Fraud Alert, Happy 4th of July & Thank You!

Written by Joel Gerber. Posted in Closing Tips, Real Estate

I recently learned of a new scam going on and wanted to pass this on. Several clients in other parts of Georgia have fallen victim to this. First, the buyer receives an email from his/her agent or the closing attorney with the law firm’s wiring instructions. Next, someone hacks into the law firm’s or agent’s email account and sends the buyer “updated” or “corrected” wiring instructions. I’m sure you see where this is going. Please make sure that you mention to your clients that if he/she receives an email with “updated” or “corrected” wiring instructions to contact the closing attorney by phone to verify the accuracy of the wiring instructions.

On a happier note, I want to wish you and your family a happy and safe holiday weekend. Also, I want to take this opportunity to thank everyone who has allowed me and my team to be a part of your closings this year. Wishing you a busy and prosperous 2nd half of the year!

If you have any questions regarding this post or have any other questions regarding real estate closings, trusts and estates, probate and LLC formations please call me on my cell anytime at (912) 484-1996 or email me at jgerber@brannenlaw.com (even nights and weekends).

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Closing Tip: You Want A Smooth Closing? You Better Select A GREAT Lender!

Written by Joel Gerber. Posted in Closing Tips, Real Estate

It goes without saying that you MUST select a great closing attorney (and staff) and real estate professional when putting together your TEAM to purchase a home. Do NOT, however, take your selection (or for realtors your lender recommendations) lightly.  The fact is a great lender can make all the difference when it comes to finalizing your TEAM.

What many people do not realize is that the lender is more than the loan officer (also known as the loan originator or the person you know at the bank that is sooooo nice). While the loan officer generally is the face of the lender in many instances and plays a critical role, there are two other components to a lender that cannot be ignored – the underwriting and closing department. Below I will briefly address the role of each of the three members of the lending team that you MUST research before selecting a lender.

Closing Tip: What the HECK is Going on with Flood Insurance Premiums?

Written by Joel Gerber. Posted in Closing Tips, Real Estate

One of the biggest topics surrounding real estate right now is: What the heck is going on with flood insurance premiums? Well, in 2012 the Biggert Waters Flood Reform Act (the “Act”) was passed by Congress. In part it was designed to extend the flood program five years. Why? To help eliminate closings that were being delayed because flood insurance was not available.

What also was included was a plan to bring the National Flood Insurance Program out of the doldrums and make it self-sufficient. While all that sounds great, what was never reviewed was the potential financial impact on some homeowners.

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