Information Security and Return of Completed Information Form- If you prefer to not email the completed form with personal information such as your wire/account information and/or Social Security number and you are not able to fax the completed form to our office, please call our office to provide this information or let us know and we will send you a secure email through our encrypted server which you can reply to and attach your information.
Seller Document Preparation and Fees- As the seller of the property, you are responsible for providing several documents for closing, including the deed, a lien waiver and various other tax related documents specific to each seller/transaction. We can prepare these documents for you, or you can hire another attorney to prepare your documents. If you would like for our office to prepare your seller documents, our fee is $250.
**Pursuant to the North Carolina Rules of Professional Conduct, any documents prepared by Brady Law Firm on behalf of the seller(s) are prepared to protect the interests of our clients, the Buyer(s). As attorneys for the Buyer(s), we cannot provide legal advice to the Seller(s). If there are any questions concerning the legal significance of the documents prepared, we encourage the Seller(s) to seek separate legal counsel.
Mortgage Payoff Funds- In order to ensure clean title is conveyed to the buyer(s), our office will collect the necessary funds at closing to pay off any existing mortgages on the property. Our fee to deliver the payoff funds via wire transfer or overnight courier and to ensure each mortgage is canceled off record is
$75 per payoff. This fee includes the wire transfer and/or overnight courier fees we incur in delivery of the funds to the note holder.
Receipt of your Proceeds- By law, we cannot disburse any funds from the transaction until; 1. We have received all funds for the transaction (including the buyer’s loan); 2. All of the funds have been deposited into our real estate trust account; and 3. The deed has been recorded with the county. Once the deed has
been recorded, we will have your funds available in the form of a check from our real estate trust account for you to pick up from our office. If you would prefer that we wire your funds to you or send your check via FedEx, we will be glad to do so; there is a fee of $40 for FedEx Standard delivery of your check and $50 for a wire transfer. We encourage you to not have your check mailed to you via USPS. If you insist that we mail your check and the check is lost or damaged, there will be a $50 fee for placement of a stop payment and issuance of another check.
Wire Transfers- If you would like us to wire funds to you, we will make every effort to initiate the wire transfer as soon as we are legally allowed to disburse funds. Due to recording, wire cutoff times, and if your closing takes place after 2 pm your wire may not be initiated until the following banking day. Once a wire transfer is initiated, we have no control over when it will be received. Most wires are received within 15 minutes to 2 hours. However, some transfers can take as long as 4 to 8 hours for the funds to show up in your account. Also, not all accounts are eligible to receive wire transfers, such as some savings and money market accounts. Please confirm with your bank whether your account can receive a wire transfer and the correct routing number