We look forward to assisting you with your closing. A paralegal from our office will call you to obtain necessary information for your closing and to answer any questions you may have. We at Hatcher, Stubbs, Land, Hollis & Rothschild, LLP will make every effort to ensure that your closing runs as smoothly as possible. Toward that end, please take a minute to note the following important information for you closing.
Who Should Attend The Closing?
Each individual who is an owner of the property and each individual who will be a borrower on the new loan.
What Should You Bring To the Closing?
- Homeowner’s Insurance Policy:
For a Purchase: You should bring a current homeowner’s insurance policy covering the property for one year from the date of closing along with a paid receipt or an invoice for the premium that we can collect at closing. Generally, your lender will require a minimum dwelling coverage of an amount equal to the loan amount, or if less than the loan amount, with guaranteed replacement coverage.
For a Refinance: Typically, your new lender will require between 3 to 6 months of coverage remaining on your policy. If your policy coverage period remaining is less, we may need to renew your policy for a full year at closing.
For purchases and refinances, please let us know the name of your insurance agent as soon as possible so that we can ensure that your policy meets your lender’s requirements.
- Termite Letter:
For a Purchase: At closing, your lender and sales contract require an acceptable Official Georgia Wood Infestation Inspection Report (Termite Letter), dated within thirty days prior to the closing for each dwelling and garage. Typically, the seller is responsible for providing this letter.
Please fax the letter to our office prior to closing for review and lender approval and bring the original to closing.
For a Refinance: Most lenders do not require a termite letter for refinance. Please confirm this with your lender.
- Funds for Down Payment/Cash to Close:
Georgia law prohibits us from taking a personal check in excess of $5,000. Any amount due at closing in excess of $5000 must be wired into our escrow account (please call for wiring information).
- Photo Identification:
A driver’s license is the best form of identification.
- Any Lender Required Documents:
Your lender may need you to bring certain items to closing. Please check with your lender prior to closing for any special requests.