Real Estate - Refinances and Lender Representation
Lender
Representation at Closings - The firm provides full closing services for
lenders, including obtaining and reviewing the title search and tax information,
resolving any title issues, issuing title insurance, obtaining proof of hazard
insurance, preparing the HUD form, receiving the net mortgage proceeds, meeting
with the borrowers to execute all loan documents, preparing all checks necessary
to close the loan, arranging for recording of the mortgage and running down
the title, paying off any prior mortgages, paying all real estate taxes which
are due at closing, obtaining and recording any necessary releases, preparing
and submitting the title insurance policy to the lender, and preparing a closing
package for the borrower, broker, title insurance company and lender.
Refinances - In most instances, a lender will require the services of an attorney
to perform the title work, conduct the closing, coordinate the recording of
the new mortgage and pay off the old mortgage. We are approved by various lenders
to represent our clients in connection with the refinance of their home. In
most instances, an additional bank attorney will not be necessary. Retaining
our firm in connection with your refinance allows you to choose your own attorney
who will look out for your interests instead of closing with a bank attorney
whose client is the lender.
Tel: (212) 966-5350 | Fax: (646) 402-5617
