Residential Real Estate Closings During COVID-19: Tips, Traps and How to Make it All Work

Originally held on Thursday, June 18, 2020 | 3:00 pm – 4:00 pm

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Program Co-Instructors:

Matthew C. Cahill
Vice President, Corporate Underwriting Counsel,
First American Title Insurance Company

Jeffrey A. Margolis
The Margolis Law Firm

  • COVID-19 has resulted in unprecedented interruption in the rendering of traditional legal services—especially the purchase and sale of real estate. Looking primarily at residential transactions (but with much of the discussion equally applicable to commercial deals) this program will make reference to some pre-contract concerns and CV-19 needed contract provisions and bore-down into the new normal of remote closings. With closed offices and social distancing the rule in all cases , how do you take the “old” normal—a room filled with buyers, sellers, lawyers, lenders, brokers and title agents– and make for a smooth transfer of title and loan closing with all working remotely. It can and is being done.

    In this hands-on program you will learn about remote verifications, electronic and remote notarization, gap title insurance coverage, orchestrating all parties for the closing and , getting all funds in the correct amounts to the right place, all culminating (hopefully) in the successful transfer of title and funding of a mortgage loan.

    Tips and traps will be emphasized.

    Program Fee:
    Free for Members | $50 for Nonmembers

  • 3:00 pm – 3:05 pm
    Introduction & Program Overview

    3:05 pm – 3:15 pm
    The Parties & Concerns

    3:15 pm – 3:50 pm
    E-Recording, Electronic & Remote Notarization, Gap Coverage, Special Lender Issues – Requirements of Lenders & Title Companies – Setting Up the Closing – Instruction for All Parties

    3:50 pm – 4:00 pm
    Best Practices — Question & Answer Session

  • New York: 1.0 Skills
    New Jersey: 1.2 General
    California: 1.0 General
    Pennsylvania: 1.0 General
    Connecticut: Available to Licensed Attorneys

    Please Note: Newly admitted NY attorneys cannot fulfill ethics or skills credits through our on-demand programs under OCA rules. For more information on this, please see http://www.nycourts.gov/attorneys/cle/changes_for_2016.shtml.

  • Sponsoring Association Committee:
    Real Property Law, Jason T. Polevoy, Chair

    Sponsorship Opportunities are Available! Please Contact:
    Angie Avila, Manager, Membership Outreach and Sponsorships | (212) 382-6608 | aavila@nycbar.org

Register for the OnDemand