Question from Alias, When Should a Buyer’s Attorney Conduct Title and Lien Search in NYC?
Answer from AI:
When purchasing a co-op apartment in New York City, the buyer’s attorney should conduct the title and lien search after the contract is signed but before seeking board approval. This approach ensures that any potential issues with the property’s title are identified early, allowing the buyer to address them promptly. Conducting the search at this stage helps avoid delays or complications later in the process, such as during closing. It is important to note that while the title search is a critical step, the specific timing may vary based on the unique circumstances of each transaction. Therefore, consulting with a legal professional is advisable to navigate the complexities of co-op purchases effectively.
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