Closing costs of purchaing a condo in Brooklyn NY

The closing cost doc received from the sponsor of the property indicates that the legal fees of sponsor’s attorneys in the amount of $2k will be payable by a purchaser. Is it common and negotiable?

Asked on June 25, 2009 under Real Estate Law, New York

Answers:

MD, Member, California Bar / FreeAdvice Contributing Attorney

Answered 11 years ago | Contributor

Interesting.  Your best bet: contact the New York State Banking Department and inquire with that agency. Is this the settlement attorney? Or is this simply legal counsel solely for the seller?

Here is the link: http://www.banking.state.ny.us/


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