What forms would I need to do a real estate closing without an attorney in New Jersey?
I don’t know all of the forms you will need. However, I do know of two that you will have to have. One is a warrantee deed, the other is a HUD Settlement Statement or HUD-1. You can find one in pdf format at: www.hudclips.org/sub_nonhud/ht ml/pdfforms/1.pdf One would generally expect there to be a contract, but that isn’t strictly required. Your county clerk and records office and/or a New Jersey title company would be good resources. I understand wanting to keep costs down. However, you should be able to find an attorney who will supervise a closing for a modest fee. When you consider that real estate agents typically charge 4 to 7% to sell your house, $300 to $500 for an attorney to supervise the closing is nothing. You could also go directly to a title company without real estate agents or attorneys and have them do the closing. On the other hand, if this is a family transfer and there’s no question about who owns what and all the normal particulars, you can do the whole thing with
Related Questions
- My (CPA, attorney, broker, friend, other person) said that buying and selling real estate in my self-directed retirement plan was illegal. Why?
- My (CPA, attorney, broker, friend, other person) said that buying and selling real estate in my self directed IRA was illegal. Why?
- What forms would I need to do a real estate closing without an attorney in New Jersey?
