When an individual in New Jersey makes the decision to purchase or sell real estate, they will have to undergo a lengthy process before the transaction is finalized. The last day of the real estate transaction process is known as closing day. Regardless of whether the individual is the buyer or the seller, they will have responsibilities when it comes to the last day of the process.
For the buyer, the closing day is very exciting because it is the day they officially get the keys to their new property. This often marks the start of a new chapter in one’s life. At the closing day, the buyer will have to make sure all closing costs are paid and will be required to sign a significant amount of paperwork related to the ownership of the property and the responsibility associated with the mortgage.
For the seller, the closing day can be a little different. In fact, the seller doesn’t actually have to attend the closing meeting as long as they have submitted all of the necessary paperwork before the meeting. This is when the seller will have to hand over the keys to the property and relinquishes ownership of the property.
If you need assistance from a real estate attorney, contact our firm today.
The dedicated and compassionate attorneys at Vigilante Law Firm, P.C. would be happy to provide you with assistance in your case and help you protect your future when so much is on the line. Contact us today to schedule a consultation so we can assess the specific circumstances surrounding your lawsuit.