Legal Question in Real Estate Law in New York

If I sell propert in NY state with a land contract - when the contract is signed what would be done for that "closing"? There are no negotiations needed. When it is paid off what would be done for that closing?

Asked on 4/22/10, 8:01 pm

1 Answer from Attorneys

Michael Markowitz Michael A. Markowitz, PC

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Generally, a closing consists of delivery of deed in exchange for money.

Mike.

Answered on 4/28/10, 5:04 am

Mark as helpful

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