Legal Question in Real Estate Law in New Jersey

Closing Time Frame

I signed a contract on November 24th for my brother in law to buy the house i co own with my other 2 siblings and my father. It is now February 1st and the Closing still has not happened, nor do I have any updates on when it might take place. Is it normal for a closing to take this long? I closed my house I now own in less than 30 days.

I do not know what mortgage company he is using, or where in the process it is. I have tried to get a straight answer and all i keep getting is that the mortgage company keeps asking for documents. I was told it was suppose to happen January 23rd but the mortgage company needed a proof of homeowners insurance and that was the last thing supposedly. What are my legal rights to get this closed and recieve my money?

Thanks!!!!!


Asked on 2/01/06, 3:00 pm

1 Answer from Attorneys
Robert Davies The Davies Law Firm, P.A.

Re: Closing Time Frame

A sale between brothers and sisters should not take any longer, usually, than any other closing. 60 days is a bit long to wait. Do you have an attorney representing you in this sale? I suggest that a lawyer may be able to move this sale along more quickly, and will be able to protect your interests.

If you would like, give me a call. My contact information can be obtained from the links below, just click on the Attorney Profile link. Let my secretary know you found me through LawGuru, and I will give you a free initial consultation.

Disclaimer: you can not rely on the advice of an attorney given over the internet. The exact facts of your situation, including facts which you have not mentioned in your question, may completely change the result for your situation.

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Answered on 2/01/06, 3:48 pm


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