Escrow & Title
In New York, the attorney for the seller typically conducts the closing, which involves:
AThe buyer's bank funding the loan without attorney involvement
BReviewing documents, handling fund transfers, and recording the deed✓ Correct
CA title company acting as a neutral escrow agent
DThe DOS overseeing all document signing
Explanation
New York is an attorney closing state. The seller's attorney (and often the buyer's attorney) conducts the closing, reviewing documents, coordinating fund transfers, and ensuring the deed and mortgage are recorded.
Related New York Escrow & Title Questions
- In New York, which type of deed is most commonly used in arm's-length residential sales?
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