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This can be for various reasons. These third-party services collect information about This typically includes credit checks, and hence you will have to discuss such fees with the mortgage company. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Real estate has a way of leading to disputes, claims, counterclaims, and litigation. This includes the real estate closing date, purchase price, the value of the earnest money, any closing costs to be paid by the seller, and other contingencies. The same attorney may represent all parties involved in the transaction. Be in full control over every editing decision, but have the power of machine Therefore, we promote stricteditorial integrity in each of our posts. Closing attorneys can go by many names, like escrow agent, settlement agent and real estate attorney. If you (the seller) hire an attorney . Contact them through her website, ThinkGlink.com. Are you looking for a specific Intown Atlanta neighborhood to focus on? Contact Thomas Ramon Realty and we can set up a search for any specific neighborhood you are looking for! The usual fee in the state is usually $1 for every $1,000 in property value. While he could be a lenders buyer or sellers attorney, the closing attorney represents all parties in the transaction. Requirement of Attorney Presence at Real Estate Closing Instead, the closing attorney represents the lender. If you are purchasing a foreclosure or short sale property, the Seller may have stipulated the attorney you must close with. More Matters: Should a condo association prohibit pool use because of covid-19? This ensures that the lenders investment is protected and that they are paying a fair value. In many ways, real estate attorneys serve as fact-checkers. Agents can often defer to an attorneys better judgment, concerning everything from initial contracts to the breakdown of final closing costs. A few months later, I checked online to view the title to my property and noticed that the closing attorney used the legal description for both properties. Figure out if all the information is accurate. Nevertheless, being the one who hires the closing attorney could allow a person to focus on his or her new home instead of worrying about collecting endless documents and other tedious tasks.