It is essential to have a real estate attorney’s guidance in the purchase or sale of a single-family home, townhouse, condominium, new construction residence, vacation-home or other residential property. JM LAW GROUP represents numerous buyers and sellers of residential properties in Pennsylvania and New Jersey. Some of the vital functions that we perform on behalf of clients who are purchasing or selling residential properties include:
- negotiating and/or reviewing Pennsylvania Agreements of Sale
- reviewing Agreements of Sale during the “Attorney Review” period in New Jersey
- negotiating and/or reviewing any amendments to the Agreement of Sale
- negotiating repairs and/or credits following home inspection
- reviewing loan documentation including the mortgage, note and escrow statement
- reviewing the commitment of title insurance
- reviewing and explaining all condominium documentation
- attending settlement with the client
- acting as Power-of-Attorney for buyer or seller at settlement
- reviewing the settlement sheet, affidavits and all other closing documentation
- coordinating with real estate agents, lender and title company for settlement
- recovering escrowed funds due to a breach of contract
- advising on required property disclosures to third parties
- advising on zoning issues, environmental issues, easements and ordinances
- deed preparation and recording
Over the past several years, we have also developed a niche practice within our residential real estate group working with sellers of distressed homes. We have handled hundreds of short-sale negotiations on behalf of our clients with all of the major lenders including Bank of America, Wells Fargo, PNC, and Chase. Our full-service short-sale program allows your realtor to focus on finding a buyer for your home, while we handle all communications and negotiations with your lender. We handle both traditional short-sales and short-sales that are part of the government sponsored HAFA program.