Info for Sellers
Thank you for selecting Roper & Taylor, P.A. Attorneys at Law to represent your Real Estate Closing Transaction.
For many of us, the sale of our home can carry with it a wide range of emotions. Often sentimental, sometimes stressful, and always unique, we at Roper & Taylor, P.A. are sensitive to these facts and aim to provide you with the peace of mind that will hopefully go a long way toward alleviating any concerns you may have associated with your sale.
Upon receipt of the necessary information from your Realtor and other third-parties to the transaction, we will assign your file to a Paralegal in our Office, perform a title examination of the property and prepare all necessary documents for closing.
Please remember to bring your Driver’s License or some other form of picture ID with you to closing. We will request them upon arrival in order to make a copy for our records.
We will need to know your Marital Status?
Your Realtor will inform you of the date of your closing, as soon as we get it on the schedule. Please Note: If you are married but your spouse is not on the Deed, your spouse will still be required to sign Seller transfer documents to dissolve their marital rights! In the event you or your spouse are unable to attend closing, please let us know as soon as possible. Allowing someone to sign on your behalf with a Power of Attorney is an option, if necessary; if you need us to prepare one or more on your behalf, please contact us as soon as possible.
The Engagement Letter will include the following Authorization and Release:
I/We hereby authorize Roper & Taylor, P.A. Attorneys at Law to obtain documentation relating to any and all current or past mortgages (if any) on the property located at: _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ . I/We hereby authorize any current and past mortgage companies to release to Roper & Taylor, P.A. Attorneys at Law, any and all information and documentation requested. Such information includes, but is not limited to, payoff, per diem, escrow and lien release information. Furthermore, I/We hereby authorize Roper & Taylor, P.A. Attorneys at Law, to correspond with any current or past companies in all matters, including but not limited to: payoff confirmation, escrow, payoff shortages and lien releases and to accrue any charges. Please Note: If this loan is an EQUITY LINE OF CREDIT, this notice serves as a request to block ALL further advances from the Line of Credit, and to permanently close the Line of Credit once payment has been received. A photocopy or fax of this document shall also serve as authorization to provide the information requested.
We will e-mail you and your Realtor a copy of the Closing Disclosure and/or Settlement Statement as soon as we have it prepared. If you require any changes to it, please let us know as soon as possible. If you are required to bring cash to closing, funds must be in the form of a certified or cashier’s check made payable to Roper & Taylor, P.A. Attorneys at Law Trust Account in order for us to comply with North Carolina State Bar requirements. If you wish to wire your funds to us, please contact our Office to request wiring instructions. In the Engagement Letter, please be sure to let us know if you give our Firm permission to e-mail the Closing Disclosure or Settlement Statement directly to your Realtor.
Please be aware that pursuant to the terms of your contract with the Buyer, you must transfer your interest in the property by General Warranty Deed. This deed must be prepared in conformity with North Carolina Law to effectively convey ownership. North North Carolina Law allows us to perform this service on your behalf, or you can make other accommodations to prepare the requisite documentation. In the event we are not providing this service, please provide the documents, or at least a copy of the documents, two days prior to closing for our review.
If you have an outstanding mortgage(s) on the property, as most Sellers do, we will handle obtaining the amount required to pay off the loan or loans. Such amount(s) will be itemized on the Closing Disclosure or Settlement Statement and will be reviewed with you at closing. A copy of the payoff statement will be provided to you at closing as well. Because you accrue daily interest on your loan, and because the amount of the payoff check is typically a fairly large amount, it is our practice to express mail or wire all payoffs to the mortgage company. Our fee to do so is $45 per payoff. We also charge a $50 cancellation fee to ensure proper cancellation of your mortgage in the public records.
We will need to know how you would like to receive your Proceeds Check?
Should you have any questions regarding your closing at any time, please do not hesitate to contact us. We will be glad to answer any questions you may have.