1000 N. ELM STREET GREENSBORO, NC 27401
(336) 609 6300 (MAIN)(336) 900 1611 (FAX)
Seller Sheet
This form must be returned within 3–5 days of scheduling closing to avoid delays.
If signing by mail, include a copy of your valid photo ID. If signing in our office, bring valid photo ID with you.
SELLER DOCUMENT PREPARATION / REPRESENTATION
If closing occurs at another firm, you may hire us to prepare your seller documents.
If closing occurs at our firm and we prepare seller documents, we do not represent you. We prepare documents necessary for the buyer’s closing.
If a dispute arises, we cannot provide legal advice to you.
REQUIRED DISCLOSURES
You must inform us of:
- All mortgages
- Equity lines
- Judgments
- Liens
- IRS or tax liens
- Any other encumbrances
If married, your spouse must sign the deed, even if not on title (unless a valid exception applies).
If separated or divorced, notify us immediately.
PAYOFF INFORMATION
We must obtain official written payoff statements. Online balances are not sufficient.
- $150 fee per payoff
- Payoffs must be valid at least 10 days beyond closing
- Interest accrues daily
If a payoff shortage occurs, you agree to promptly provide funds to cure the deficiency; we will not be curing the deficiency on your behalf.
If an overpayment occurs, you are responsible for obtaining a refund directly from the lender.
DISBURSEMENT OF PROCEEDS
Under North Carolina law, funds cannot be disbursed until recording is complete.
We disburse proceeds by check only. No wires.
Overnight delivery fee: $60
No charge for in-office pickup.
FINCEN REPORTING
Certain cash transactions must be reported to FinCEN. We cannot close without required information.
ADDITIONAL EXPENSES / SHORTAGES
If post-closing shortages exceed $50, you agree to promptly remit payment.
If refunds under $75 are due, our office may retain them.
TAX PRORATIONS
Property taxes are estimated at closing. Final tax bills may differ.
Buyer and Seller agree to resolve any post-closing discrepancies directly and hold our office harmless. We will not cure any deficiencies for county taxes.
FINAL WATER ASSESSMENTS
The City of Greensboro ALWAYS has a final water bill reported after the closing. The City will put a lien on the property if it is not paid. It is the responsibility of the Seller to pay that water bill. Buyer and Seller agree to resolve any post-closing discrepancies directly and hold our office harmless. We will not cure any deficiencies for water assessments.
STANDARD SELLER DOCUMENTS MAY INCLUDE:
- General Warranty Deed
- Owner Affidavit
- 1099
- Settlement Statement
- Non-Foreign Affidavit
- Odyssey Affidavit
- Correction Agreement / Limited POA
MAIL-AWAY CLOSINGS
Advance notice is required. Additional fees may apply.
Valid photo ID must accompany mailed documents.
***DUE TO TIME SENSITIVITY OF INFORMATION AND LENDER DISCLOSER REQUIREMENTS ALL HOA
INFORMATION WILL BE ORDERED AS “RUSH”. SELLER IS RESPONSIBLE FOR ALL FEES CHARGED BY MANAGEMENT COMPANY INCLUDING “RUSH” ORDER FEES.***
I/We hereby authorize Adelia Schiffman Law Group, PLLC 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 Adelia Schiffman Law Group, PLLC any and all information requested. Such information includes, but is not limited to, payoff, per diem, escrow and lien release information. Furthermore, I/We hereby authorize Adelia Schiffman Law Group, PLLC 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 and charges.
***NOTE: If Seller isn’t attending closing OR is signing early, a POA is REQUIRED!***
***The fee for preparing this document is $150.00***
