We hope these are helpful. Please feel free to contact us with any other questions you may have.
Why Do I Need a Closing Attorney?
Answer: In Georgia, the closing attorney represents the lender. The closing attorney is asked to perform certain tasks for the lender such as transferring title, setting up the lien against the property for the lender, collecting and disbursing funds as required by the terms of the transaction. Under the Georgia Fair Lending Act, GAFLA, the borrower has the right to select the closing attorney.
How Long Will a Closing Last?
What Should I Bring to the Closing?
Buyers are responsible for bringing to closing anything that has been specifically requested of them by the lender or closing attorney such as copies of banks statements or insurance. Also, buyers should bring a valid photo ID such as a driver’s license or passport.
Sellers should also bring a valid photo ID and any documents required by the contract or requested by the closing attorney such as the original power of attorney and/or home warranty. Sellers may also bring keys and other entry cards to the property, information regarding homeowners’ associations and the property’s appliances and systems.
What Documents Will I Need to Sign at Closing?
At closing, Buyers tend to sign the most documents. Most of these documents are universal and are generally mandated by state and federal law. The good news is that all these documents are already prepared by the closing attorney prior to the closing date and all the documents are fully explained to the buyer.
Generally, sellers can anticipate signing relatively few documents at closing. Sellers should be prepared to sign the Settlement Statement and other documents related to the property’s title and taxes.
How will the seller proceeds be disbursed?
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