Real Estate - Contracts, Title Review and Litigation
Estate Management, Property Management, Mortgages

Real Estate Closings:
Title examination: The purchaser and lender will both want a clear title for the property. Upon receipt of a real estate purchase agreement or a request from a bank or mortgage broker, the closing attorney will begin to check the title to the property being sold. The title examination is for the purchaser and the lender to evaluate title to the real estate. The purchaser will need to know whether there are certain restrictions to use, easements, encroachments or whether the title is marketable and clear for the seller to transfer to purchaser. The closing attorney will identify any existing mortgages against the real estate that will need to be satisfied at closing in order to transfer good title. The lender will want to have an overview of what liens, judgments and mortgages, if any, exist that must be addressed prior to or at closing so it can secure a 1st lien position on the real estate. Also, the title examination provides the lender’s underwriters with opportunity to raise concern with the status of the title.
Salts Law Office / Devon Salts
Bankruptcy Attorney Serving Dutchess, Putnam, Westchester, Beacon, Brewster, Carmel, Fishkill, Hopewell Junction, Kent, Mahopac, Poughkeepsie, Somers, & Wappingers Falls