Frequently Asked Questions

Because Every Detail Matters

Guidance You Can Count On

Founded by Monroe natives and lifelong friends Rob Garner and Ethan Hunt, NeLA Title Company brings together decades of legal experience with a deep commitment to the community. Built on lasting relationships, local insight, and trusted expertise, our team is dedicated to making real estate transactions simple and secure. Whether you need help with closings, estate planning, or business matters, we’re here to support you throughout the entire process.

Frequently Asked Questions

Real Estate Closing FAQs

What are closing costs?

The title/escrow portion of closing costs can include the premiums for title insurance, attorney’s fees, title research fees, and settlement fees. Realtors’ fees are subject to the agreement of the parties and Lender’s fees vary depending on the type of financing used for the purchase.

Who chooses the closing attorney?

Typically, the buyer chooses the closing attorney. Your banker, realtor, and seller may all offer recommendations, but ultimately, the buyer has the power to choose.

How does escrow work in real estate closings?

If you are in the market for buying a house, you have probably heard the word “escrow,” which can be used in a number of contexts. Escrow is a legal arrangement in which a third party temporarily holds money or property until a particular condition has been met, like the execution of a purchase agreement. It’s used in real estate transactions to protect both the buyer and the seller throughout the home buying process. 

What do I need to do after closing?

Often times, our home sellers and home buyers ask us what they need to do once they leave the closing table. The simple answer is…nothing! Once you sign the deed to the property, we will file it with the local courthouse, disburse funds, and the deal is done!

Do I own the house or property I am closing on when I sign the documents?

Yes, a copy of the Deed will be provided immediately after closing. The Original document will be recorded in the records of the Parish where the property is located. The transaction is complete upon execution of the Deed.

 
 
Will I receive a copy of my Deed?

Yes, a copy of the Deed will be provided immediately after closing. The Original document will be recorded in the records of the Parish where the property is located. Unlike a car title, you do not ever receive the original title to your property. The buyer and the seller will be provided with copies of the Deed after signing and the original.

Frequently Asked Questions

Business Organization FAQs

Failure to plan is planning to fail. There are many pitfalls in starting a business. Lean on our years of experience to avoid some of the pitfalls.

Does my business organization need a Tax ID?

Definitely. This is a simple process, but there are any number of predatory websites that will seek to charge you unnecessary fees for a free service provided by the IRS. Let our professionals guide you through this process.

Do I really need an Operating Agreement?

My partner and I know how we want to work together. Q: Why go to the trouble of writing it down?
A: It’s best to eliminate any misunderstandings by reducing it to writing. Plus, in the event you and your partner need to split up, there will be less controversy if the Operating Agreement clearly dictates the method for dividing the company.

Should I open an LLC to hold my investment property?

Absolutely. If you keep investment property in your personal name, all of your assets may be at risk in a lawsuit. By placing your investment properties in a properly formed and maintained LLC, you can protect your personal property from attack.

Frequently Asked Questions

Estate Planning FAQs

You spend your whole life acquiring assets, spend a little bit of time making sure those assets are distributed as you want.

Will your office keep my Will?

Typically, No. We will retain a copy of your Will and other documents. We will give you all the originals. You are advised to keep these documents in a safe place and also alert your responsible parties where they can be found.

Why do I need a Power of Attorney?

If you go into a coma, someone needs to be able to handle your affairs, like pay bills.

Why do I need a Will?

A Will is your last chance to control your assets. Plus, a Will can go a long way towards eliminating stress and disagreement between those who love you.

More Questions?

Give us a call at 318.388.4304, we’d love to chat.

Questions?

Call us at 318.388.4304 or fill out the form below.

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