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Purchased house for cash is there a problem?

I recently purchased a home for cash in NC. I was out of state at the time, used an attorney. I wired the cash ($325,000) into the attorney's trust account. The ONLY paperwork I had to sign to complete this insurance was the settlement sheet. It listed all the charges and who pays for what etc. Typical. I did order and title insurance as was listed on the settlment sheet only! I asked the attorney why there were not more papers required for me to sign and he stated that since it was a cash deal, that was it, just a short two page settlement form. Does this sound right to you? Seems like I would be signing a deed transfer form or something since I paid full cash price for the home? Would I not also have to sign some forms for the title insurance verifying a clear title? I just find it hard to believe that all I signed was one page? and it was faxed at that. Should I worry and what should I ask the attorney for?

Public Comments

1. Is your Attorney Howard K Stern? J/K Sounds odd to me. I believe I would have done the transaction myself rather than have the attorney do it. That way you could have asked questions yourself.
2. Congratulations on the new house!!!! $325,000.00 cash, wow, it would be a shame if you lost all of that.
3. You should be on title of the home and yes you should have had more paperwork and I am shure you had many documents signed and also signed through an escrow company. Ask the lawyer for: Copy of the completion of title recording and a copy of the deed even though you did not sign one....See what the lawyer says. If the escrow has closed you would be on the title unless you were not intended to be listed and are showing ownership through someone else or a corporation. I could help and can also connect you with an NC agent I am associated with. www.JessicaRussellEstates.com
4. Since you conducted an all cash transaction there are a hell or a lot of papers that are unnecessary for you. Now I would ask the attorney for a clear title to the property you have just purchased from a title company. You should also have escrow closing documents, indicating any and all other charges that were paid by you to close the transaction, even if they were paid for by the seller. The other document you should have is an insurance policy and the tax documents transferring the property to you and it should show as being paid. You might also inquire about the check he wrote from his trust account to the escrow for payment of the property. I hope this has been of some use to you, good luck. "FIGHT ON"