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Residential Real Estate Closings: What You Need to Know From Pre-Contract to Closing, Day 1

Length: 2 hours 44 minutes

This program will cover the basics of the purchase and sale of cooperatives, condominiums and houses. The panelists will review forms of ownership, pre-contract due diligence, transfer and mortgage taxes, title insurance and lien searches. The program will also cover the contract of sale, including a review of the loan contingency clause and other most frequently negotiated contract provisions, general estate planning considerations, commonly encountered problems (such as combined apartments), and “how to” close a transaction. The course materials will contain the latest forms and necessary check lists. 

CLE credit: New York: 3.0 total: 2.0 skills, 0.5 professional practice & 0.5 ethics. New Jersey: 3.0 general MCLE. California & Pennsylvania: 2.5 general MCLE.

Agenda

6:00 –6:05 pm        Introduction
                               Mindy H. Stern

6:05–7:00 pm        Pre-Contract Due Diligence
Overview for Coops, Condos and & 1-3 Family Residences
Special Considerations for Coops and & Condos
                              David L. Berkey & Mindy H. Stern

7:00–7:50 pm        Contract of Sale
                               Alvin Schein

7:50–8:00 pm        Break

8:00–8:45 pm        Title Issues
                              Kristin V. Bellouny

8:45–9:00 pm        Questions & Answers


Original Recording Date: 9/22/2014


Produced By:

New York City Bar Association

Course Materials

  • *Residential Real Estate Closings: What You Need to Know From Pre-Contract to Closing, Day 1
  • Affirmation Document