UPDATED GUIDELINES FOR EFFECTIVE

SOCIAL DISTANCING AT A REAL ESTATE CLOSING

Updated May 1, 2021

 

For the benefit of our clients, McMillan, Psaroudis & Markey, PA will continue to operate and conduct closings.  In a continuing effort to comply with the CDC guidelines and to best protect our staff, clients, agents, and any third parties who are involved in our office’s real estate transactions, we will continue to have temporary policies in place for our offices and will continue to evaluate and change as needed.

HEALTH AND SANITATION PRECAUTIONS

On Your Part:

  • IF YOU ARE SICK OR EXHIBITING SYMPTOMS. To best protect our staff, we ask that any individual who is exhibiting any signs or symptoms of sickness reschedule your closing appointment.
  • IF HAVE HAD CONTACT WITH SOMEONE EXHIBITING SYMPTOMS. Unfortunately, the best advice from the CDC is to proceed in the same manner as if you were sick.
  • WASH YOUR HANDS. Prior to engaging in any closing activity please thoroughly wash and/or sanitize your hands. These activities include:
    • Handling documents
    • Signing documents
    • Final walk-throughs
    • Entering buildings (doorknobs, elevator buttons)
  • AVOID PHYSICAL CONTACT WHERE POSSIBLE. Please accept our apologies for not shaking hands and please do not be offended when we decline.
  • AVOID LINGERING IN THE CONFERENCE ROOMS. Prior to entering the office please have your driver’s license available for photocopying.  Upon entering the office, our receptionist will direct you to our copy machine so that you can make a photocopy of your license and you will then be immediately directed to a conference room.  Once the attorney has indicated that your closing is complete, please exit the conference room and our office as soon as possible.  For Builder closings where we may not be able to release your keys because we are waiting to receive funds, we will ask that you provide us with a phone number so that we may call you to return as soon as those funds have been received.

On Our Part:

  • WE PLEDGE TO FOLLOW THE SAME PROTOCOLS LISTED ABOVE.
  • ADDITIONAL STEPS WE WILL TAKE:
    • Spray and/or wipe conference room tables and chairs between closings
    • Handout new pens for each closing, we encourage you to take the pen with you when you leave.
    • Maintain a distance of at least six feet from other individuals where possible.

PARTIES AT CLOSING

  • BUYERS/BORROWERS/SELLERS. Please follow the directions above and bring only the necessary signers to the table. In the event you need to bring additional parties with you, we kindly ask that they wait in your car. We understand that bringing children to the closing is sometimes unavoidable, but we encourage you to avoid bringing them if at all possible.

 

CLOSINGS AND PHYSICAL LOCATIONS

  • OFFICE HOURS. Our office will continue to be open for closings and our hours will remain 8:30 to 5:00; however, we are continuing to have an Appointment Only policy. If you do not have a scheduled appointment, please call or email our office as we will not be able to greet walk-ins.
  • LENGTH OF CLOSINGS.  Our office prides itself on our attorneys’ friendliness and desire to educate buyers about the closing process and to explain all closing documents.  At this time and to shorten the amount of time of closing (and thus lessen exposure), our attorneys will quickly review all documents at closing and will attempt to have buyers in and out of the office within 20 minutes.  If you would prefer to read your loan package in advance, please contact your paralegal who can email you the package prior to closing.
  • We will attempt to record electronically where possible to limit additional exposure while at the Register of Deeds.  Where “Physical” or “in-person” recording is necessary, we will visit the Register of Deeds ONLY ONCE A DAY to limit additional exposure.  Please understand that this may delay the recordation and distribution following the closing.
  • If it is unavoidable that your closing be rescheduled, please communicate with our office and the other parties.  Additionally, if your transaction involves a loan, please consult with your bank regarding the expiration of your interest rate lock.

FINANCIAL

  • CASH CLOSINGS. All cash closings (e.g. not involving a loan), other than purchases from a Builder, will be handled remotely, without a physical in-office closing.
  • FUNDS FOR CLOSING. All funds needed for closing that exceed the amount of $500 will need to be wired to our office. We cannot accept Cash or ACH transfers. We also cannot accept checks that exceed $500. Your closing paralegal will be happy to provide you with the necessary wiring instructions prior to closing.
  • EARNEST MONEY DEPOSITS. If possible, please mail or wire Earnest Money deposits. In the event you do need to drop off the Earnest Money check, please contact Cathy Norton cnorton@mplawcarolinas.com so that arrangements can be made to minimize your need to be in the office. Acknowledgments will be emailed as soon as possible.

 

Thank you for your continued understanding and cooperation.