Georgia is an Attorney-Closing State
What is an "attorney-closing" state?
The textbook definition of an "attorney" is a person appointed to act for another in business or legal matters.
As such, the State of Georgia places a high value on the presence and participation of closing attorneys or agents in real estate transactions.
GA Senate Bill 365 prohibits anyone other than a lender or attorney licensed by the State Bar of Georgia from conducting real estate settlements and disbursing funds in residential purchase or refinance transactions. The attorney must be physically present at the closing, and he or she must maintain control of the closing process.
*If you are a licensed closing agent in or outside the state of GA seeking specialized signing support, please contact us today.
What is a Settlement Agent?
Settlement agents, also known as closing agents, are third parties intermediaries who help the buyer and seller to finalize real property loan transactions through the transfer of securities to the buyer and the transfer of compensation to the seller.
A settlement agent for loan closing transactions can be an escrow officer, real estate attorney or title company representative that conducts the closing or "settlement" of a residential or commercial property purchase. They also function as a liaison coordinating the attendance and document signing services for all parties, and the verification that each side has performed their Notary required responsibilities as outlined in the contract.
*Licensed attorney/closing agent direct contact information must be provided in order to receive proper Notary signing support.