Serving Raleigh, NC and Surrounding Areas
919-789-9884 Phone 919-789-8746 Fax
Q: WHAT DO YOU NEED TO KNOW FROM ME?
A: A: We have an information sheet and disclosure form which need to be completed and returned to us as soon as possible for closing. It is important that all questions are fully answered or delays may be expected. Your realtor will likely receive these forms on your behalf. If you do not have a realtor, please contact us with your fax number.
Also, if a seller will not be at closing, we need to know immediately to make the appropriate arrangements. (See no. 4 below)
Q: IF I'M MARRIED OR SEPARATED AND I'M THE ONLY ONE ON THE LOAN, DOES MY SPOUSE HAVE TO COME TO CLOSING?
A: Yes! All spouses including separated spouses must attend closing to sign a few of the loan documents. There is only one exception - if the separated spouse has recorded a "free trader clause" or a quitclaim deed on this property.
Q: IF I DON'T HEAR FROM YOU, MY CLOSING ATTORNEY, DOES THAT MEAN YOU ARE NOT WORKING ON MY FILE?
A: No! In our business, no news is good news. After we have received the information we need (see no. 1), we, ideally, have no need to contact you before closing. Most questions and information are fielded through your realtor. Customarily in North Carolina, the closing attorney represents the Buyer only. It would be unusual for us to have significant contact with you.
Q: MAY I SIGN MY DOCUMENTS BEFORE CLOSING?
A: Generally yes, but by prior arrangement. The documents may be overnighted to you, you may pick them up at our office or sign them here. You will need a notary present when you sign them. Your signing appointment is not the closing, however, and final figures will not yet be available nor will the attorneys be available for extended discussion. Please allow about 5 minutes for this meeting.
Q: WHEN WILL I KNOW HOW MUCH MY PROCEEDS ARE (OR HOW MUCH I MUST PAY AT CLOSING)?
A: Usually the afternoon of the day before closing.
Q: I OWE MONEY AT CLOSING, MAY I WRITE YOU A CHECK?
A: No. We are required to have collected funds at closing. This means you must bring one of the following to closing: cash, bank check, certified check, money order or have funds wired into our trust account (please call us at 919-789-9884 if you are planning to wire - there is an extra fee involved).
Q: HOW LONG WILL THE CLOSING TAKE?
A: We allow about an hour. However, as a seller, you will sign your documents and the settlement statement at the beginning and then go on your way. Please allow 10-15 minutes.
Q: WHEN DO I GET MY MONEY?
A: We cannot disburse any funds until we have recorded. YOU WILL NOT RECEIVE YOUR PROCEEDS AT THE CLOSING! If we have all the funds we need (specifically, if we already have the buyer's loan funds), we almost always will record within a few hours of closing as long as it is not too late in the day. Often, loan funds are not received until late on the closing day. Then, recording takes place as early as possible on the next business day.
Q: MAY I CALL YOU IF I HAVE OTHER QUESTIONS?
A: Please do! Our assistants are very helpful with most logistical questions and the attorneys, Jay Gudeman and Stephanie Kilpatrick, are almost always accessible for any others. Call us at 919-789-9884.
© 2003-2016 - Kilpatrick Gudeman, Attorneys at Law