Real Estate Closings in New Jersey: Does It Matter If It’s North or South Jersey?
If you are buying or selling real estate in New Jersey, it’s important to consider whether you are closing the sale in North or South Jersey. Keep some key differences in mind if you want to move forward without unneeded complications. This article explains the differences and how the Craig Annin & Baxter Law Office can help.
North Jersey If you are buying or selling property in North Jersey, real estate lawyers handle almost every part of the process. They draft and review the sales contract to make sure everything is correct before allowing the sale to move forward. In addition to preparing the contract, lawyers in North Jersey also conduct the title search and prepare the deed. A lawyer will even handle all of the money after closing the deal. For example, lawyers give payments to mortgage holders, the homeowner’s association and utility companies. The seller submits the payment to the lawyer’s trust account, and the transaction can take several days to process. This delay means that the buyer and other invested parties won’t get their money right away.
South Jersey Real estate lawyers operating in South Jersey work with title companies when closing the sale. Title companies perform the title search and manage each step of the transaction. Since title companies keep funds in their account at all times, they can distribute payments before the transaction completes. In other words, everyone gets their check before leaving the settlement table. Although title companies charge a fee for their services, it is worth it because title companies simplify the process and ensure that everyone gets paid on time. Not everyone, however, agrees with South Jersey’s real estate practice. The South Jersey practice was once challenged as an unauthorized practice of law, but the New Jersey Supreme Court ruled in favor of South Jersey’s practice.
Getting the Legal Help You Need No matter if you are closing a sale in North or South Jersey, you need a qualified legal expert in your corner. Your lawyer can give legal advice, draft legal documents and protect your legal interests each step of the way. Get started right away by contacting the Craig Annin & Baxter Law Firm.
FERPA AND PARENTAL ACCESS TO A COLLEGE STUDENT’S GRADES
NEW JERSEY FERPA ATTORNEYS Under the terms of the Family Educational Rights and Privacy Act (FERPA), the release of academic records is restricted. Passed in 1974 and sometimes referred to as the “Buckley Amendment,” FERPA was passed in order to protect the privacy...
DON’T BECOME A SCAM VICTIM.
It has come to our attention that local residents, including a Medford Lakes, New Jersey grandmother, have been victimized by swindles that demand that they make a payment through Green Dot MoneyPak or other reloadable debit cards. These scams have included callers...
WHAT HAVE I WAIVED – OR NOT WAIVED – WHEN I SIGN A WAIVER FOR MY HEALTH CLUB?
In a published decision on August 18, 2014, the New Jersey Appellate Division added a new perspective on the scope of a waiver contained in a health club membership contract. In Walters v. YMCA, A-1062-12T3 the Appellate Division reversed a decision granting summary...
TRAINS AND CARS DON’T MIX
We represent people injured in accidents, including car accidents involving freight and passenger trains. Last month a couple from Hamilton was killed after a River Line train struck their car, which was on the tracks at the time. According to NJ Transit, the driver...
MOUNT LAUREL, NEW JERSEY – MEDICAL EXPERTS AND RECORDS SEMINAR
MEDICAL EXPERTS AND RECORDS SEMINAR On June 18, 2014 I will be part of a distinguished panel of experienced litigators addressing Medical Experts and Records for the National Business Institute. This is a full day program offering 7.2 NJ CLE credits including 1.2...
CIVIL LITIGATION ATTORNEYS
CIVIL LITIGATION LAWYERS Whether it’s guarding the rights of individuals or businesses involved in motor vehicle accident claims, boat owners or marinas insured under marine insurance policies, amusement park owners, or public entities (including towns, cities and...
CAR ACCIDENT INVESTIGATION AND PERSONAL INJURY
When a car crash or other motor vehicle accident happens and people suffer serious injuries or are killed, accident reconstruction and accident investigation is common. Generally, the police and independent private investigators will perform the investigation. Police...
FERRY ACCIDENT THAT INJURED SEVEN UNDER INVESTIGATION
Ferries are a way to get to work for tens of thousands of people every day in the New York City area. The vast majority of ferry trips are done safely and without incident, however accidents happen. If you’re involved in a ferry accident, Jeffrey Craig can help. The...
LESSON FOUR: DIRECT EXAMINATION – THE LAWYER / WITNESS TANGO
For an attorney direct examination is more difficult to do effectively than cross-examination. Cross examination is the trial lawyer’s equivalent of the home run or the booming drive down the middle of the fairway while direct examination is like bunting a runner into...
FOOTBALL, BEER AND THE DRAM SHOP ACT – WHO IS RESPONSIBLE WHEN A DRUNKEN FAN GETS BEHIND THE WHEEL?
If a drunk driver causes an accident and someone is harmed, normally that driver is held responsible for paying for damages and compensation for injuries. Depending on the circumstances, who served that driver the alcohol, may also be legally responsible. NEW JERSEY’S...