Dealing with Common and Not-So-Common Real Estate Scenarios
Date: May 7, 2024 9:00 a.m. – 11:30 a.m.
Location: Online
Member Price: $143
Non-Member Price: $179
Section Price: $134
Areas of Law: Real Estate, Real Property, Trust, & Estate
Earn up to 3 credits! (More Information)
Keynote
Moderator
Presenters
- Daniel Barli, Esq.
- Barli & Associates LLC, Clifton
- JoAnne I. O'Connor, Esq.
- The Law Offices of Peter C. Lange, Medford
- Nicole Timpanaro
- CEO, Fortune Title Agency, Roseland
Two New Jersey residential real estate attorneys and a title agent have come together to discuss some of the common and not-so-common real estate scenarios that arise in New Jersey closings. Our panel will present the different fact patterns and offer guidance on how to deal with each one. It will also highlight differences that may be encountered in North Jersey and South Jersey closings.
Discussion to include:
- Lender rate lock fees and costs;
- Lender asking to schedule closing without clearing conditions;
- Lender insisting on repairs;
- The property that does not assess to meet the purchase price;
- Underground storage tanks and DEP;
- Closing without municipal certificates (CO, smoke);
- Difficulties encountered with use and occupancy agreements;
- Differences in the settlement between North and South jersey and how to properly calculate the settlement fee as well as various endorsements;
- Wire fraud, mortgage payoff fraud, check fraud, and seller identification fraud;
- LLC transactions and the Corporate Transparency Act;
- Estate sales- what is required and what’s different?;
- Title:
- Mortgage company requiring buyer to use their title company
- Waiver of title insurance - Phishing scams.
This is an unprecedented opportunity to gain insight on approaching and remedying dilemmas in residential real estate closings.
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