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A closing Attorney refers to a person who handles the final stages of processing a home or business sale. Closings may occur at the closing stage of a real estate transaction, or after the completion of an owner-financed loan such as a mortgage. The closing attorney then signs off on any necessary paperwork to conclude and close the proceedings.

The term “closing attorney” is also used for other types of legal transactions, typically those that require some procedure beyond simple contract formation, such as divorce settlements and tax collection proceedings.

For the sale of a house, the buyer and seller hire an attorney to oversee the closing. The buyer and seller sign contracts (often with riders attached) that dictate how the sale will be handled, including how much each party will pay in fees. Then, at or before the closing date, both parties pay their respective agents or attorneys. It is customary in some jurisdictions to pay an additional sum of money directly to the trustee who oversees the actual transfer of title.

For a buyer who gets financing, an attorney may be involved at the closing stage to complete the sale, prepare documents and formalize them in writing. The buyer will pay the lender’s closing attorney before moving into his or her new home.

In some cases, an attorney may be needed for a transaction that does not go through a traditional closing process. For example, a lawyer may be necessary if making a will, transferring ownership of real property or other legal transactions without involving attorneys are not customary in the jurisdiction involved.

Benefits Of Having Atlanta Closing Attorney

  1. Saving Money

When you pay for the closing attorney, you do not have to spend extra cash. You can save money because of the services that these attorneys provide. It is a serious service that you need so you should be paying for it to prevent possible issues later on.

  1. The Attorney’s Experience

When the closing process is done through the attorney, it is going to give you peace of mind knowing that the process will go smoothly and correctly. The attorney has years of experience in closing the deals. The attorney can perform the closing in a very short period. If you are not sure about what you are doing, then it is best to hire a lawyer for closing.

  1. Professional Work

When you hire a closing attorney, you can rest assured that the attorney will deliver professional work. Atlanta Closing Attorney will be working with all the parties involved in the transaction and the attorney will make sure that everyone will be satisfied with their part or role in closing.

  1. Regulating Closing Processes

An attorney for closing also regulates all of the closing processes. The legal aspect of it is also taken care of by attorneys since they are experts in the law. So they can provide you with the right services in closing your deal.

  1. Getting the Information About a Real Estate Transaction

When you get information from a closing attorney, you will be able to get the information about all of the transferring of title transactions. Since they are also involved in handling it, they can give you more information about it as compared to regular people and other firms that handle real estate transactions.

You need to know that if you are going to receive the money or any other property from a closing attorney, then you need to make sure that the attorney is going to give you a receipt for it. Otherwise, it will be very difficult for you to prove that he or she has received the money. If you do not get a receipt for receiving money or other property from a closing attorney, then it will be hard for you to claim legal ownership of the property.