environment, and the safety of your company’s bottom line.