Buyers

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Who are the largest U.S. title insurance underwriter companies?

The following six companies are among the largest and highest-rated title insurance underwriters in the U.S.: First American Title Insurance Company Old Republic Title Insurance Company Chicago Title Insurance Company Fidelity National Title Insurance Company Stewart Title...

How long does it usually take for a purchase application to get approved by a co-op board?

Who is responsible for purchasing title insurance, the buyer or the seller?

Typically in NYC transactions, the buyer is responsible for purchasing title insurance to protect his / her interests in the property to be purchased.  As a buyer, your attorney will select a...

If I’m working with a real estate agent and I attend an open house on my own (without my agent), should I tell the exclusive seller’s agent at the open house that I’m working with someone (my agent)?

What information and paperwork do I need to provide to obtain a mortgage pre-approval letter from a lender?

During my online search, I’ve seen some under-market value co-op apartment listings for sale with high monthly maintenance fees. What is the deal with these and should I consider them?

What is a proprietary lease and how does it impact me if I purchase an apartment in a co-op building?

Can I obtain copies of all paperwork I signed at the closing, for my records?

For all matters relating to the closing paperwork, you should contact your attorney and request copies of all available documents for your records.  He or she can provide you with instructions and answer...

When I take possession of my new apartment after the closing, can I change the locks to protect against the former owner retaining access to the unit and mailbox?

Generally, at the closing, the seller hands over ALL sets of keys to the buyer and should not retain any access to the apartment, mailbox, storage unit (if applicable), building (if non-doorman)...

If I am planning to use funds that are not currently in a U.S. bank account for the purchase of a property in NYC, when should I transfer those funds to a U.S. bank account?