The offices of SHANE AND WHITE, LLC have handled both residential and commercial real estate transactions. Since the transfer of property in New Jersey is extremely complicated, there are many issues that may arise. Some of these issues may include: contracts, title, deed or zoning restrictions, taxes and legal ownership of the property, environmental problems, and structural flaws involving the roof, plumbing, heating, or electrical systems.
An attorney can guide you through the many aspects of purchasing or selling real estate by: preparing or reviewing the contract and making those changes which would protect your interests; helping you get answers regarding inspections to the systems in the property; assisting you with your mortgage commitment; obtaining and reviewing the searches and survey of your property; preparing all of the closing documents; recording and reviewing the deed and mortgage; canceling existing mortgages and liens against the property; and obtaining the title insurance policy and providing them to both your bank and you.
When an attorney represents you as seller of property, the attorney must: prepare the deed; survey the affidavit of title; calculate the realty transfer tax which a seller pays to the State of New Jersey when selling real estate; calculate the real estate commission; and cooperate with the buyer's attorney in preparing final closing documents.
Attorneys will charge you an attorney's fee and will also obtain the reimbursement for the costs which may include but are not limited to title searches, surveys, recording costs, express mail and title insurance.
