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 the South Jersey (i.e. 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 fees that are charged for these transactions are almost never adequate.

Join Attorney William Slover as he reviews the evolution of NJ real estate closings and the various considerations attorneys should know. 

Learning Objectives

I.     Review basic transactions, from listing agreement to post-closing activities

II.    Identify leading cases in New Jersey with respect to the basic issues involved in residential real estate transfer and finance

III.   Explore the new federally mandated closing forms

IV.   Recognize the business model that seems to work best for the residential real estate practitioner

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