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Real Estate Closings, Title Insurance, Contracts, 1031 Exchanges

Note:  Please visit our new website at www.VirginiaClosings.com for up-to-date versions of these articles.  We are sorry but AOL no longer supports the editing software needed to maintain this site.

Buck, Anderson & Somerville

Craig E. Buck Teri L. Anderson
Mark S. Somerville

Dana L. Scott

Christina Hart

Attorneys-at-Law

The law firm of BUCK, ANDERSON & SOMERVILLE, P.C. and our affiliated title and escrow company, ALLIANCE TITLE & ESCROW, INC. , specialize in real estate closings, title insurance, contracts, tax deferred exchanges, estate planning and business development.

The law firm was founded in 1979. Since then, our lawyers have helped over 35,000 families buy, sell or re-finance their homes or commercial property. We conduct closings for all major lenders and title insurance companies and have affiliated title insurance agencies with First American Title and Southern Title Insurance. We are licensed settlement agents under Virginia's Consumer Real Estate Settlement Protection Act and are members of the pre-paid legal services plans of ARAG and Hyatt Legal Services.

In 1997, Craig Buck was voted the BEST SETTLEMENT ATTORNEY in private practice by an independent vote of 200 top area real estate agents. He is is Past- President of the Virginia Real Estate Attorneys League.

We provide professional real estate closings throughout the Northern Virginia Suburbs of Washington, D.C. South to Fredericksburg and West to Leesburg. Here is a list of counties, cities and communities served.

We have five offices to serve you:

6088D Franconia Rd.
Alexandria, Va. 22310
(703) 921-0809
Fax (703) 921-0829

Near Springfield Mall and the intersection
of the Beltway and Interstate 95

8401 Richmond Hwy Suite E
Alexandria, Va. 22309
(703) 360-1100
Fax (703) 360-6792

Near Mount Vernon Hospital and
Fort Belvoir at Rt. 1

3182 Golansky Blvd. #201
Lake Ridge, Va. 22192
(703) 680-0800
Fax (703) 680-6595

Near Potomac Mills Mall and the
intersection of the Prince William
Parkway with Smoketown Rd.

233 Garrisonville Rd. #102
Stafford, Va. 22554
(540) 720-5505
Fax (540) 720-6292

West, off the Aquia /Garrisonville Exit
on Interstate 95 (Exit 143B)

1109 Heatherstone Dr
Fredericksburg, Va. 22407
(540) 785-7001
Fax (540) 785-5075

We Moved!
Now off Exit 130 (Rt. 3 West ) on Interstate 95
Behind BJs

You can E Mail us at ReaLawBuck@aol.com

Here's a description of some of our services with a link for an article on each subject.

Note:  Please visit our new website at www.VirginiaClosings.com for up-to-date versions of these articles.  We are sorry but AOL no longer supports the editing software needed to maintain this site.

  • We have prepared a GUIDE TO THE PURCHASE of Real Estate in Virginia containing complete information on Agents, Contracts, Homeowner's Associations, Seller Disclosure, Financing, Title Insurance, Surveys, Types of Ownership, Controlled Business, and Settlement.
  • If you are not using a real estate agent, you'll want to check out our FOR SALE BY OWNER GUIDE. It has lots of information for both buyers and sellers.
  • If you sell property, you may owe tax. That is simple enough but the 1998 tax law substantially changed the rules for the sale of a personal residence. HOW TO AVOID PAYING TAX ON THE SALE OF A PERSONAL RESIDENCE explains personal residence rules.
  • Investors can still use Section 1031 tax-deferred exchanges to postpone tax on their sales. Our tax-deferred exchange services include use of a separate qualified intermediary company. Although you can only exchange for US property, we have conducted exchanges for clients throughout the world -- including clients stationed in Hong Kong and Nepal. HOW TO AVOID PAYING TAX ON THE SALE OF INVESTMENT REAL ESTATE explains tax deferred exchanges.
  • Unmarried co-owners should always have a written joint ownership agreement. We specialize in joint-ownership and equity-sharing agreements to define rights and responsibilities of joint owners and to preserve their tax benefits. JOINT OWNERSHIP AGREEMENTS and HOW TO HOLD TITLE
  • For the distressed buyer or seller, we offer assistance with compromise short-sales and contracts for deed. VA COMPROMISE LOANS describes how to sell when your VA Loan is up-side-down. How to ASSUME THE NON-ASSUMABLE LOAN describes the Contract for Deed answer for credit-crunched buyers and anxious sellers.
  • Want to learn more about our attorneys? View the BUCK, ANDERSON & SOMERVILLE FIRM BIO
  • Check out The Real Estate CONTRACTS HANDBOOK and order your own copy. Over 100 helpful contract clauses together with many articles and tips.
  • Access the REAL ESTATE DICTIONARY with over 100 terms.
  • If you have ever paid off an FHA loan, the government probably owes you money. Refunds are available up to eight years after the payoff but no one is trying very hard to find you. You need to know about FHA HOMEOWNER REFUNDS.

Here are some of my "Hot Links." Try them ALL but be sure to return here!

HUD's Home Page Settlement information from HUD - Your tax dollars at work.

VA Loans - The Veterans Administration Page

HSH Financial Publishers Mortgage Index and other data.

Homebuyer's Fair Good general info and Washington DC communities

Homeowners.com Great information and Mortgages in 43 states!

Inman Real Estate News Service Daily news bulletins and articles for professionals and trend watchers.

International Real Estate Directory IRED the Grandaddy-of-em all Real Estate Directory.

The OurBroker(TM) Real Estate Information Center Well-known real estate author Peter Miller has a great homepage with lots of information and links

R-Net: Real Estate and the Net Compilation of real estate related links, newsgroups, government, law and Washington DC area information

Mortgageloan.com The name says it all.

Commission Express -- Agents! Commission advances are just a click away.


The address for this page is http://members.aol.com/ReaLawBuck. The site was last revised May 3, 2006   Please visit our new site at www.VirginiaClosings.com

To let us know what you think about our page or request additional information or permission to use this material, send mail to ReaLawBuck@aol.com

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