Residential Closing in New Jersey
Purchasing a home is one of the biggest investments that you will ever make throughout your lifetime.
As such, it makes sense that many Sellers and Buyers throughout the State of New Jersey will opt to have an attorney oversee their transaction. Typically, in Bergen, Passaic, Morris, Sussex, Union, Hudson, Hunterdon, Essex, Monmouth, Middlesex and Ocean counties, attorneys are central to a real estate transaction in New Jersey. Therefore, clients in the northern areas of New Jersey especially need a residential closing lawyer that will ensure that the transaction is properly put together from the attorney review phase and then managed all the way until closing of title.
What is a Residential Closing?
A closing is the when a real estate transaction is consummated wherein the Buyers, if they have a mortgage, will execute all of the relevant loan documents, such as the Note, Mortgage, Closing Disclosure and combined American Land Title Association (ALTA) statement that details the financial information in the transaction.
At the closing, the attorneys with the title and settlement agent will make sure that there exists no substantial issue pertaining to the transfer of “good and marketable” title. Finally, at a closing the Sellers convey the signed Deed and Affidavit of Title, among other documents, to complete the closing. It all ends when the Buyers get their keys and the Sellers receive their earnings from the property sale.
Over the last two decades, Abdou Law’s NJ residential closing lawyers have proudly assisted our real estate clients in thousands of purchasing transactions. Two decades later, we still thrive on helping people realize their dreams of purchasing and selling real estate because as we call it, it is a “happy thing”. Ultimately, Seller’s want to sell and Buyer’s want to buy. We enjoy helping with that.
Abdou Law is committed to passionately serving our real estate clients, and we are looking forward to working with you as your residential closing attorneys!
To learn more about our residential closing expertise, visit our blog.