Steps For Your Sale Closing When Working With Gangani Lawyers:
We must formally be retained as your lawyers to represent you on your sale transaction. This is done by first speaking to one of our lawyers and entering into a Retainer Agreement which is an Agreement to hire us as your lawyers or confirmation from us that we act on your transaction. Ensure you have the correct lawyer of record for your real estate transaction. Al-Rahim B. Gangani and Al-Mehtaab Gangani (ali@ganganilaw.com) are the two Partners who practice Real Estate Law at our firm.
After we are retained to act for you:
This page will outline items that you will need to provide us and tasks to think about when you have sold or are selling your property
1) We need you to provide us with a copy of the agreement of purchase and sale.
2) Marital status for each owner.
3) Current Mortgage and Line of Credit Information. We need the institution and mortgage number. Sending us a bank statement is usually the easiest.
4) Property Tax bill. We need a copy of this bill together. Please confirm with our office how much you have paid for property taxes so we can do a proper adjustment. If your bank Lender pays the taxes let us know.
5) Your insurance company – you will need to cancel your home insurance and utilities for the date of closing and arrange final utility meter readings. Make sure to advise your insurance company of any closing date changes. If there are any rental items, please advise us immediately and obtain the assumption documents from the utility companies. You are responsible for cancelling your utilities. These companies prefer that you contact them directly before the date of closing. In addition to these utility companies, cable and phone need to be contacted.
6) If you have sold a property, you should vacate the property as early as possible on the date scheduled for closing.
7) Bring property keys to our office and/or bring one key to our office and leave all other keys and items such as garage door openers, survey, key fobs, etc. You may also leave the keys in a lockbox and provide us with the code on closing.