Who Needs a Real Estate Attorney?
- Anyone selling, conveying, obtaining a reverse mortgage, or refinancing real estate in
Georgia needs an attorney to conduct the closing.
- Conducting the closing is more than witnessing and notarizing documents at the closing
table. It requires the attorney to review the closing documents, prepare the settlement
statement, and collect and disburse funds through an attorney escrow account.
- An attorney is required even when buying real estate from a bank or lender, selling the
property by owner, obtaining a reverse mortgage, or even refinancing an existing loan on
the property.
- Estate and probate attorneys working with administrators or executors need a real estate
attorney to transfer real property from an estate to heirs or buyers. Estate attorneys also
often need to get a title search to show how title to certain properties vests.
- Commercial Real Estate Attorneys need a reliable and quick title company to provide
accurate title reports and to mark up title commitments at closing.
- General practitioners often prefer to be the agent conducting the signing part of the
real estate closing. Having an experienced real estate attorney prepare the settlement
statement, write the title insurance, disburse funds, and review title can keep the trust of
their clients and help them make sure their settlement is done properly.
