Ga Attorney Real Estate Fort Wayne
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How to fill out Georgia Special Or Limited Power Of Attorney For Real Estate Purchase Transaction By Purchaser?
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FAQ
Georgia has a long tradition which requires that attorneys close residential real estate transactions. This tradition is founded in statutory and case law, as well as the rules of the State Bar of Georgia.
A real estate attorney isn't automatically a real estate broker. But, an attorney can buy and sell property on behalf of their clients where they are trustees. In some states, licensed attorneys are exempted from the licensing requirements. A registered attorney can act in the capacity of a broker.
In Georgia, a licensed Georgia attorney must close all real estate transactions, unlike in many states in which title companies handle escrow and closing matters. The contract is sent to the closing attorney and to the buyer's lender.
There is usually just one attorney involved in the closing, and in Georgia, the buyer typically chooses their own attorneys. If it is a cash purchase, you will typically have the right to pick the closing attorneys. However, the buyer's lender will choose the attorney when you are funding a purchase using a mortgage.
Georgia law requires a licensed attorney to close all real estate transactions. In other states, the title company handles the closing and matters pertaining to escrow. But in Georgia, an attorney does it.