Real Estate Closing Attorneys in Atlanta, Georgia | Harlan and Associates

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Frequently-Asked Questions

When are commission checks issued?
When can I schedule a closing?
Will you perform weekend and after-hours closings?
My client canít attend closing; can they use a power of attorney?
The contract specifies seller concessions. What do I need to do?
When will I get a HUD-1 for review?
Will you close short sale transactions?
Have a question you'd like answered? Just let us know!

When are commission checks issued?

Checks are written after closing as soon as we have both collected funds and the lenderís authorization to disburse. For more information, please feel free to request a copy of our funding and good funds notices.

When can I schedule a closing?

You can request to schedule a closing at any time. However, any closing you schedule will be subject to the Lender's final approval.

We do prefer that closings be scheduled at least one business day in advance, but understand and will work with you to accommodate same-day scheduling, if at all possible.

We also encourage you to schedule closings for sale transactions earlier in the day in order to allow for sufficient time for funding.

Will you perform weekend and after-hours closings?

Yes. While closings are normally scheduled between 9:00 a.m. and 5:00 p.m., Monday through Friday, we will be flexible with your borrowers if circumstances require, to ensure a closing that is convenient for everyone.

Please note, though, that an additional after-hours fee may be charged.

My client can't attend closing; can they use a power of attorney?

We absolutely prefer that everyone attend closing, and are very flexible in scheduling in order to allow all parties to be present. Nevertheless, we know there are situations in which it is simply impossible for someone to attend. In those cases, we will make arrangements for your clients to sign the closing documents remotely or through the use of a power of attorney.

Remember: powers of attorney are documents of last resort and really should be used when someone truly is incapable of coming to the closing.

Every power of attorney must be specific to the particular transaction and must be approved by the lender in advance. If you suspect that a power of attorney will be required, please let us know as soon as possible.

The contract specifies seller concessions. What do I need to do?

In order for seller concessions to be paid at closing, they must be specifically approved by the lender. Simply provide to us a copy of any invoice or estimate detailing the work done or to be done, and we will submit it to the lender for their approval.

Please understand that not every lender allows seller concessions, and many prohibit them outright.

When will I get a HUD-1 for review?

Settlement statements are prepared as soon as we receive closing instructions from the lender. This may be several days in advance of closing, or it may be just before you are scheduled to close; it all depends upon the lender. Rest assured we encourage lenders to get their closing instructions to us in a timely fashion and strive to provide a settlement statement to you as quickly as possible.

Will you close short sale transactions?

A short sale occurs when a secured lender agrees to accept less than the full amount it is owed in exchange for releasing its interest in the property. In other words, the sellerís mortgage lender agrees to a discounted payoff at the sale.

We have closed many short sales. Just make sure to let us know that your closing involves a short sale, and when you send over a contract, make sure to send us the approval letter from the short-selling lender. If you donít have an approval letter, just let us know, and weíll work with you as you present the short sale offer to the lender.

When evaluating short sale offers, most lenders require a draft settlement statement. We will work with you through the short sale approval process and prepare preliminary settlement statements as may be required.

Please understand that in a short sale transaction, the seller cannot receive any proceeds from the sale. Furthermore, the short selling lender may insist upon reduced real estate agent commissions and caps to any seller-paid closing costs.

Have a question you'd like answered? Just let us know!