Different laws govern the closing of real estate transactions in every state, including Georgia. One top issue that varies from state to state is the requirement of an attorney during the closing of the deal. Real estate closing in Georgia happens in the presence of a real estate attorney. According to the Georgia Real Estate Infobase, the law requires the attorney to be physically present and have control over the proceedings.
The attorney taking charge of the real estate closing does not represent either the buyer or the seller. He is the representative of the lender while in Georgia. Even still, he has a responsibility towards every party involved to close efficiently. He must explain all the content in the documentation to the buyer and seller and ensure that they understand before they sign anything.
During the purchase of the real estate, it is common for both the buyer and seller to have counsel representation that leads them through the whole sales process. However, a closing attorney deals with closing alone without any help or input from any other legal professionals. Even still, the buyer and seller may yet have a legal representative present at the closing.
According to SFGATE, apart from it being a state requirement for a real estate closing attorney to be present, they also help to make the process as straightforward as possible. The attorneys efficiently deal with any disputes that may arise at the time of closing due to any zoning or restriction concern, time of property possession, or the cost of the property. Even without any problem arising, the real estate attorney analyses every document line by line to check for the accuracy and ensure no one is in jeopardy.
A real estate closing attorney acts as a shield to ensure that the home sale goes through quickly and efficiently without unnecessary trouble that can result in the loss of time, money, or even the deal itself.
