Vincent Cella Email & Phone Number

Westbury, New York

Represent purchasers, sellers and lenders in all types of real estate transactions, including cooperatives, condominiums and new construction purchases. Coordinate all aspects of the transaction, including draft, review and negotiate contracts of sale. Advise clients regarding legal and financial issues related to the contract of sale, mortgage financing and closing process. Review, clear and advise clients on any open title issues.Responsible for all aspects of the operation of the law firm, including all legal and compliance issues, and all communications.Work with lenders to assist in preparation and review of closing disclosures, as well as prepare seller's closing disclosures.Review, interpret, negotiate and advise clients on franchise agreements, commercial leases and various contracts.Draft and review powers of attorney, deeds, transfer documents, subordination agreements and other legal documents.

Draft, review, and negotiate contracts for real estate transactions, including cooperatives, condominiums and new construction purchases. Advise clients regarding issues related to the contract of sale, mortgage financing and closing process. Review title reports and work with clients to clear title objections to property.Responsible for the operation of the law firm, including managing seven employees in day to day operations such as scheduling closings, preparing loan documents, clearing title issues and preparing and approving the HUD-1 Settlement Statement. Responsible for the closing department of a mortgage banker, the law firm's largest client. Interpret banking regulations and investor seller guides to advise client and employees on legal and closing issues. Supervise the preparation and review of all loan closing documents for loans sold to numerous investors. Ensure titles to property are in compliance with investor guidelines for loans sold to all investors. Represent buyers, sellers and lenders at residential real estate closings throughout the five boroughs of New York City, Nassau, Suffolk and Westchester counties. Implemented new policies and procedures to improve the efficiency of the law firm and lender's closing department. Streamlined the document preparation process to be done in a more efficient manner. Expedited the title review and clearance process resulting in faster closing times. Advise and work closely with all of lender's officers and employees regarding legal issues and operational procedures. Assisted in the implementation of new policies, procedures and products. Review all loan closing and collateral documents for loans closed as New York CEMAs, and ensure the collateral package meets with investor guidelines.Maintained loan closing and title review turnaournd times during time period when lender's production quadrupled in volume.Draft and review Powers of Attorney, Deeds, Subordination Agreements, and Wills.

Represented numerous lenders at approximately one thousand residential real estate closings. Reviewed contracts of sale for purchases of residential real estate, and discussed the issues involved with clients and other attorneys.

Reviewed and edited licensing agreements between television producers and distributors, and satellite and cable networks. Researched and drafted reports on the current state of various international businesses including Major League Basball. Researched and outlined report on the emergence of Pay-Per-View on the internet, and the companies entering the market.

Doctor Of Law (J.D.)

CALI Award for Excellence in Commercial Transactions: Commercial Paper/Banking

Bachelor Of Science (B.S.), Finance And Marketing

Activities and Societies: Alpha Epsilon PiGraduated Cum Laude, Dean's Honor Key, NYU Stern Trustees Scholar, Founders Day Award.