NYS Real Property Actions and Proceedings Law
New York ∙ Rochester ∙ Real Property Law
To contact an attorney with experience in all aspects of real property law, including contracts, closings, mortgages, deeds, settlement statements, foreclosures, landlord/tenant issues and evictions, please complete the Ask A Lawyer form above. Someone will get back to you as soon as possible.
The legal services provided in the purchase and sale of real property vary greatly depending on whether we represent the purchaser or seller. Generally, our services are as follows:
Representation of Purchaser:
- Review the Purchase/Sale Contract
- Comply with contract dates, inspections, contingencies, terms and conditions
- Review the proposed Deed
- Review the Mortgage Commitment and comply with the Lender’s requirements
- Order the Title Report, review the Title Report and comply with the title company requirements. Order the Title Insurance
- Prepare the Equalization and Assessment form #RP-5217
- Prepare the Statement of Sale for closing
- Review the Lender HUD-1 (Settlement Statement)
- Review the documents to be signed at closing
- Attend the closing (generally at the office of the lender’s local attorney)
- Arrange for the title company to record the deed, mortgage and related closing documents
Representation of Seller:
- Review the Purchase/Sale Contract
- Comply with the contract dates, inspections, contingencies, terms and conditions
- Prepare and deliver the proposed Deed to the Buyer’s attorney and the Lender’s attorney
- Prepare the final Deed conveying title from seller to buyer
- Review the Title Report and comply with the title company requirements
- Obtain the mortgage payoff information from existing lender(s)
- Prepare the Statement of Sale for closing
- Prepare the Gains Tax Affidavit form #TP-584
- Review the documents to be signed at closing
- Attend the closing (generally at the office of the lender’s local attorney)
- Arrange for the title company to pay off existing liens
ADDITIONAL SERVICES such as the preparation and negotiation of a Residential Purchase and Sale Agreement, Cancellation and Release of Contract, Limited Power of Attorney, Holdover or Early Occupancy Agreement, Promissory Note and/or Mortgage, are available.
To contact an attorney with experience in all aspects of real property law, including contracts, closings, mortgages, deeds, settlement statements, foreclosures, landlord/tenant issues and evictions, please complete the Ask a Lawyer form or call us directly at 1-735-9943! Someone will get back to you as soon as possible!