closings@gurveylaw.com 404-997-8569
Signed in as:
filler@godaddy.com
closings@gurveylaw.com 404-997-8569
Signed in as:
filler@godaddy.com
To make things as TRANSPARENT as possible this page AND checklist is provided so that we are ALL on the same page. Just because we receive a contract or title request - doesn't mean we drop everything and open up a file. We can't professionally do that. We also wish we had the resources and deep pockets to do that - but it's not reasonable.
Are you really sending us a contract that is not signed by everyone??? Did you "white out" important terms? Are you planning to wholesale it - but don't have a buyer and won't go through with the closing if you can't find one? Are you trying to sell a property you don't YET have under contract? I mean really ... what are we to do with a BC contract if you don't have anything signed with the owner? And there's no need to send us a contract for a property you KNOW won't close because the owners are deceased, and no one has started probate - OR all the heirs are not in agreement!
We look over your documents and make sure they are COMPLETE!! A VALID contract should identify: Property, Sales Price, Names of Parties, Closing Date ... and we also like if it identifies US as the closing attorney. IF the document identifies another law firm - we'll need that changed/amended before we will do any work.
Not only should the documents be FULLY signed - by all the parties involved - we should have ALL of the documents involved. This means - every addendum, every exhibit, assignments, and all amendments. If there are Realtors involved - we need the Instructions to Closing attorney or the Commission Agreement.
IF it is an investor closing (ie, AB/BC) we MUST have that other contract. If one of the parties is in a Joint Venture - we should have that JV agreement upfront!
If we have been given all the necessary documents, we next need to have EVERYONE's contact information - the parties correct names, their PHONE NUMBERS and their EMAIL ADDRESSES. EVERYONE has someone representing them - even if for some reason they don't have an email address. But we would need an explanation for those special circumstances.
Why do we need this? We will need to reach out to these people throughout the process. If we can't reach someone before we start working on a file - we can't reasonable expect that person to be responsive we need them to sign documents at closing.
The contract should identify when the Earnest Money is to be delivered and how much time, if any, the parties have for Due Diligence. Our work overlaps what the parties are doing. We EXPECT the Buyer and Seller to follow terms of the contract. The Buyer should meet the legal timelines for delivering Earnest Money when they are supposed to. We will as need be wait until the Parties meet their terms before starting our work. (No need to run title or open a file if the parties terminate the next day.)
Once all the above is done - we enter the next stage and start doing the rest - ordering title, preclosing, requesting company/corporate documents, getting wiring instructions, requesting payoffs, etc
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