Strategic Solutions to
Complex Problems
Complex Problems
New York Real Estate Attorney
The Law Office of Shane D. Scott, P.C. represents people in New York with complex matters that can have implications for themselves and their families. Shane D. Scott is a Queens real estate lawyer, representing people interested in residential and commercial property in the New York area.
Real Estate
Whether your real estate matters involve residential or commercial property, having a skilled and experienced attorney go over contracts and other documentation with you is a wise investment. The person purchasing their first home or the business owner selling a building doesn’t want to find themselves in a legal dispute, only to realize that the contract they signed did not take into account the scenario that they are faced with.
Purchase of Residential Property
If the seller’s attorney prepares the initial draft of a contract, the buyer’s lawyer will most often add an addendum, or rider, to the contract prior to negotiations with the seller. Once the contract is signed, the down payment is deposited in an escrow account, a title report is ordered, and information associated with mortgage applications submitted to lenders. Additionally, closing costs must be calculated. The homebuyer’s attorney plays a crucial role in this process.
Sale of Residential Property
The seller’s attorney usually composes the first draft of contract of sale and attaches a rider, or addendum, with additional terms. Once the contract is signed, the seller’s attorney will receive the down payment from the buyer and check the title report for any outstanding issues. If the seller had a mortgage, their attorney will request documentation regarding amount due. A Queens real estate attorney will also prepare closing documents and determine the amount of money due at closing.
Purchase of Commercial Property
The commercial real estate attorney performs several important functions on behalf of their client, whether the purchase in question involves retail, hotel, office, mixed-use, or other types of property investments. A skillful lawyer will review and negotiation the sale contract, investigate any outstanding legal issues, represent their client in financing matters, and calculate costs due at closing. A real estate attorney can also provide valuable insight regarding leasing matters.
Sale of Commercial Property
A commercial real estate lawyer representing a property seller assists with a number of tasks in the sale process, including negotiation of the contract of sale document and determination of closing costs. The property seller’s lawyer is also present for the transfer of title. Should the need arise, the attorney serves as legal counsel in court appearances. A consultation with an experienced real estate lawyer in Queens is a sound idea for those considering selling commercial property.
Bank Closings
Depending upon the type of real estate transaction, a number of issues and documents may be covered in the closing process, including an itemization of all closing costs, lending statement outlining the terms of mortgage loan(s), and the property transfer document (deed). Affidavits affirming statements by one or both parties and documentation regarding homeowner’s insurance coverage are also part of the closing process. An organized real estate attorney is vital to a successful closing.
Short Sales
The short sale of a home may be the best option if threatened with foreclosure. In such a situation, the lender allows for the sale of the property for less than the owner owes on the loan in order to avoid foreclosure. If multiple lenders are involved, each would be required to agree to the short sale. An attorney can assist the property owner in deciding whether a short sale is the best approach under the circumstances.
Contact a Skillful and Experienced New York Attorney Today
Our Queens real estate lawyer is able to assist people with questions concerning residential or commercial property. Contact us today by phone at (800) 230-0744 or online.
Client Reviews
I had the pleasure of hiring Shane as my Real Estate attorney. He is the epitome of professionalism and efficiency. Closing on a house can be convoluted, tedious and stressful unless you work with Shane. There was no problem big enough for him or anything he didn't immediately tackle. I had full...
Shane has been giving me real estate advice even before I hired him as my lawyer. He gives great and sound advice, explains everything and he always return my calls fast.
As a 1st time seller in the borough of Queens and upon a verbal recommendation I utilized Attorney Shane Scott. He was extremely helpful as my closing attorney, and knowledgeable throughout the whole process.
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