Our Office: 3884 Amboy Road, Staten Island, New York 10308
William J. Newstad, Attorney at Law
Attorney Profiles Real Estate

Staten Island Bank Attorney and Settlement Agent Facilitates Closings

Reliable representation for lenders and impartial service to all parties

A tremendous amount of labor goes into preparing a real estate transaction, but it’s all for naught if the deal doesn’t close. Since 1997, William J. Newstad, Esq., Attorney and Counselor at Law has played an integral role in residential and commercial real estate closings in New York and New Jersey. Our experience extends beyond representing the interests of buyers and sellers to representing lenders at closings and acting as the impartial settlement agent to facilitate closings.

Lender’s representative at commercial and residential real estate closings

Banks and private lenders have to protect their interests in any real estate transaction they finance. As the banking attorney, we examine all aspects of the sale from the lender’s point of view. Whether the financing consists of a first mortgage, refinance or equity line of credit, we review all loan documents to ensure the terms and conditions are sound. We can even conduct our own title search. We then attend the closing to ensure the transaction is finalized according to the lender’s satisfaction.

We also assist banks in loan payoffs by preparing a payoff letter and other documents necessary to memorialize mortgage satisfaction. At closing, we oversee the transfer of certified funds from the borrower to the lender.

Reputable Staten Island attorney acts as settlement agent in NY and NJ

A successful closing requires oversight from a trustworthy, independent party capable of fulfilling certain fiduciary duties. William J. Newstad, Esq., Attorney and Counselor at Law acts as a settlement agent for commercial real estate and residential real estate closings, performing various tasks, including:

  • Receiving deposits and holding those funds in trust
  • Drafting closing documents, including the HUD Settlement Statement, and making sure all of the lender's necessary terms and conditions are met
  • Assembling all pertinent legal documents
  • Reviewing the title search and survey to ensure defects are discovered and cured
  • Securing title insurance
  • Closing the loan for the lender

Contact a trustworthy Staten Island attorney to facilitate your real estate closing

William J. Newstad, Esq., Attorney and Counselor at Law oversees residential and commercial real estate closings on behalf of lenders and as an impartial settlement agent. For further information about the range of our closing services, schedule a free initial consultation in our Great Kills Town office, near the Great Kills train station. Call today at 718.815.5800 or contact our office online.

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