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Attorney Review<br />
This section has been prepared with the assistance of Gerald B. Klein, Esq., and Miriam B.<br />
Weinstein, Esq.<br />
Once both parties have signed the contract, the three-day period of attorney<br />
review begins. You will want your attorney to look at your contract immediately<br />
and iron out any issues, so make sure, when signing, that both you<br />
and the lawyer are available during this period. Don’t sign a contract the day<br />
before you are going out of town to your brother’s chasunah; the brief window<br />
of attorney review is your best chance at catching major problems in the<br />
phrasing of your contract.<br />
If the lawyer finds something problematic in the contract, he or she will negotiate<br />
to have it changed or send a letter of disapproval, which terminates the<br />
contract without a penalty. When both parties have approved the contract,<br />
you will give your deposit to the lawyer, who will hold it in escrow until closing.<br />
Choosing a Lawyer<br />
Choose an attorney based on positive recommendations from friends, family,<br />
or your real estate agent. If accepting your realtor’s recommendation, be<br />
WE ARE FAST. With staff in Israel and Lakewood,<br />
our round-the-clock team can prepare you for<br />
your closing in record time.<br />
732.905.9400 • WWW.MADISONTITLE.COM<br />
2017 Lakewood Home Buyer’s Guide | 63
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