by William S. Nathanson and John
L. Cipriano, Jr.
Every Connecticut lawyer who closes
residential real estate transactions will encounter questions, problems
or unfamiliar practices or customs before, at, or after the closing.
This handbook, whose authors each have over 25 years experience in
the field, provides the practitioner with a practical guide to the
most common issues and problems arising prior to, at the closing, and
after the closing and various ways, and forms to handle these issuesin
an orderly and propee manner. The book can be taken to closings, and
the forms easily accessed and used right there.
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Contract preparation (contract
forms, including Hubbard Clauses) |
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Crossing counties to close |
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Mailing payoffs to lender |
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Quitclaim Closings |
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Title issues (no releases
at closing, bad deeds, name problems) |
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Paying the tax collector |
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Mortgage contingency extension
letters |
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Possession issues |
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Recording the deeds (necessity
for bring down, timing after the closing) |
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Back to back closings (sale-buy) |
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Damage to home discovered
at preclosing inspection |
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Following up on releases
whether acting as seller' or buyer's lawyer |
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Closing by mail |
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Incomplete contract work |
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Using trustee checks to
pay off mortgages |
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Estimating funds due at
closing |
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Mortgage payoff and 1099
notification and exemptions |
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Recording after delivery
of proceeds check to seller's attorney |
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Scheduling closings with
seller's attorney and lender attorney |
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Sales by foreigners |
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Packaging the loan documents |
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Unreleased but paid (or
presumably paid) mortgages |
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Out of state acknowledgements |
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Common post closing problems |
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Buyer possession or work
at premises prior to closing |
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Interest rates for security
deposits and mortgage escrows |
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Ordering payoffs |
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Wire transfer and available
funds at closing issues |
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Closing customs in various
counties or communities |
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Adjustments at closing (oil,
etc.) |
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Adjustments (taxes, etc.) |
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Closing checklist |
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Inspection extension letters |
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Purchases of new construction
(description, waivers, certificates of occupancy) |
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Title Searching -- review
with client |
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Punch list agreement for
incomplete items |
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Resale certificates |
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Property located in more
than one municipality |
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Now Available
