Residential Real Estate Closings During COVID-19:
Tips, Traps and How to Make it All Work (OnDemand)
Originally held on Thursday, June 18, 2020 | 3:00 pm - 4:00 p
Program Fee:
Free for Members | $50 for Nonmembers
CLE Credit:
New York: 1.0 Skills
New Jersey: 1.2 General
California: 1.0 General
Pennsylvania: 1.0 General
Connecticut: Available to Licensed Attorneys
Please Note: Newly admitted NY attorneys cannot fulfill ethics or skills credits through our on-demand programs under OCA rules. For more information on this, please see http://www.nycourts.gov/attorneys/cle/changes_for_2016.shtml.
Description:
COVID-19 has resulted in unprecedented interruption in the rendering of
traditional legal services—especially the purchase and sale of real
estate. Looking primarily at residential transactions (but with much of
the discussion equally applicable to commercial deals) this program will
make reference to some pre-contract concerns and CV-19 needed contract
provisions and bore-down into the new normal of remote closings. With
closed offices and social distancing the rule in all cases , how do you
take the “old” normal—a room filled with buyers, sellers, lawyers,
lenders, brokers and title agents-- and make for a smooth transfer of
title and loan closing with all working remotely. It can and is being
done.
In this hands-on program you will learn about remote verifications,
electronic and remote notarization, gap title insurance coverage,
orchestrating all parties for the closing and , getting all funds in the
correct amounts to the right place, all culminating (hopefully) in the
successful transfer of title and funding of a mortgage loan.
Tips and traps will be emphasized.
Click Here to View Program Agenda & Faculty
Program Co-Instructors:
Matthew C. Cahill, Vice President, Corporate Underwriting Counsel, First American Title Insurance Company
Jeffrey A. Margolis, The Margolis Law Firm
Sponsoring Association Committee:
Real Property Law, Jason T. Polevoy, Chair