Battaglia Law, PLLC (“Closing Agent”) has been engaged to serve as the closing agent in your purchase transaction. In this capacity, Closing Agent shall prepare the necessary documents that will consummate the transaction contemplated by the Contract for Purchase/Sale executed between the parties (“Contract”); ensure that the applicable settlement documents are properly executed; ensure that costs and expenses are allocated between the parties pursuant to the terms of the Contract; arrange for the collection, payment, and disbursement of closing proceeds and costs; arrange for the recording of appropriate documents in the public records; and arrange for the issuance of the title insurance commitment and policy.
Unless and until a separate Agreement of Representation is executed, no attorney-client relationship has been created by virtue of this engagement. If you anticipate that any documents will be executed via a Power of Attorney, this must be reported to Closing Agent, with a copy of the Power of Attorney document provided to Closing Agent immediately.
If more than one individual is purchasing this property, unless a contrary indication is indicated to Closing Agent in writing, title will vest as follows:
- Married individuals: title will vest as tenants by the entirety
- Unmarried individuals: title will vest as joint tenants with the right of survivorship
If you have not engaged Battaglia Law, PLLC as your lawyer in this transaction, our office will be happy to answer questions regarding vesting of a general nature to allow you to make an informed decision. However, should you have specific questions regarding which vesting option may be best your specific situation, you should direct such questions to your attorney, if you have one.
If you have a lender, a survey will be required. In some situations, your seller may have a survey that satisfies this requirement. However, sometimes a new survey is required. If a new survey is required, you hereby authorize Closing Agent to engage a surveyor on your behalf, with the charges for said survey to be paid at closing. However, you acknowledge that, in the event that this transaction does not close, you will still be responsible for these charges, and will pay the surveyor directly.
To assist Closing Agent in efficiently handling your closing, please timely provide the below information: