Fundamentals of NJ Residential Real Estate Closings

The real estate closing process in New Jersey continues to evolve. The new closing forms, the continuing short sale problem, the persistence of difficult inspection issues, the northward creep of “South Jersey,” title company closings, and other developments all require the practitioner to stay current with the changes.

In addition, lawyers are increasingly being drawn into litigation involving unhappy buyers/mortgagors, who sue their sellers and their mortgagees. As if this were not enough, the attorney fees that are charged for these transactions are almost never adequate. 

Join attorney William Slover as he reviews the evolution of New Jersey real estate closings and the various considerations attorneys should know, including specific consideration of the New Jersey Consumer Fraud Act.

Learning Objectives

1. Review basic transactions, from listing agreement to post-closing activities
2.  Identify leading cases in New Jersey with respect to the basic issues involved in residential real estate transfer and finance as well as with specific consideration of statutory consumer fraud issue spotting
3. Explore the new federally mandated closing forms
4. Recognize the business model that may work best for the residential real estate practitioner
5. Develop an awareness of certain issues for spotting purposes in order to competently represent real estate clients

This course originally appeared as a part of our December 2015 Bridge the Gap Event.