What information must attorneys have when dealing with a seller's property?

When attorneys are involved in dealing with a seller's property, they must have accurate Homeowners Association (HOA) information and details about the seller's mortgage lender. This information is critical for several reasons. Firstly, accurate HOA information is essential to ensure that potential buyers are made aware of any rules, fees, or assessments associated with the property. This can significantly impact a buyer’s decision and the property's overall marketability.

Additionally, knowing the seller's mortgage lender enables the attorney to understand existing financial obligations related to the property, such as existing liens or loans that may need to be cleared at closing. This due diligence protects both the seller and the buyer in the transaction process and ensures that there are no surprises at the closing table.

The other options lack key elements that are important in a real estate transaction, such as the closing statement alone does not provide enough details about the property nuances. Personal opinions about the property may not have any legal relevance or accuracy and could mislead buyers. A mere verbal agreement does not hold a legal basis in real estate transactions, and documented agreements are essential to enforce any terms of the deal effectively. Hence, the necessity for precise information regarding HOA and the mortgage lender is vital for legal clarity and to facilitate a smooth transaction.