What do Sherman & Phalen and Amazon have in common?

Don’t we all just love Amazon! Anything you need from toilet paper to a Star Wars branding toaster (look it up), can be at your doorstep in just two days! If almost any product can come straight to you, why can’t closing services? I admit, we’re not as exciting as Amazon, but the attorneys at Sherman & Phalen will come to a location that is convenient to you for your closing. 

Most closing attorneys make all parties close in their office, which may not always be close to your home or work. But at Sherman & Phalen, we work with you to schedule your closing at a bank or office location close to you.

Our office—located just off of I-75 in Cobb County—may be convenient for you. But if it isn’t, do you want to fight Atlanta traffic to sign documents to refinance your home? Probably not, and for those odd birds who might enjoy sitting in traffic (uh, Star Wars toaster), you are still welcome to come to our office. Let your lender know that you want to use Sherman & Phalen as your closing attorney and we’ll come to you!

New Homes Expo

Join us today at the New Homes Expo at the Cobb Civic Center from 11-4pm. 

Meet home builders, local agents, and other real estate professionals to learn what's being built and home buying opportunities in Cobb County. 

Speak with two of our attorneys, David Sherman and Erin Nations, to learn how we can help you navigate the home buying and closing process. 

Hope to see you there!

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Is Jack from "This is Us" too perfect?

For those of you that watch “This is Us” on NBC, is the father, Jack, annoyingly perfect?  I know this may be an unpopular and uneasy topic for all the fans of the show.  Don’t get me wrong, I really like the show, but Jack’s character does not embody a realistic husband and father.  He builds his wife her dream home with his own hands AND when things break over the years, he happily does all the repairs himself.  No nagging required from his wife, no spending thousands of dollars on a contractor, nope, Jack’s got it covered with a big smile on his face.  Really?!?!

Fortunately, for the rest of us, there are great construction and home equity loan products on the market.  The attorneys at Sherman & Phalen are widely experienced in construction and home equity loan closings.  We represent dozens of lenders that provide competitive rates and fees for these types of loans. 

So, can’t find your dream home?  Think about building or remodeling your existing home.

Are home repairs or life’s unexpected surprises adding up?  Think about a home equity loan.

With Atlanta’s rising home values, you may have more equity in your home than you think.  Don’t know where to start?  Is your bank telling you that they don’t do construction loans?  Give us a call.  We have lots of great lender referrals!

"Adulting" is Hard, Closing on Your Home Shouldn't Be

I have Sirius XM radio.  I love the stations like Backspin (80s/90s hiphop), Prime County (80s/90s country, and Lithium (90s alternative rock).  They remind me of a simpler time where life decisions were easier, red flannel shirt or blue?  Doc Martins or Birkenstocks?  Yes, I was a teenager of the 90s.  Now, life’s decisions are filled with kids, career, marriage and mortgages.  Don’t get me wrong, I don’t think I could be paid enough to revisit the awkwardness of high school but being a full-on adult is hard! 

While its part of the American Dream, owning a home can be stressful!  Furthermore, the closing process is challenging enough to make most people wish they were back at their school cafeteria table rather than a closing table.   Don’t let your home mortgage add to the stress of “adulting.”   At Sherman & Phalen, we have an experienced and friendly group of staff and attorneys that are here to alleviate your closing concerns.  Let your lender know that you want Sherman & Phalen to close your loan and we’ll help make your closing process go smoothly.  Heck, sometimes our closing table is even more fun than that square pizza from your school cafeteria!

Choices

I just ordered a cake from Brusters Ice Cream for my daughter’s birthday party.  So many decisions; vanilla cake or chocolate, type of filling, ice cream flavor, icing color and so on.  A lot of choices for a cake that costs less than $40 and don’t even get me started on decisions to be made for a $5 cup of coffee at Starbucks!  We, as Americans, love to have choices, and fortunately we live in a place where we have so many options for food, careers, education, housing, etc…  However, does anyone find it ironic that when most people buy a home, their biggest asset, they don’t realize that they have a choice as to the closing attorney?  Yes, homebuyers can choose the law firm that they want to handle their closing process.

The buyer has the right to name the closing attorney on their purchase contract.  As closing attorneys, we are involved in the entire closing process, making sure all parties are coordinated, moving money, and making sure that the property you are buying is free from liens and ownership issues.  Think of us as air traffic control.  All of our attorneys have been handling real estate closings for years and our firm was initially opened in 1996.  We assign each closing to a dedicated professional rather than passing the file to a new person for each step of the process.  Our attorneys are accessible to address buyer concerns and we make closings convenient and efficient for all parties.  You would think these would be standard practices with all closing firms, but I encourage you do the research and discover that at Sherman & Phalen, you will receive a higher level of service at competitive attorney fees. 

On your next property purchase, don’t let someone else dictate who your closing attorney will be.  Give us a call and ask that we be named on the contract.  After all, you don’t want someone else making your Starbucks decisions and that’s only a cup of coffee!

Title Insurance Can Save Your Life

Well, maybe not literally, but 100% of first mortgage lenders cannot live without it. The American Land Title Association (ATLA) estimates title problems arise in 36% of property transactions.  Why wouldn’t a lender want insurance protecting their security with those types of odds?

Whether a borrower is purchasing a new home or refinancing an existing one their lender will require the purchase of a lender’s title insurance policy.  Such a policy protects the lender from loss or damage resulting from liens, encumbrances, or defects in the title to the property given as security in exchange for loan. In much the same way title insurance can protect property owners too.

The first step in issuing a policy of title insurance is the title search.  The closing attorney performs or orders the title search which includes a search of the tax and deed records for the property given as security.  The search is to determine if any taxes are owed, the names of the property owners, and whether there are any existing liens on the property, including mortgages, judgments, and tax executions.

The most common problems uncovered by a title search involve missing releases or satisfactions for paid off liens or mortgages, followed by misspelled names and incorrect legal descriptions.  Although infrequent, the most troublesome title issue to correct involves estates of deceased property owners. Prior to closing and issuing a title policy the closing attorney will work to correct any issues found during the title search. But even the best title search cannot uncover forgeries, unknown heirs, or misindexed documents. That’s where title insurance comes in.

Lenders rely on title insurance to protect their asset (the loan) and insure the marketability of the debt (most all loans are packaged and sold to an investor). Home owners when buying property should follow suit and protect themselves from loss too.

Contact us for a title insurance quote or find title premium calculators on our homepage.

We added another state!

Sherman & Phalen is pleased to announce we can now close real estate transactions in South Carolina and offer title insurance through Old Republic Title Insurance Company.  If you have real estate closing needs in Georgia, Florida, or South Carolina, we can help.  Call one or our attorneys or staff or email us for more information.

New Website, New Services

Sherman & Phalen has a new website to go along with new services! We are excited to now offer commercial title services providing title search and insurance products to commercial lenders and processing services to assist Georgia attorneys that may have a real estate client but not the time, experience, or resources to close their transactions.

We still close purchase and refinance transactions any where in Georgia and Florida.  Let us know how we can help you!

Georgia Good Funds Law

Are you complaint with Georgia’s revised Good Funds Law?  We are! In 2012 the Georgia Legislature revised the Georgia Good Funds Law to require either the lender or a Georgia licensed attorney settle and disburse any Georgia, lender-funded, residential real estate transaction.  Our attorneys and staff can close on any transaction, anywhere in Georgia, in compliance with these new requirements. 

Georgia law (O.C.G.A Section 44-14-13, the "Good Funds" law) requires all funds to be received by the closing attorney in excess of $5,000.00 be “good funds”. Our firm policy is as follows:

  • We will accept personal checks up to $2,000.00
  • For amounts between $2,000.00, up to and including $5,000.00, a Cashier’s Check issued by a local or national bank or credit union will be accepted.
  • For amounts more than $5,000.00 our firm requires funds be transmitted to us by wire.