Atlanta Commercial Real Estate Attorneys real estate closing resources

The law office of Darryl J. Panella, LLC professionally handles commercial real estate tansactions for a number of lenders, brokers, realtors, and private individuals. We meet client requirements by informing, educating, and supporting clients and their customers with the legal aspects of financing, acquisition, and sales. Our continued success depends upon the quality service and knowledge of real estate law. When clients entrust this firm with the closing of their transactions, they can expect a smooth closing.


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What you will need for your closing


[ ] Sales Contract

[ ] Title ordered ________________________ $_____________

[ ] Update ___________

[ ] Title Commitment - Binder

[ ] Lender Policy $ _____________

[ ] Owner Policy $ _____________

____ Original, Signed title commitment

____ Copies of all exceptions

____ Deletion of Mechanics’ and materialmen’s lien exception, except for matters of survey and other standard exceptions

____ ALTA Form 9 endorsement

____ Adjustable rate endorsement

____ Insured closing letter

____ Evidence of satisfaction of Schedule BI requirements

____ Lien waiver affidavits (to be prepared by Borrower’s counsel)

____ Survey: ____________________________

[ ] Mandatory POA fees

____ Transfer fees $________

____ Monthly/Quarterly amount $___________

[ ] Property Taxes

____ County Tax $_____________

____ City Tax $________________

____ Sanitation Tax $___________

____ Water $__________________

[ ] Payoff: Name: ________________________________ Phone: ___________________

Account:___________________

[ ] UCC Search in name of Borrower and all owner’s within preceding 5 years together with certificates of the filing officers or search firm addressed to Lender and copies of all filings listed in the following locations:

____ Secretary of State

____ Clerk of Superior Court

____ Any other office where filing as to intangible property would be proper for any such entities

[ ] Survey:_______________________

[ ] Organizational Documents BUYER

___ If limited liability company

___ If corporation

___ Articles of Organization ____ Articles

___ Operating Agreement ____ By Laws

____ Certificate of existence – SOS “Certificate of Organization”

____ Resolution

____ Certified Company Resolution and Incumbency - signed and sealed by all members authorizing the borrowing and execution of the loan documents

____ Ownership Structure

____ Federal employer identification number

____ Buyer’s Attorney opinion letter

[ ] Organizational Documents SELLER

___ If limited liability company

___ If corporation

___ Articles of Organization ____ Articles

___ Operating Agreement ____ By Laws

____ Certificate of existence – SOS “Certificate of Organization”

____ Resolution

____ Certified Company Resolution and Incumbency - signed and sealed by all members authorizing the borrowing and execution of the loan documents

____ Ownership Structure

____ Federal employer identification number

[ ] Hazard Insurance Binder – Certificate of Insurance:

____ Name of Borrower and/or General Contractor

____ Replacement cost coverage

____ Proper Mortgagee/ First Loss Payee

____ Proper coverage amount $___________________________

____ Paid Receipt Y N $__________

____ Flood Insurance

[ ] Appraisal: __________________________

[ ] Termite Letter: ______________________

[ ] Other: _____________________________

 

[ ] Driver’s License, and second form of ID

[ ] Cashiers Check [ ] Buyer $________________

[ ] Seller $________________

[ ] Lender $________________

[ ] Keys/ Alarm Code-Passes

[ [ Original Documents

[ ] Settlement Statement

[ ] Addendum and Special Stipulations

[ ] Legal Services Document

[ ] Correction Agreement POA

[ ] Designation Agreement

[ ] Seller’s Affidavit

[ ] Owner’s Affidavit

[ ] Waiver of Liens

[ ] Assignment of Warranties

[ ] Bill of Sale

[ ] FIRPTA

[ ] Georgia Affidavit of Seller’s Residence

[ ] If Lease:

[ ] Tenant Estoppel

[ ] Assignment of Lease

[ ] Limited Warranty Deed

[ ] Legal Description

[ ] Permitted Title Exceptions

[ ] Real Estate Transfer Tax Declaration

 

LENDER DOCUMENTS:

[ ] Note

[ ] Personal Guarantee

[ ] Business Agreement

[ ] Security Deed

[ ] Legal Description

[ ] Waiver of Borrower’s Rights & Closing Attorney’s Affidavit

[ ] Assignment of Rents

[ ] SNDA

[ ] Other: ___________________________________________

[ ] UCC-1 Financing Statement

[ ] UCC-2 Financing Statement

 

[ ] Other: _____________________________

[ ] Other: _____________________________

[ ] Other: _____________________________

[ ] Other: _____________________________

 

 

 

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365 Market Place Suite 100 • Roswell, Georgia • 30075
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