When buying or selling property in New York, the closing process can feel overwhelming. Between complex contracts, strict timelines, and significant financial transactions, even small mistakes can cause costly delays. An escrow attorney plays a critical role in ensuring that every part of the real estate closing is handled properly, securely, and on time.



At Law Offices of Harjot Singh P.C., we can provide legal assistance to the New York public throughout the real estate process, including escrow matters and closing procedures.

What Is an Escrow Attorney?

An escrow attorney oversees the legal and financial steps required to finalize a real estate transaction. They act as a neutral third party responsible for safeguarding funds and documents until all contract conditions are met. In New York, where real estate transactions involve detailed legal requirements, an escrow attorney helps protect both the buyer and the seller.

Why an Escrow Attorney Is Important in New York Closings

1. Ensures Compliance With New York Laws

Real estate transactions in New York involve numerous legal requirements, including disclosures, contract terms, and title-related regulations. An escrow attorney reviews all documents to ensure compliance and prevent legal disputes later.

2. Protects Client Funds

The attorney holds earnest money deposits, down payments, and closing funds in an escrow account. They release these funds only after all contractual obligations are fulfilled, providing secure financial protection for both parties.

3. Coordinates With All Parties

A real estate closing often includes buyers, sellers, agents, lenders, title companies, and inspectors. The escrow attorney ensures everyone completes

required steps, helping avoid delays and miscommunications.

4. Reviews and Prepares Documents

They review or prepare:

• Settlement statements
• Closing disclosures
• Loan documents
• Deeds
• Title documents
• Tax forms

Their attention helps catch errors or omissions early in the process.

5. Facilitates a Timely Closing

Unexpected issues—such as title defects or missing documents—can derail a closing. An escrow attorney identifies and resolves these issues before they become major problems, helping ensure a smooth closing day.

6. Provides Legal Guidance

Unlike title companies, an attorney can offer legal advice, explain contract terms, and answer questions about your rights and responsibilities during the closing.

How an Escrow Attorney Helps Buyers

For buyers, an escrow attorney works to ensure:

• The title is clear and free of liens
• Funds are safely transferred
• Loan conditions are met
• Closing documents match agreed-upon terms
• All legal rights are protected

They help buyers avoid unexpected financial or legal surprises after the closing.

How an Escrow Attorney Helps Sellers

For sellers, an escrow attorney ensures:

• Accurate payoff of existing mortgages
• Proper handling of buyer deposits
• Compliance with disclosure requirements
• No contractual violations
• A secure transfer of proceeds

They also handle final legal documents needed to transfer ownership.

The Value of Having Legal Support Throughout the Closing

Real estate deals involve major financial commitments and complex legal steps. Having an escrow attorney involved reduces risks, increases transparency, and streamlines the entire process. Whether you are buying or selling in New York, proper legal guidance can make the difference between a smooth closing and a stressful one.