The Fryer Law Building
70 Lenox Pointe, NE
Atlanta, Georgia 30324
Purchaser Information
Funds for Closing
- Must be in the form of a cashier's check, bank check, money order, or other certified funds
- Proceeds checks from a recent sale will be accepted if from a GA law firm escrow account
- Check should be made payable to the purchaser(s)
- Wires are accepted (telephone this office for instructions)
Please feel free to contact our office for the amount of funds necessary for closing. If figures are not available prior to closing, you may bring funds in accordance with the good faith estimate provided by your loan officer or real estate agent. (A personal check is acceptable for minor monetary differences)
Homeowners Hazard Insurance
(Does not apply to a condominium unit purchase)
- Original policy is required for closing (insurance binders are not acceptable)
- Dwelling coverage should be for full replacement cost of your home (variations must be approved by your lender)
- Your agent should fax (to The Fryer Law Firm at 404.848.9595) the declaration page of the policy prior to closing, along with paid receipt or invoice
- Please telephone this office with agent's name and telephone number for our follow up
- All borrowers on the loan documents must be a named insured on the insurance policy
- Please contact this office immediately if any changes are made to the policy after we have received the initial information (if changes are made to the policy, documents must be redrawn)
Owner's Title Insurance
- Optional insurance available to protect purchasers' interest in the property
- One-time premium paid at closing will automatically be offered on your settlement statement
- For additional information, contact our office
Surveys
(Does not apply to a condominium unit purchase)
- Not required by all lenders (please check with your loan officer or processor about this requirement)
- If not required by a lender, a survey will be ordered upon request from the purchaser or his/her agent
- This office recommends that a survey be done for the closing of any purchase transaction
- Please note: if you request a survey and the closing does not take place, you will be responsible for the costs incurred (approx.$375.00). Please notify this office as soon as possible to ensure surveys can be completed prior to closing
- For additional information, contact our office
Powers of Attorney
- Utilized when one of the purchasers is unable to attend closing
- Must be approved by lender and closing attorney prior to closing
- Please contact this office if you would like The Fryer Law Firm to prepare a Power of Attorney for you
Miscellaneous Information
- If any monetary changes are made to your sales contract after your initial application, please advise this office and your lender as soon as possible
- All purchasers signing documents at closing must present some type of picture identification