- Certified Funds – Georgia Wet Funds Legislation requires “Good
Funds.” By law, Our Attorney will accept a maximum of $1,000.00 in
personal funds. Certified check can be made payable to the firm or to
the borrower and then endorsed to the closing firm.
- Picture Identification – Some form of picture ID will be required –
Drivers license or Passport is acceptable. If neither of these is
available, get prior ok from attorney.
- Original Hazard Insurance Policy, usually in an amount not less than
the loan amount. Must have proper Mortgagee clause and be dated on
or before the closing date.
- If executing Borrower documents by Power of Attorney, the original
must be brought to closing (it must be recorded along with the Deed
to Secure Debt). The form of Power of Attorney must be approved
prior to closing by the attorney and the lender.
- Any closing conditions required by the lender, such as original tax
returns, closing statement from sale of previous home, pay stubs or
gift letters.
- Original Termite Letter (typically Seller brings, but lender will
require) and if applicable septic and well water inspections (which
may also be brought by the Seller).
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