Cherry Hill, New Jersey Real Estate Lawyer
New Jersey Residential Real Estate Law Attorney
Whether you are buying or selling a first home, second home, vacation home, or an investment property, the purchase or sale of any real estate is a large investment. It therefore makes sense to consult with and retain an attorney to represent your interests.
“You already have a lot to worry about– let my office help take the worry out of the legal process of buying or selling real estate.”
Blair C. Lane, Sr., Attorney at Law
Shareholder, Earp Cohn, P.C.
Contact an experienced New Jersey real estate lawyer for assistance. Call 856-354-7700.
Real Estate Services/Areas
New Jersey real estate attorney Blair C. Lane, Sr., provides a wealth of useful information on this Web site regarding the following issues:
• The Real Estate Agreement Of Sale
• The Three Day Attorney Review Clause
• Buying Or Selling A Home
• Residential Real Estate Information
• Real Estate Law: Do I Need Title Insurance?
• Mortgage And Foreclosure Basics
• Reasons To Have Your Property Surveyed
• Can A Corporation Buy And Sell Real Estate?
• A Check List For Real Estate Involving Corporations
• New Jersey’s 2004 Tax changes With Regard To The Sale Of Real Estate
• What Is Closing? How Do You Prepare For Closing?
• What Is Radon? Should You Have A Radon Test Performed?
• Buying And Selling A Property: Should There Be A Deposit?
As an attorney specializing in residential real estate, Mr. Lane assists individual homeowners with the process of buying and selling homes, as well as with ownership issues that can arise after the sale. For most people, their home is the biggest single purchase they will ever make, and often their most valuable asset. Buying and selling property is complicated; a good attorney can explain the process and the options that may be available, as well as look out for a party’s interests, ensure title to the property is clear, and take care of issues that may arise after the sale.
A real estate attorney’s work frequently starts with the purchase agreement for the property. The attorney will either draft an appropriate document (for the buyer) or review one prepared by a prospective seller, and ensure that appropriate clauses are included and contingencies covered. Many residential purchase agreements will be contingent on such events as the buyer’s ability to obtain a mortgage at or below a certain interest rate, the buyer’s ability to sell their existing home, an inspection of the property, or an appraisal of the property that supports a value equal to or exceeding the proposed sale price.
Once the purchase agreement is signed, the attorney will take the steps necessary to proceed with a closing, such as:
• Obtain a title search or title insurance binder, review the status of the title, and require the seller to correct any defects in the title;
• Prepare or review the deed, any mortgage, other closing documents and any necessary bill of sale to cover personal property included in the sale;
• Advise the buyers how title should be taken (joint tenancy, tenancy in common, etc.) and how this decision will affect the buyers in the future; and
• Address issues that are not covered by title insurance or a title examination, such as zoning ordinances and other land-use restrictions, and liens, including water, sewer and special assessment liens.
At the closing, the attorney will review and explain the various documents involved and make sure that all steps are taken to fulfill the intent of the parties as expressed in the purchase agreement. Most importantly, the attorney will make sure that all of the steps necessary for the buyer to obtain clear, marketable title are taken, including the recording of the deed and other necessary documents
Contact real estate attorney Blair C. Lane, Sr., to discuss your needs for any of the following legal services involving residential or commercial real estate:
• Attorney review of the broker-prepared contract
• Assistance in understanding the real estate contract
• Preparation of Addendum (changes) to Agreement of Sale, if necessary;
• Attorney-prepared Contracts
• Review of inspection reports
• Assistance in the resolution of any inspection issues
• Review of mortgage commitment
• Order/review of title documentation and title insurance
• Review of survey and legal description of the property
• Preparation of Deed and Affidavit of Title for closings
• Attendance with the client at Closing
• Preparation of Leases