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NJSLAW CLE: Mortgage Contingency Clause and Ethical Issues in NJ Real Estate Contracts

Posted by Alexander Novak | Mar 15, 2017 | 0 Comments

Live Webinar on April 3, 2017 @ 3:00 PM. Register Here! The mortgage contingency clause is one of the most important clauses in real estate contracts. However, many attorneys don't bother to read it. This is a mistake since the terms of the clause, which may differ from contract to contract, can have an immense impact on your client.

In this program, Alexander Novak and Kim Juhase, will provide an overview of this clause and will discuss the problems that could arise if the wrong language is used. In the second half of the program, they will discuss possible ethical problems that might arise in real estate transactions. They will also provide a brief overview of NY law for those who are dually admitted.

By the program's end, Juhase and Novak will aim to answer the following questions:

  • What are the best terms for the Buyer or the Seller?
  • To whom must the Buyer apply for a mortgage loan and in what time period?
  • Do conditional commitments satisfy the contract?
  • What happens when a mortgage commitment is revoked by the lender?
  • How can one avoid malpractice or a grievance complaint in real estate transactions?

Learning Objectives:

  1. Understand how different terms on a mortgage contingency clause affect your client
  2. Learn how to avoid ethical problems in real estate transactions

Click here to register!

Access Live Webcast:

Most Lawline members have unlimited access to all 350+ annual live webcasts and 1,500 hours of on-demand courses.

Login here using your member ID and password. Not a member? Join here. If you are only interested in purchasing this course, click add course to cart in upper right corner. Call or email with questions: 1-877-518-0660

About the Author

Alexander Novak

Partner | Alexander Novak  has represented professionals in high profile white collar crime matters including obtaining complete immunity for a co-conspirator in the largest inside  trading case in US history, US v. Martoma, and recently obtained acquittals of two doctors in a medical insurance fraud case....

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