New York Closing For Hurricane Florence

State:
New York
Control #:
NY-CLOSE3
Format:
Word; 
Rich Text
Instant download

Description

The New York Closing for Hurricane Florence is a crucial document designed to facilitate real estate transactions within the state of New York during situations of emergency, such as natural disasters. This closing settlement statement provides a detailed account of the financial aspects of the transaction, including sales price, down-payments, expenses, and adjustments related to taxes. Users must accurately fill in information for both sellers and buyers, specifically highlighting any adjustments for county and city taxes influenced by the hurricane's impact. Attorneys, partners, owners, associates, paralegals, and legal assistants will find this form essential for ensuring compliance while protecting their clients' interests in real estate transactions. The form guides users through the necessary calculations, ensuring clarity on total expenses, balances, and amounts due. It is imperative for users to certify the accuracy of the information provided, enhancing accountability and reducing the potential for disputes. The utility of this form extends beyond mere compliance; it also fosters transparent communications between parties involved in the transaction. Ultimately, this closing statement represents a streamlined approach to handling property agreements affected by extraordinary circumstances, making it invaluable for professionals engaged in real estate law.
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FAQ

Florence made landfall as a Category 1 hurricane on September 14, 2018, near Wrightsville Beach, North Carolina.

Florence was a long-lived, category 4 hurricane (on the Saffir-Simpson Hurricane Wind Scale) that made landfall along the southeastern coast of North Carolina near the upper end of category 1.

At one point, Florence was a Category 4 storm over the Atlantic. But it weakened before making a direct hit to North Carolina. Most residents in southeastern North Carolina probably do not remember the winds with Florence, but many definitely remember the rain.

This event caused extensive river flooding and catastrophic flooding in parts of North and South Carolina. Due to its impact and destruction, the name ?Florence? was retired in 2019 from the list of hurricane names and will no longer be used for future hurricanes.

How did the Florence tropical cyclone impact the environment? The main impact of hurricane Florence on the environment was the pollution of water bodies due to flooding. There were reports of toxic ash released into surrounding rivers (Cape Fear and Neuse rivers) from storage sites due to flooding.

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New York Closing For Hurricane Florence