Good luck and best,
Unwavering Commitment to Service, Unsurpassed Results
Just to keep it clear.
just a quick addendum to Nayna's addendum.......we, as agents, cannot change the attorney review or "stipulate" that the time period can be counted using calendar days.......the attorney review is written and set forth by the NY Supreme Court!!!
One more time...........The attorney review begins the FIRST BUSINESS day following the receipt of a fully signed/initialed contract by the buyer and seller....it doesn't have to end within 3 business days - it just has to begin within that time frame, otherwise the contract, as written, becomes binding. The attorneys may agree to extend it.
And on that note.....pleasant dreams everyone!
Until the buyer initials the change AND you receive a copy of the intialed contract, the attorney review doesn't officially begin.
The fully signed contract is supposed to be returned to YOU, not necessarily the attorney, as there is no requirement that you use an attorney. In parts of the state the title company handles the closing....whereas in my part of the state usually the attorney handles it all.
We, as agents, strongly urge buyers and sellers to use the services of an attorney, but, as per Opinion 26, it is not required...just highly suggested. We, as agents, cannot give you legal advice.
Check with your agent to see what the current status is......he or she should know.
I hope that's helpful... if so, click the "thumbs up" below,
Joe Montenigro REMAX Home Team
Broker, GRI (856)374-2800 x106
Serving Gloucester Twp, Washington Twp & South Jersey Real Estate Markets
Note- Email me directly for follow up questions or answers, I don't monitor this forum for replies.