Georgia Good Funds Law

Georgia law now requires closing funds to be “collected” funds. In most cases, this means that closing attorneys can no longer accept checks of any type (i.e., cashier’s checks, teller’s checks, certified checks or similar), except for nominal amounts.

Where Do I Send The Wire?


Wire instructions will be provided to you early in the closing process.


How Much Do I Send?


If you are a buyer, we can provide you with an accurate closing figure prior to the closing.

If you are a seller and need to bring funds to the closing, it is best to contact us to provide the exact amount you will need to wire.


When Do I Send The Wire?


We recommend sending your wire so that it is received by our firm at least 24 to 48 hours before the scheduled closing. This may involve requesting a wire with your sending financial institution up to five business days in advance.


What's The Difference Between Wire Transfer and ACH?


Wire transfer is not a bill pay or ACH transfer. ACH transfers are not trackable and take several days to clear. Wire transfers are trackable and are generally sent on a same day basis. However, we recommend that all wires be ordered to be received at least 24 to 48 hours prior to the scheduled closing.


When Do I Make Contact To Verify Receipt Of My Wire?


Once your wire has been initiated and enough time has elapsed for us to receive your wire (your sending bank should give a delivery time estimate), please contact us to verify your wire has been received.


Where Can The Seller's Net Proceeds Go?


We can wire the seller’s net proceeds to the seller or another closing attorney. Please contact us at least three (3) business days prior to closing to request this service. We must have wiring instructions.


What Are The Wire Changes?


Our bank charges $20.00 for each incoming wire and $25.00 for each outgoing wire. The outgoing wire cut-off time is 2:00 p.m. (Eastern). A $25.00 outgoing wire fee will be charged for this service.



What Should The Buyer Do To Prepare For Closing?



  • All Buyers/Borrowers must be physically present at closing. Many lenders and title insurance companies will not allow a Power of Attorney to be used for closing. If you want to use a Power of Attorney, please provide a copy of the Power of Attorney to us at least ten days prior to closing so that we can submit it for approval.


  • Bring two valid (not expired) photo I.D.s to closing. Most lenders only require one photo I.D., but some require two.


  • Please contact us at least 5 days prior to closing to arrange to wire to us your funds needed for closing. We cannot accept personal checks, certified checks, cashier’s checks, ACH transfers, etc.


  • Please review the Settlement Statement prior to closing. If you have any questions about any charges, please ask us to explain prior to closing. Sometimes the loan officer is not available for us to call with questions during a closing so it is best to resolve any issues prior to closing.


  • Please request your insurance agent to send your hazard insurance policy to us prior to closing.


  • Please verify our location and the time of the closing.


  • Please bring any documents requested by the lender such as the Settlement Statement from the sale of your former home.


  • A typical real estate closing usually takes about an hour or less. Please understand there will be many different forms to review and sign.


Powers of Attorney


A power of attorney is an instrument where one person, a principal, appoints another person as agent to perform certain acts on the principal’s behalf. However, third parties are under no legal obligation to accept a proffered power of attorney.


If you are buying, selling or refinancing property and would like to use a power of attorney for your closing, please contact us. We are happy to prepare the form for you, or evaluate an existing form, as well as have it approved by the title insurer and lender (where applicable). Title insurers have strict requirements when working with principals through agents. The requirements vary for each of the following categories of transactions –


Real Estate Purchases for Cash

Purchase or Refinance Loans

Sellers of Real Estate


Please note that the law requires us to verify the principal has not revoked the Power of Attorney at the time a power of attorney is used. Because principals are often not available for verification, we are always willing to explore alternative options.