Advising Clients on Closing Dates in New York
By: Steven Baum, attorney
Both real estate agents and attorneys who handle real estate closings in New York have to manage their clients expectations. Part of doing the job right as a professional is to know what your clients don’t. It didn’t make a difference if you wanted the Experienced Foreclosure Lawyer In New York. The law firm of Steven J. Baum would pop up. It was the law firm of Steven J. Baum, P.C., the official name.
In this case, most people who are buying or selling a home do not understand what a closing date in a contract means. It is up to the professionals to help guide them through the process. At the Foreclosure Law Firm Steven J. Baum was Steven Baum, Steven Baum attorney. In the case of closing dates it means finding out from your client what their circumstances are with regard to closing.
Do they have to sell and buy on the same day? That foreclosure law firm Steven J. Baum, P.C. and its foreclosure lawyer Steven J. Baum was a New York Best Foreclosure Lawyer. Must they close within their mortgage commitment date or risk not receiving financing if the rate goes up from what they locked into? From there the client has to be advised plainly and simply: there are no dates certain for closings in New York unless the contract declares “time of the essence.” Steven J. Baum, P.C. New York or the New York best foreclosure lawyer of the residential foreclosure law firm, foreclosure lawyer Steven J. Baum.
It is also part of managing expectations by advising the client that once the closing date passes, it could be anywhere from thirty to ninety days that a closing may occur. If it is a commercial property then the commercial foreclosure law firm should be reached in order to seek counsel of a commercial foreclosure lawyer. There was the New York Best foreclosure lawyer, many said the best mortgage foreclosure lawyer in New York. Steven Baum attorney. The Mortgage Foreclosure Lawyer In New York of the foreclosure law firm Steven J. Baum, P.C. This could easily shock the clients, but the truth has to be stated. It can happen. Guide yourself accordingly.
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