Frequently Asked Questions
Real Estate Closing FAQ
Answers to the most common questions from buyers, sellers and lenders in New Hampshire and Massachusetts.
General Real Estate Questions
Understanding the closing process in New Hampshire and Massachusetts.
Do I need a real estate attorney to buy or sell a home in New Hampshire?
In New Hampshire, an attorney is required to conduct a real estate closing. This differs from some states where title companies alone can close transactions. Having an experienced attorney like those at Foy Law Office protects your interests throughout the entire process — from reviewing the purchase and sale agreement through post-closing document recording.
Do I need a real estate attorney in Massachusetts?
Yes. Massachusetts requires an attorney to conduct real estate closings. The attorney examines title, certifies that title is clear, prepares closing documents, and oversees the transfer of funds and ownership. Our Methuen office serves buyers and sellers throughout Merrimack Valley and the greater Massachusetts area.
What is title insurance and do I need it?
Title insurance protects buyers and lenders against defects in title that may not have been discovered during the title search — such as unknown liens, forgery, fraud, unpaid taxes, or errors in public records. Lenders almost always require a lender's title insurance policy. An owner's title policy is a one-time premium that protects your ownership interest for as long as you own the property — we strongly recommend it.
How long does a real estate closing take?
At Foy Law Office, we pride ourselves on efficient, organized closings. Most signings are completed in under an hour. From accepted offer to closing typically takes 30–60 days, depending on lender timelines, inspection periods, and transaction complexity. We work hard to keep your timeline on track.
What are typical closing costs in New Hampshire?
Closing costs in NH typically include attorney fees, title search costs, owner's and lender's title insurance premiums, NH recording fees, and any lender-required fees. Total buyer closing costs typically range from 2–5% of the purchase price. Use our Rate Calculator for a detailed estimate, or contact us for an exact quote.
What are typical closing costs in Massachusetts?
In Massachusetts, buyers can expect attorney fees, title exam fees, title insurance premiums, MA recording fees, and various lender fees. MA also imposes a transfer tax (excise stamp) on sellers. Total costs vary depending on purchase price and loan type. Our team can provide a detailed estimate for your specific transaction.
What is the difference between a purchase and a refinance closing?
A purchase closing involves the transfer of ownership from seller to buyer, while a refinance closing involves only the borrower and their new lender. Purchase closings typically involve more parties (buyer, seller, buyer's and seller's agents, lender) and more complex coordination. Refinances are generally simpler but still require careful legal oversight to ensure the new mortgage is properly documented and recorded.
What does "clearing title" mean?
Clearing title means resolving any issues or defects discovered during a title search — such as old unpaid liens, judgment liens, estate issues, or errors in prior deeds — so that clear, marketable title can be transferred to the buyer. Our experienced title team has cleared thousands of title issues and can handle even complex scenarios efficiently.
Working With Foy Law Office
How do I order a title search through Foy Law Office?
You can order a title through our convenient Order A Title page. Just fill out the form with your transaction details and our team will be in touch. You can also call us directly at (603) 598-4030.
What states does Foy Law Office handle closings in?
Attorney Leonard W. Foy III is licensed to practice in California, New Hampshire, Massachusetts, Maine, Connecticut, and Vermont. Our primary offices are in Nashua, NH and Methuen, MA, and we regularly handle transactions throughout all New England states.
Can you handle both residential and commercial real estate?
Absolutely. Our attorneys handle residential transactions — including single-family homes, condominiums, multi-family properties, vacation homes, and mobile homes — as well as all types of commercial real estate transactions. No transaction is too large or complex for our team.
How long does it take to receive a quote for my closing?
We typically respond to quote requests within one business day. For immediate assistance, please call Attorney Len Foy directly at (603) 598-4030. Our Rate Calculator also provides instant estimates.
Estate Planning & Business Formation
What estate planning documents does Foy Law Office prepare?
We assist with wills, durable powers of attorney, health care proxies, living wills, revocable and irrevocable trusts, as well as documents pertaining to advanced asset protection and business succession planning.
Can Foy Law Office help me form a business in New Hampshire or Massachusetts?
Yes. Our attorneys can advise you on the legal aspects of forming a business in any New England state, including LLC formation, corporation setup, partnership agreements, operating agreements, and related legal structure advice.
Still Have Questions?
Our attorneys are ready to answer your specific questions about your transaction.
Contact Us 📞 (603) 598-4030New Hampshire Real Estate Law