how long does it take attorney general to approve a land purchase

How long does it take to buy land?

The sale of state land is accomplished primarily through the Office of General Services (OGS). Once state land is deemed no longer necessary for public use, OGS may sell it at a public auction pursuant to the state Public Lands Law. The role of the attorney general is to approve the form of the conveyance of unappropriated state land (by ...

What is the role of the Attorney General regarding state land purchases?

Mar 30, 2016 · The attorney review period lasts three days and begins when each party receives a copy of the fully signed contract of sale. Weekend days and holidays do not count as one of the …

What do I need to do after I buy the land?

A: Closing costs are the fees for services, taxes or special interest charges that surround the purchase of a home. They include upfront loan points, title insurance, escrow or closing day …

How long does it take to inspect a property for sale?

The Attorney General’s authority to issue opinions is controlled by Government Code section 12519. Government Code section 12519 states: “The Attorney General shall give his or her …

Who prepares contracts for real estate in New Jersey?

In New Jersey, most contracts to buy and sell residential real estate are prepared by real estate brokers or salespeople . The contract’s purpose it to set forth the respective obligations of the buyer and seller during the transaction.

How long does a realtor have to consult with an attorney in New Jersey?

However, in New Jersey, each contract prepared by a realtor must contain a clause allowing you to consult with an attorney within three days. For the buyer and seller, this is an important right that should always be exercised.

What is attorney review period?

The attorney review period is the time when both the buyer and seller have the right to consult with an attorney, who can then review the terms of the contract, make changes, or “disapprove” (i.e. terminate) the agreement for any reason (or no reason at all). If the contract is terminated, the transaction is cancelled.

How long does an attorney review last?

All monies paid under the contract (e.g. deposits) are then refunded to the respective parties. The attorney review period lasts three days and begins when each party receives a copy of the fully signed contract of sale.

Do weekends count as a review day?

Weekend days and holidays do not count as one of the days of the review period. Additionally, the day that the buyer and seller each receive fully signed copies of the contract is not counted in the period.

Why is it important to exercise the attorney review period?

In short, it is important for each party to exercise their right to the attorney review period in order to ensure that they understand the terms of the contract and to protect their legal rights.

Is there a standard contract in New Jersey?

In New Jersey, although there is a basic “standard” contract used by real estate brokers or salespeople, one “size” does not always fit all situations. Since a given provision in a contract may be appropriate for one transaction, but not another, an attorney can identify any potential problems and ensure that each party’s interests are adequately ...

What is the role of the California Attorney General?

As the chief law officer of the state, the California Attorney General provides legal opinions upon request to designated state and local public officials and government agencies on issues arising in the course of their duties. The formal legal opinions of the Attorney General have been accorded "great respect" and "great weight" by the courts.

Who can give opinions to the state?

The Attorney General may provide opinions to the state's constitutional officers, which are the Governor, Lieutenant Governor, Secretary of State, Controller, Treasurer, State Lands Commissioner, Superintendent of Public Instruction, and Insurance Commissioner. Opinion requests from the office of a constitutional officer must indicate ...

What does an opinion request from the office of a constitutional officer mean?

Opinion requests from the office of a constitutional officer must indicate that the question is approved by and made on behalf of the constitutional officer. If the request is made by a deputy or assistant, inquiry will be made to verify that it is authorized by the constitutional officer.

Can the Attorney General give an opinion to the Legislature?

Yes. Government Code section 12519 states that the Attorney General may provide an opinion to "any Member of the Legislature.". This refers to the State Senate and the State Assembly, but not to local legislative bodies such as city councils or county boards of supervisors.

Who can the Attorney General provide an opinion to?

Government Code section 12519 states that the Attorney General may provide an opinion to "any Member of the Legislature.". This refers to the State Senate and the State Assembly, but not to local legislative bodies such as city councils or county boards of supervisors.

What does the Attorney General do?

The Attorney General interprets this as permitting opinions to be provided to state-level departments, agencies, boards, and commissions. This does not include local agencies, even when the local agency has been organized under state statutes.

What does an opinion request mean?

An opinion request should indicate that the request is approved by and made on behalf of the principal officer or head of the agency authorized to make the request.

Do title deeds allow access to the adopted highway?

The title must allow access to the adopted highway. When buying a piece of backland (behind a house, for example), be certain that the title deeds allow access from the adopted highway. If a covenant exists on the title that restricts access to one dwelling and there is already a dwelling there, then the new dwelling would be in breach ...

What is the best title?

An ‘absolute' title is the best title. There are two classes of title: absolute and possessory. With possessory title, there is always the risk that someone with a better title than you will be able to come along and claim the title to the land.

Is Ferrari insurance more expensive than Mini?

Insurance is usually available, but at a cost! Generally speaking Michael says insurance is available to cover various circumstances that may arise. “Like all insurance, it’s based on a value. A Ferrari is more expensive than a Mini to insure. It’s the same principle with a house.

What is overage in land?

Overage occurs where somebody selling a piece of land realises there could be potential for development in the future. As such, they would require an uplift in the value of that land once it has gained planning permission (as agricultural land is worth far less than land with planning permission for dwellings).

What happens when someone sells a plot of land?

Michael says that if someone is selling a piece of land they may put in place a covenant which requires the plans and drawings to be approved. This is common when someone is selling a garden plot but they intend to continue living in their existing house. It gives them a degree of control over the new scheme.

When is a deposit paid?

Generally a deposit is paid when contracts are exchanged. As part of the documentation, your solicitor will put together a contract which states the seller’s name, your name, the details of the property, the purchase price, and whether there’s anything else included within the sale.

What is the legal document that a solicitor will put together?

As part of the documentation, your solicitor will put together a contract which states the seller’s name, your name, the details of the property, the purchase price, and whether there’s anything else included within the sale.

What does an attorney do when buying a house?

As with a home transaction, an attorney is going to be a vital partner when you purchase a lot, one who can assist with the many moving parts that go into making sure your real estate project advances forward. That may mean handling routine documents and paperwork, like processing purchase and sale agreements, to be sure.

What can an attorney do for vacant land?

An attorney can help you look into zoning ordinances for the area, allowing you to determine if your lot is zoned for residential development, commercial development, mixed use, or so on.

What can an attorney do for a property?

An attorney can help look into the history of the land, including determining if other developers have attempted to build on the lot previously – and, if so, why they were unable to complete their projects. Helping you to find liens, lawsuits, and other judgments involving the property, or nearby properties. Helping you to find restrictions on the ...

What can a real estate attorney do?

A real estate attorney can assist when it comes to ordering a plat of survey and discovering any easements or other restrictions on the property, such as historical designations or environmental regulations. Land surveys can also help determine the boundaries of the property, ...

What does a land survey do?

Land surveys can also help determine the boundaries of the property, and help determine if there are any legal complications , such as encroachments or disputed boundaries, that might come up. Helping to clear title on the property. Title searches and insurance aren’t just for homes.

What does an attorney do for title?

An attorney can help review title paperwork and ensure that the land is free of judgments or disputes and cleared to be sold, without any title issues getting in the way. Helping to handle recordkeeping, documentation, and financial disbursements.

Is Chicago a real estate city?

Chicago is a city full of real estate opportunities – but it’s important to have the right team by your side as you plan ahead for the project of your dreams. The right attorney will bring a working knowledge of local law, taxes, and more, helping ensure that you get the fairest deal possible, whether you’re looking to build on vacant land, convert commercial properties to residential, or even construct the next skyscraper to dominate the Chicago skyline.

What does every closing reflects?

Every closing reflects the terms set forth in the purchase and sale agreement. You will want to assure yourself that you are receiving everything you bargained for and that all of the conditions and contingencies you put in the purchase and sale agreement have been met.

Where does an in-escrow closing take place?

An in-escrow closing usually takes place at an attorney's or bank's office, where a designated representative, for example, the bank's attorney, will record the deed and distribute the checks at the end of the day or week.

Can you dump trash on vacant land?

People occasionally dump trash or old appliances on vacant land, or cut trees, or remove sand or gravel. You're entitled to take possession of land that's in the same condition as when you decided to purchase it.

Is it wise to buy land?

Purchasing a land property can be a wise investment. Whether you are looking to build a home on the property, cultivate farmland, or want the land developed for any other purposes, it is important to take the right steps after purchase to ensure your plans for the property can be carried out smoothly. After finalizing the purchase, you will need ...

Why is it important to take the right steps after buying land?

Whether you are looking to build a home on the property, cultivate farmland, or want the land developed for any other purposes , it is important to take the right steps after purchase to ensure your plans for the property can be carried out smoothly.

How to get the lay of land for a home?

1. Study the Topographic Map. Before finalizing the sale, you should obtain a topographic map of the property from the seller and check to be sure you know exactly what you are buying. After the sale is finalized, a good first step is to carefully study the map to get the lay of the land. If you are intending to build a home on the property, ...

What to do if you purchased land without fencing?

Establish Boundaries. If the land you just purchased does not already have fencing or natural barriers running along the edges of the property, you will want to establish boundaries. There are many reasons for doing this. If you are preparing farmland, you will want to keep wild animals out, and if you intend to build a home, ...

How to meet neighbors after buying land?

Meet the Neighbors. One of the most important steps after purchasing land has nothing to do with building or finances. By introducing yourself to your neighbors, you not only gain potential friends, but if the neighbors have lived on their property for a long time, they may be able to offer advice on clearing and developing the land. ...

What to do after buying land?

One of the most important steps after purchasing land has nothing to do with building or finances. By introducing yourself to your neighbors, you not only gain potential friends, but if the neighbors have lived on their property for a long time, they may be able to offer advice on clearing and developing the land.

What is the most important thing to do with land?

The most important thing is to have a plan for what you will do with the land; while these steps will always need to be taken in some capacity, exactly how you go about it will depend on your intentions for the land. As long as you take stock of the property after purchase and hire professionals when necessary, ...

What is an ALTA survey?

The most comprehensive survey is referred to as an ALTA survey, based on the standards of the American Land Title Association. An ALTA survey requires a review of all public documents plus a site inspection on the ground. It should include: 1 Confirming or marking the lot boundaries 2 Mapping any buildings or improvements on the property 3 Locating any easements or rights-of-way that cross the property 4 Locating any encroachments such as buildings, fences, or other improvements that don’t belong on your land

What is a well-drafted offer?

A well-drafted offer will protect you against any surprises you discover when further inspecting the physical and, its legal status, or its title. Unless you are an expert, hire a lawyer to prepare your offer or, at a minimum, to review it before submitting it.

How much does it cost to get a property appraised?

If you’re not confident that you can fairly value the land, you can get an appraisal done by a licensed real estate appraiser, typically for $300 to $500. Real estate brokers will often do a free informal “market analysis” of your property if you are a seller.

Do real estate brokers do market analysis?

Real estate brokers will often do a free informal “market analysis” of your property if you are a seller. If you are working with a broker to sell your current property, they may provide the same service for you as a buyer – or if you are working with a buyer’s broker, he or she may offer this service.

Can you make an appraisal a contingency?

This is especially true if the formal appraisal price is well below the seller’s asking price. To avoid spending money on an appraisal before an offer is accepted, you can make an appraisal a contingency of the sale (see Contingencies below).

What is a P&S form?

Most buyers use the real estate agent’s Bid Offer form (also called an “Office to Purchase” and other things) to make an offer on a property and, if the offer is accepted, then use the agent’s Purchase-and-Sales (P&S) form to spell out all the terms of the sale. Remember that both forms are binding, legal documents.

What can a real estate lawyer do?

In particular, a lawyer can help you structure the offer with the right contingencies, and the proper escrow arrangement, to protect you and your earnest money if the property doesn’t meet your needs upon closer inspection.

How much frontage is required for a parcel of land?

The county requires that each parcel of land have at least 50 feet of road frontage on a county road or state highway. If you are buying for investment purposes and are planning to subdivide the property, lots of road frontage is important. Check with the local county planning and zoning folks beforehand. 2.

What is flood plain?

Flood Plain – These are soils that typically flood after a huge rain event and it affects the utility of the property. I used to manage 85,000 acres of land for a timber company. We categorized property by inoperable and operable acres. The inoperable property was generally Streamside Management Zones and Flood Plains.

Is it good to know where the property lines are?

If a neighbor is encroaching on the property you need to alleviate the problem. Property lines that are maintained and painted provide a visual aid to your neighbors so everyone is on the same page and knows where the property lines are! 6.

Why is timber cruise important?

Timber Cruise – Timber cruises are important when buying timberland. First of all the amount and type of timber helps when valuing the property. Secondly, the timber cruise will help when conducting cost allocation on the property. This is the process where you assign value to the timber and the dirt.