NY Real Estate Transactions: The 48 Hour Contract Signing

The beginning of the real estate contract process is often the most stressful for all parties involved. The client wants to have contracts signed, the brokers are calling non-stop and the attorney needs to make changes and do their due diligence. Often, this process can take 7 or more days before everything is completed.

Join returning Lawline faculty and attorney, Daniel Gershburg, Everbank Vice President, Mortgage Area Sales Manager, James S. Dorcely, and TitleVest Managing Director, Client Services, James Melnichok as they explore better ways to service clients and conduct the due diligence required. The presenters teach practitioners the most common changes that are made in a Real Estate Contract of Sale and the most prevalent things to look out for from both a title and lender perspective.

This presentation seeks to allow attorneys to turn around contracts quicker while continuing to effectively represent the client and ensure duties are properly fulfilled.

Learning Objectives:  

I.    Understand the most common changes made to a Contract of Sale

II.   Grasp Due Diligence for co-ops and condos

III.  Avoid typical errors attorneys make in a Contract of Sale

IV.  Identify how to help the lender get what they need to close faster

V.   Utilize a title company successfully and effectively