Closing is the easy part. Getting to closing takes real estate expertise.
REAL ESTATE CONTRACT & CLOSING LAWYERS on Long Island
Most people believe that buying or selling a home is a fairly simple process, but the process is not always as simple as it may seem. There are numerous decisions that must be made that will have an impact on your home closing. One of those decisions includes how the title on your home will be recorded.
Most married couples elect for joint ownership with rights of survivorship; however this may not be the most effective way to register your home if you are unmarried. Allowances may also need to be made for same-sex couples, what to do in the event of divorce, and what steps must be taken for the property to pass to your heirs in the event of your death.
REAL ESTATE AND MORTGAGE PAPERWORK
One of the first steps towards home ownership is making an offer to purchase a home. Once an offer has been accepted, the seller will typically provide the buyer with a purchase and sale agreement. Purchase and sale agreements can be very confusing and often contain quite complex language. There are specific clauses that could also cost you thousands of dollars if you do not understand what you are reading.
Once you have applied for a mortgage, your lender will require specific documentation before they approve your loan. You will also receive an extensive amount of paperwork including truth-in-lending disclosures. Most first-time homebuyers are unfamiliar with these documents and typically have questions that may need to be answered by an attorney.
Once your mortgage is approved, a closing will be scheduled. Both buyers and sellers have the right to be represented by an attorney. At Solomon Richman, P.C. we have represented both buyers and sellers in real estate closing transactions. Some of the services we provide include:
drafting purchase and sale agreements
reviewing purchase and sale agreements
representing buyers or sellers at final closing
reviewing mortgage documents for accuracy
drafting agreements between unmarried owners regarding property dispensation or division
Regardless of whether you have just received a purchase and sale agreement, you have questions regarding documents requested by or provided by your lender, or you wish to have representation at a real estate closing, Solomon Richman, P.C. is available to help. Over the years, we have helped thousands of buyers and sellers make sure the real estate closing process was as simple and seamless as possible.
We provide closing services for all types of real estate including foreclosure properties, condominiums, co-ops, commercial properties, and mixed-use properties. We pride ourselves on having a solid understanding of the various laws and issues that can arise with a real estate closing in New York.
Our team of experienced real estate attorneys are prepared to work with you from the beginning of the home buying process until the final closing. Call Solomon Richman, P.C. at (516) 437-6443 today to schedule a consultation with a New York real estate closing attorney.