Real Estate Closings

ON YOUR CLOSING DAY

Congratulations! If you have a scheduled closing, you have successfully negotiated your real estate transaction, the purchaser has obtained a loan, and you are close to reaching your goals. You can plan on your closing taking approximately one hour. If you have prepared for closing after reading this web site and there are no problems with the loan, your closing may take much less time than that. On the other hand, failure to prepare can significantly delay a closing.

To ensure that your closing takes place expeditiously please follow these guidelines and read the Helpful Hints For Smooth Real Estate Closings.

If you are the seller:

1. Bring a photo ID.

2. Bring a termite clearance letter.

3. Bring corporate seal and original corporate resolution, if you are executing documents on behalf of a corporation. If you are signing for a Limited Liability Corporation (LLC), bring the LLC seal if you have one, and a copy of your LLC Operating Agreement.

4. Bring original Power of Attorney, if you are signing on behalf of an absent seller. Please review If You Cannot Attend your Closing for more information on Power of Attorney.

5. Bring keys, home warranty documents, garage door openers.

If you are the buyer:

1. Bring a photo ID.

2. Bring certified funds. This form of payment is the most preferable and reliable. Also bring your checkbook to pay additional amounts if the certified check is less than what is due.

3. If you cannot bring certified funds, and you must wire your money, wire at least twenty-four hours in advance of your closing. Remember that wiring funds is not like e-mail! It often takes a full day from the time the wire is sent before it is confirmed in our bank account. Without the funds, we cannot close your loan.

4. The wire instructions are as follows:

   Wiring to/Receiving Bank:
   Georgia Bankers Bank
   Atlanta, Georgia
   ABA Routing Number 061003415

   Credit to/Beneficiary:
   First Security National Bank
   5170 Peachtree Parkway
   P. O. Box 1470
   Norcross, Georgia 30091
   Account No. 1006110329

   For Further Credit To/Special Instructions:
   Blackburn, Sloan & Adair, LLC
   Account No. 0010595
   Borrower's name and loan number
   

   PLEASE NOTE:These instructions must show completely on the wire sent. Failure to follow these instructions could result in a delay of the wire transfer and the closing.

5. Bring original Power of Attorney, if signing for an absent buyer. Please review If You Cannot Attend your Closing for more information on Power of Attorney.

6. Bring homeowner's insurance policy and paid receipt or an invoice so we may mail the payment.

7. Bring a contract with all exhibits and addendum fully executed with original signatures, for closing attorney's file.

8. Provide a way to contact your loan officer if questions arise.

9. All documents required by your lender as a condition to close should be brought to closing and/or evidence you have provided these documents to your lender prior to closing.

10. It is a good idea to bring the originals of anything you have previously faxed to your lender.

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The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for individual advice regarding your own situation.

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