Negotiating, drafting, and executing a purchase and sale agreement.
Information Gathering, Due Diligence, and Title Review.
Document Preparation, Review, and Execution.
Fund Disbursement and Document Recording.
This phase of the closing process is about the parties agreeing to the terms of a purchase and sale agreement. In Georgia, most residential purchase and sale agreements are form contracts. By contrast, attorneys negotiate and draft commercial purchase and sale agreements.
This phase of the closing process is about information gathering, due diligence, and reviewing the title. The process starts with our welcome letter . Next, we collect information about the parties and necessary documents via Encrypted Email. When due diligence is complete, a title report will be ordered. The firm will review the title report, clear any issues, and work with all parties involved to prepare the documents required to close the transaction. Wire instructions will be provided via Encrypted Email. All funds must be received twenty-four (24) hours prior to the scheduled closing date to avoid delays.
This phase of the closing process is when the parties come together to review and execute all of the documents necessary to finalize the transaction. The Buyer and Seller must bring a valid government ID to the closing table. In order to protect sensitive information, Buyers and Sellers are separated and scheduled to appear at different times. The parties will receive their funds, and the agents will received their commissions, from the funds held in the firm's IOLTA Account.
This phase of the closing process is about disbursing funds, recording documents, and providing the parties with copies of the documents. Anything that needs to be paid will be paid from the funds held in the firm's IOLTA Account. All title and recording documents will be filed with the Clerk of Court. The parties will receive fully-executed copies of the documents. And, title insurance will be issued.
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