During a New York real estate closing, the buyer's attorney discovers a lien that was not disclosed in the title report. The seller's attorney claims the lien is invalid and should be ignored. What is the most appropriate course of action?
Correct Answer
D) Postpone the closing until the lien issue is properly resolved and clear title can be provided
The closing should be postponed until the lien issue is properly resolved through appropriate legal procedures. Clear title is essential for the buyer, and disputed liens must be resolved before transfer of ownership.
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A New York real estate agent prepares a purchase offer using a standard form contract. After the seller accepts the offer, what typically happens next regarding attorney involvement?