Hinesville & Richmond Hill Real Estate Closings Lawyers
Georgia Real Estate Closings Attorneys
Georgia law requires all real estate closings to be overseen by a licensed attorney. This means that the state does not permit banker-closings or witness-closings. Unlike other states, Georgia doesn’t allow title companies to handle escrow and closing matters. A licensed real estate closings attorney’s role is to oversee the transaction and explaining the documents in detail to both parties. This ensures that all parties are ethically bound to the real estate agreements.
The closings attorney also helps the lender or mortgage broker by making sure that the loan documents are executed properly. This prevents major issues in the closings process and provides security to all parties involved. The attorney also helps the purchaser by helping them understand their rights and obligations.
A home purchase is one of the most significant financial transactions in a person’s life. Contact our Hinesville & Richmond Hill real estate closings attorneys to start this new chapter in your life the right way: (866) 580-3089!
The Role of a Real Estate Closings Attorney in Georgia
Title: The closings attorney must ensure that the seller has a good title to the property. If there is an issue with the title, they assist in clearing up any issues that may affect the seller’s ability to sell the property. They oversee the titles and can offer title insurance to the lender and/or buyer.
Documents: The closings attorney overlooks the documents necessary to transfer property—especially when debt is involved. It is the closings attorney’s responsibility to explain these documents to the parties in the closings process, to ensure everyone has a clear understanding of their rights and obligations.
The attorney assists with the preparations of documents such as:
- Deeds
- Promissory notes
- Security agreements
- Settlement statements
- And many others
Payment: The closings attorney also acts as an escrow agent to ensure that the parties are getting paid the correct amounts. Escrow is the funds for the total purchase of the property. The attorney makes sure that the seller’s mortgage gets paid or released and that the seller is paid.
This involves getting payoffs from:
- Mortgage companies
- Prorating Homeowner’s Association Dues
- Real estate commissions
- Condo fees
- Property taxes
- Any other items
Recording: The attorney makes sure that the documents executed during the closings are recorded. This has to be done in the deed records of the county where the property is located.
Contact Our Hinesville & Richmond Hill Real Estate Closings Attorneys: (866) 580-3089
Purchasing a home one of the most significant transactions in a person’s life—this is why you want to ensure that the closings process goes smoothly. Our licensed Hinesville and Richmond Hills real estate closings attorneys can help you every step of the way to ensure that you understand every detail of your real estate transaction. With over 40 years of experience, our legal team has successfully resolved thousands of cases for the people of Hinesville and Richmond Hill.
Contact our Hinesville & Richmond Hill real estate closings attorneys today for a free case review: (866) 580-3089! Se habla espanol.
