Closings During COVID-19
During the most trying times Adam Leitman Bailey, P.C. (Adam Leitman Bailey, P.C.) remains open for business. The firm was faced with a challenge when one of its borrowers decided to leave Manhattan and stay with family in another state during the COVID-19 outbreak. Adam Leitman Bailey, P.C.’s mortgage finance group was able to still make the closing happen as scheduled by overnighting the documents to the borrower and scheduling a notary in that state to notarize the documents with the borrower in-person. The Adam Leitman Bailey, P.C. bank attorney reviewed the loan documents in detail over the phone with the borrower and reviewed the package upon receipt for accuracy before sending it to the lender. This creative method allowed for the refinance transaction to occur as schedule while maintaining the safety of the borrower out of state.