Services

       Providing all of the following information to your attorney immediately after signing a sales contract will likely result in your purchase being handled
efficiently and with less hassle:

1.        Copy of fully executed contract for sale;
2.        Name of the sellers attorney;
3.        Name and address of the bank or financial institution from which you are otaining mortgage financing;
4.        Copy of mortgage commitment letter. (This is to be provided immediately upon receipt).

REMINDER:                If you are obtaining a mortgage to finance the purchase of the property, it is our receipt of the mortgage commitment letter which
triggers moving the purchase forward to closing. Until the commitment letter is in our possession, we cannot advise the sellers attorney that the financing
is in place and that we are ready to close. Once we have the mortgage commitment letter, we advise the sellers attorney and the sellers attorney
forwards to us a survey, title search, proposed deed and all other documents necessary to close. Generally speaking, those documents must thereafter
be approved by the attorney representing your bank and often title insurance must be obtained.

The key to an expeditious and successful closing for you as a buyer is to have all your information ready to go as early as possible to provide to the bank
or financing institution. They often request detailed verification of your income, employment, assets and so on. They always obtain a credit report and an
appraisal of the property.

It is important to keep after your loan officer. Always provide them with all the information they need as quickly as possible and do not hesitate to remind
them that you have a closing deadline coming up and that you are anxious to get things done.

CLOSING DATE: The closing date set in the contract is a ball park date. Rarely do closings take place on the exact date set in the contract. Often the
key factor in setting the closing date is the bank’s schedule because without the bank’s money there can be no closing.

       Providing all of the following information to my office immediately after signing a sales contract will likely result in your sale being handled more
efficiently and with less stress and hassle.

1.        Fully executed contract for sale;
2.        Your Deed or complete legible copy of your Deed;
3.        Your original Abstract of Title (Title Search);
4.        Survey map from your purchase (or at very least the name of your surveyor);
5.        Tax receipts showing taxes paid for preceding year;
6.        Recent bank statements showing outstanding balance on your mortgage and/or home equity loan;
7.        Name of the buyers attorney and bank at which buyer is seeking mortgage
8.        New York State Law requires Sellers who have well water and private septic systems to obtain water and septic tests through their county health
department. Well water and private septic systems must pass the inspection in order to transfer the property. Contact the County Health Department for
your County directly to arrange for the testing. Cattaraugus County: 1701 Lincoln Avenue, Suite 4010, Olean, NY 14760, Phone Number 716-373-8050.
Allegany County: 7 Court Street. Belmont New York 14813. Phone: 716-268-9250

REMINDER:

       SURVEY: Typically the seller pays for the survey unless you negotiate otherwise.

       TRANSFER TAX: This is a tax paid on every property transfer (Deed stamps) by the Seller. The tax is computed as $2.00 on every $500.00 of
value.

       EXAMPLE: $50,000.00 sale divided by $500.00 equals 100 x $2.00 = $200.00 tax.

       ABSTRACT/TITLE SEARCH: Seller pays to update title to time of closing. The price varies based on how long it has been since the last update. The
update will show whether taxes are paid to date; outstanding mortgages or equity loans on property and whether there are any liens, tax warrants, or
other encumbrances on the property. It is the sellers obligation to provide clear title to buyer by time of closing. Please alert me immediately if you expect
a lien or other encumbrance to show up on your title or if you think a neighbor may have a problem with an existing boundary-line. Removal of a lien or
encumbrance or resolving a line-line problem may result in additional legal cost.

       CLOSING DATE: The closing date set in the contract is a ball park date. Rarely do closings take place on the exact date set in the contract. Often
the key factor in setting the closing date is the bank’s schedule because without the bank’s money there can be no closing.




Practice Areas

		PERSONAL INJURY AND INSURANCE CLAIMS: Carl R. Vahl has substantial experience handling many types of personal injury and insurance claims, including, but not limited to the following: • Automobile and Motorcycle Accident cases • Neck and Back Injuries, including herniated, ruptured and bulging disc injuries • Defective Products • Broken Bones • Scarring • Burns • Wrongful Death cases • Premises accidents • Infant Actions and Settlements • Slip and Falls • Trip and Falls • Construction site injuries While Carl R. Vahl does not directly handle medical malpractice I have relationships with leading firms in this area which provide such services. Real Estate: Carl R. Vahl represents clients in a wide variety of real estate transactions and matters including: • Purchase and sale of private residences and land *(See bottom of this page for important information for home buyers and sellers.)* • Purchase and sale of commercial buildings and mobile home parks • Residential leases • Commercial leases • Refinancing • Preparation of private mortgages, notes and security agreements • Business transactions secured by mortgages and other collateral Family Law: Carl R. Vahl has extensive experience handling a full range of family law matters, including • Divorce, including large asset cases, highly contested and uncontested divorces • Legal Separation and Separation Agreements • Custody and Visitation Disputes • Child Support • Adoption • Premarital agreements • Paternity Family law matters should not be taken lightly. You need quality legal help to get through this most difficult time. Wills and Estate Planning: Carl R. Vahl has substantial experience in the preparation of: • Simple Wills for persons with assets under a million dollars. • Health Care Proxies. • Living Wills and Health Care Declarations. • Durable Powers of Attorney. • Elder Law and Planning Issue.s Estates: Carl R. Vahl provides services covering: • Probate of Wills and Estates (for person who dying with a Will) • Administration of Estates (for persons dying without a Will) Corporate, Limited Liability Company and Partnership Law: Carl R. Vahl has substantial experience in corporate, limited liability company and partnership law. Services include: • Formation and counselling of Corporations. • Formation and counselling of "Not for Profit" Corporations. • Formation of and counselling of Limited Liability Companies. • Formation and counselling of Partnerships. • Preparation of Shareholder, Partnership and Operating Agreements. • Business counseling. • Negotiation and Preparation of Buy-Sell Agreements and Commercial Transactions. • Business related lawsuits. Carl R. Vahl regularly counsels business clients in connection with their periodic requirements for various transactional work such as leases, contracts, employment agreements, loans, agreements, employee relationships, etc. Carl R. Vahl also regularly represents clients in litigation, mediation, arbitration and legal claims arising from all forms of business relationships and disputes. • Commercial Debt Collections Our office is equipped with the latest technology and is available to provide debt collection services for small, medium and large sized businesses. Landlord and Tenant Law: Carl R. Vahl has extensive experience representing Landlords of commercial and residential properties as well as mobile home parks operators. General Practice: If the above listing of services doesn't cover your legal problem or question contact me and I will speak to you at no charge. If I can't help you I will do my best to refer you to a quality attorney who can.