Legal Question in Real Estate Law in New York

real estate closing

i am selling my home, yesterday was the closing, after all the papers were signed by both parties, thelaw firm representative announces the funds from the bank have not been recieved, my house is now sighed over to the new owner, my mortgage is not paid off, and i did not get my check i have called this firm today a get one excuse after another about this situation. HELP


Asked on 9/21/05, 7:54 pm

2 Answers from Attorneys
Walter LeVine Walter D. LeVine, Esq.

Re: real estate closing

I raise the same question as Bob. Was this a "dry closing", which means all documents were signed, but will be held in escrow until the closing funds are received and cleared? If not, you should not have delivered anything until you received good checks. If this is not resolved today, contact your closing lawyer to see what happened. If you did not have a lawyer, check with the title company, who probably had a representative at the closing to see what is going on. Should this be, and I do not anticipate it was, some type of fraud, immediately contact an attorney, as you must protect yourself.

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Answered on 9/22/05, 11:39 am
Robert R. Groezinger GroezingerLaw P.C.

Re: real estate closing

are you certain that the closing was not done in escrow. Feel free to call me ..maybe there is something that you are missing?

Good Luck

RRG

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Answered on 9/21/05, 11:16 pm


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