Do I need a to use a closing attorney or a title company in Georgia when purchasing/selling a property?
Friday May, 2014 01:20 AM
In residential closings involving Georgia property, attorneys handle the closings and issue title policies.
Q: Do I need a to use a closing attorney or a title company in Georgia when purchasing/selling a property?
In residential closings involving Georgia property, licensed attorneys handle the closings and most of the time issue owners' and lenders' title insurance policies. Where there is a lender involved, the attorney technically represents the lender. However, the attorney owes a duty to all parties regarding handling of deeds, recordation and disbursements.
Occasionally, parties will be asked to close with a notary or out of state title company. These are red flags for an illegally conducted closing. Sometimes a party will claim that money can be saved by not using an attorney. Unfortunately, in these situations it often means that someone else is pocketing the closing fee.
CHRIS PAHL
Real Estate Attorney
945 E Paces Ferry Rd
Suite 2250
Atlanta, GA 30326
Tel. +1 (678) 448-4148
email: chris@GeorgiaTitle.com
web: GeorgiaTitle.com | GetMyGFE.com
Tags: Title Company
