11/15/2018 by closingprotitleescrowllc 4 Comments
Do I Need A Real Estate Attorney For My Home Closing?
It depends on the state. Some states allow title companies to conduct home closings, while other states require an attorney to oversee home closings.
Georgia is an attorney-closing state; meaning that an attorney is required in the closing process.
Attorneys are involved in the following closing process:
- draft or review the Purchase and Sale Agreement or Contract
- title search and examination
- oversee execution of deeds, mortgages and other loan closing documents
- disburse funds
- file and record documents in county records
- issue title insurance policy
There are fees charged by lawyers performing real estate closings. These are sometimes called settlement fees, closing costs or title fees. The good news is as a buyer or seller, you can shop around and compare closing costs. The easiest way is to search google for closing attorney near me, then call or email for a quote. You can also ask your real estate agent, broker or loan officer for an attorney referral.
Some questions to ask when shopping for a closing attorneys are:
- what is the average turnaround time for a title search?
- do you offer simultaneous issue rates for owner’s and lender’s title insurance policies?
- is there a special offer available for first time homebuyers or new customers?
Closing Pro is staffed by real estate attorneys and title professionals, working together. This allows for prompt title turnaround and rush closings.
Comments
12/05/2021 by Shammy P
You made a good point when you said that you can shop around and compare closing costs since there are fees charged by lawyers performing real estate closings. My husband and I will think of this since we are trying to make a decision whether we should buy a single-family or a townhouse. We want our children to be comfortable with our choice. We will consider your tips to keep everything in budget all throughout the buying process. http://www.sullivanlawgroton.com/real-estate-residential-commercial.html
04/12/2022 by Injubre
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07/19/2022 by Eli Richardson
It really helped what you said about checking a real estate attorney's fees and special offers before hiring one. My cousin found her dream house last week, and she decided to buy it, so before she closes her deal, I'll be sure to share your insight with her. Thank you for the advice on real estate closings and why you must work with an attorney for yours. http://stephensonlaw-nc.com/real_estate_law.html
04/27/2023 by Elina Brooks
Thank you for letting us know that there are settlement fees or title fees involved when closing a real estate purchase, but we can shop around to compare which one works best for us. I'm planning to buy a house of my own soon, so I need the title settlement to complete the sale and ensure I have ownership of the property now. I'll keep this in mind while I look for real estate professionals who can help me with the settlement process soon. http://www.whitfordlt.com/services.html
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