We helped many of our developers, investors, and individuals close on commercial and residential properties during uncertainties brought on by the COVID-19 pandemic. From the darkest days in the early Spring, we guided our clients through the unexpected “firsts” — like conducting closings outdoors, signing documents in parking lots, and a surprising number of hazmat suits. With the benefit of hindsight, these events have taken a more humorous tone, but these unusual times required creative solutions to ensure that real estate transactions continued to be close efficiently. Since our last update, the County Clerk has resumed filing deeds, mortgages, and other real property filings.
Whenever possible, we are still recommending that closing documents be delivered and held in escrow to minimize human contact between the parties. Where in-person closings are required, social distancing, masks, and other safety protocols are strictly enforced.
With these protections in place, we have largely seen most banks return to their normal practice of live in-person closings. As the prospect of an in-person closing is particularly worrisome for certain high risk groups, we have helped many clients continue to close on a remote basis.
As the COVID-19 pandemic continues to evolve, our attorneys and staff are here to help you. We are always reachable at our regular phone line (315-422-1172), by email, and video conference. If you have any difficulty contacting one of our attorneys or staff by phone or email, please email: info@newmanlickstein.com.
