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Real Estate
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"With several decades of corporate life behind me I've endured more than my share of transfers and subsequent home purchases and sales. Twenty to be precise. Without a doubt Lisa and her staff handled my recent home closing more effectively and efficiently than any law firm I've ever used. Lisa and her staff listened, responded quickly, and managed the entire process more professionally than I could have ever expected. No one else in my experience even comes close. Lisa Shippel Law is clearly among the best in Atlanta. I'll never use anyone else for my legal needs."
Residential Closings
The firm provides all Residential Closing services, including buyer, seller and lender representation. Once you send us your contract we handle everything from that point forward. We coordinate your closing, check the title to the property and make sure everything is taken care of so that you can focus on your move. Our staff provides personal service and you will be fully informed throughout the process, without last minute surprises. Purchasing a new home can be stressful, and we understand that and do whatever is possible to make your move a positive and easy experience. We can assist with For Sale by Owner transactions and represent either the buyer or seller depending upon your needs.
With all Closings there is a Wired Funds Requirement Georgia Law O.C.G.A. §44-14-13 requires that all funds for closings in excess of $5,000 be in the form of a wire. CASHIER’S CHECKS AND CERTFIED CHECKS ARE NO LONGER ALLOWED. ALL FUNDS DUE FROM SELLER’S MUST BE WIRED.
The firm provides all Residential Closing services, including buyer, seller and lender representation. Once you send us your contract we handle everything from that point forward. We coordinate your closing, check the title to the property and make sure everything is taken care of so that you can focus on your move. Our staff provides personal service and you will be fully informed throughout the process, without last minute surprises. Purchasing a new home can be stressful, and we understand that and do whatever is possible to make your move a positive and easy experience. We can assist with For Sale by Owner transactions and represent either the buyer or seller depending upon your needs.
With all Closings there is a Wired Funds Requirement Georgia Law O.C.G.A. §44-14-13 requires that all funds for closings in excess of $5,000 be in the form of a wire. CASHIER’S CHECKS AND CERTFIED CHECKS ARE NO LONGER ALLOWED. ALL FUNDS DUE FROM SELLER’S MUST BE WIRED.
Commercial Closings
Lisa Shippel has handled thousands of commercial closings over the past twenty plus years in legal practice. We handle commercial transactions for our clients anywhere in the State of Georgia. Many of our clients have been working with the firm for years and quite a few have been represented by Lisa since she began practicing law. As our client’s needs change, and the approach to purchasing real estate and refinancing commercial loans has changed; especially in the past few years, our knowledge is helpful to clients who are just starting out or who are new to the Atlanta market and the surrounding metro areas. Our vast experience has helped our clients adapt to the new lending regulations, as well as give them guidance based upon what we have seen transpire through the ups and downs in real estate.
The firm represents buyers, sellers, lenders, land developers, and builders in any type of real estate transaction. We close the sale or acquisition and or loan closing for any commercial closing, whether it is a small office condo, vacant tract of land or large retail shopping center. We have a very thorough approach in our handling of commercial matters and can clear title matters, insure title of any size and location in the State of Georgia. We review surveys and draft legal descriptions as well as any documents necessary for a seamless acquisition or sale. We will review or draft any related or necessary easements as well as all documents needed to obtain clear title.
Since we also handle probate and estate matters at the firm, we are able to guide the Seller through the process of transferring title through the proper channels so that the property is clear for Closing and so there are no unforeseen or unnecessary delays.
Title Services and Title Insurance
Lisa Shippel Law has a title insurance agency relationship with Old Republic National Title Insurance Company. Old Republic National Title Insurance Company has over 100 years of experience in the industry and is the Nation's highest overall rated title insurance group. For a quote on commercial or residential title insurance click here for a direct link to the Old Republic published rates. Rates for title insurance change on a regular basis, but we are always competitive and do our best to deliver the highest quality title insurance for the lowest possible cost to our clients.
As agents we carefully review title examinations, clear title exceptions and issue clean title insurance for every acquisition handled by our office. At times there are many issues that are hard to insure or clear. Our long time relationship with Old Republic National Title Insurance Company allows us to work closely with their state legal counsel to underwrite risk and figure ways to correct title matters that have not been corrected in previous transactions.
As a veteran Closing attorney and title insurance agent our firm experience and knowledge has made us experts at facilitating the simple or complex transaction swiftly, accurately, efficiently and customized to meet our clients specific needs. We offer insurance for our direct clients as well as for other Georgia law firms that do not have title insurance agencies. Our best compliment is when another law firm calls upon us to help assist their client with a service they cannot provide time and time again.
Mortgage Refinance
When refinancing your home and in some cases when you are refinancing an office or other commercial property you have the option to chose the closing attorney. We provide personal service no matter the size of your loan and help get the loan closed in a timely and efficient manner. There are no hidden costs in our closings and you will have a list of all fees provided in advance.
You can create your own estimated closing statement by going to: http://lisashippellaw.titlequoteapp.com
All homeowners need to understand everything involved in the refinancing of their home. In most cases, your home is your most valuable financial asset, so you need to be careful when choosing a lender or broker, the closing attorney and the specific mortgage terms. Not all attorneys are the same, and not all provide the same service and fees.
Drafting and Review of Purchase and Sale Agreements
We will draft Purchase and Sales agreements for any real estate matter and customize them to your exact need. Whether your agreement includes owner financing, installment sales, specific contingency clauses related to zoning or financing or any miscellaneous provision necessary for your specific transaction, we can draft the appropriate language to protect you.
Since we have represented thousands of real estate clients, we can educate our clients on many matters that they may have or have not thought through and thereby help them attain the highest success in their specific transaction.
We not only draft contracts for our clients, but we will also review contracts provided by commercial real estate agents, residential real estate agents or other attorneys. On many occasions we work side by side with our client’s real estate agents and review the contracts prior to signature. While some of those contracts are “standard” that doesn’t mean they are best suited for your specific transaction. No two deals are exactly the same. It is our mission not to “over lawyer” a document or create a controversy where none is needed. We point out the potential issues to our clients and explain how something may work in their favor or against them depending upon how the transaction proceeds.
It is important to have your contract reviewed by an attorney prior to signing it. Once both parties have signed and consideration is transferred, it is not likely that the contract can or will be changed by both parties.
Review of Surveys
Whether your purchase or sale requires a survey, sometimes it is best to invest in one so that you can see on paper what you are purchasing. Surveys can disclose encroachments including fences or driveways that you didn’t know went over the property line. It is best to address these items prior to purchasing or selling your property. The review of a survey is important so that a professional can disclose to the purchaser or seller if any matter needs to be addressed prior to the Closing. These matters need to be handled efficiently so as not to cause unnecessary delay. If there are no issues or encroachments or the property is described exactly as it was at the time of the last closing then the survey will stand as a recertification of the description of the property.
In many cases the new survey is different than the legal description that has been previously transferred in the deed records. It is important to obtain a deed with the new legal description, so that the property purchased is completely transferred. As time progresses, property descriptions change due to widening of roads and improvements in surveying equipment among other things. When you rely on an old legal description there is no guaranty that you are purchasing or selling exactly what you think the property is. We can draft the legal descriptions as well as assist in the remediation of any encroachments.
IRC 1031 Tax Deferred Exchanges
According to the Internal Revenue Service, “whenever you sell business or investment property and you have a gain, you generally have to pay tax on the gain at the time of sale. IRC Section 1031 provides an exception and allows you to postpone paying tax on the gain if you reinvest the proceeds in similar property as part of a qualifying like-kind exchange. Gain deferred in a like-kind exchange under IRC Section 1031 is tax-deferred, but it is not tax-free.
Individual property owners, C corporations, S corporations, partnerships (general or limited), limited liability companies, trusts and any other taxpaying entity may set up a tax deferred exchange of business or investment property under IRC Section 1031.
We can efficiently and effectively work with our client’s tax advisors and 1031 Qualified Intermediaries as approved by the Internal Revenue Service, so that the property is transferred appropriately and that no matters trigger the non qualification of the tax deferral. The paperwork must be specific and detailed according to the Internal Revenue Code and even the smallest mistake can cause a taxable event. As an advisor we only work with qualified exchange agents that are knowledgeable, insured and reputable.
Residential and Commercial Leases
We can draft or review your lease, whether it is a one year lease for a home or a long term commercial lease. We are the preferred firm for new franchisees in Georgia for a national restaurant chain and review extensive commercial leases for all sorts of clients on a regular basis. When reviewing the leases, we are able to explain to the client what is normally negotiable and what is not. We also work with the client’s other advisors and coordinate what needs to be reviewed by a third party; for example the insurance clause. While we draft, review and negotiate, we don’t waste our client’s money going back and forth on items that won’t change or cannot be negotiated. We take a practical approach to drafting and reviewing to make sure our clients are protected and understand what is important and required in their business at the new location.
Since we practice in the area of Small Business start up, we also assist with the organization and drafting of all appropriate documents for limited liability companies and corporations for clients who want to lease their real estate to their personal business or vice versa.
Deed Preparation
On many occasions clients desire to transfer property to a spouse or other family member for a certain reason and we can assist with that process. We can assist with the drafting of General Warranty Deeds, Limited Warranty Deeds, Quit Claim Deeds, Executor’s Deeds, Trustee’s Deeds and Security Deeds in the State of Georgia and with the recording of the deed in the county where the property is located. Prior to doing so we can help the client determine which deed is preferable in their specific case and can also perform a title exam if necessary or desired by the client.
In some instances a client’s need is related to an estate planning matter or is necessary as the result of the Probate or Administration of an Estate. Since the firm also provides legal services in the areas of Estate Planning and Probate, we can assist in this matter and provide the necessary legal advice while drafting the documents. We offer legal advice prior to making the transfer, so that the client is knowledgeable and understands whether or not the decision to make the transfer is correct. We can also assist with deed preparation in the case where real estate is being transferred as part of a business sale.
Lisa Shippel has handled thousands of commercial closings over the past twenty plus years in legal practice. We handle commercial transactions for our clients anywhere in the State of Georgia. Many of our clients have been working with the firm for years and quite a few have been represented by Lisa since she began practicing law. As our client’s needs change, and the approach to purchasing real estate and refinancing commercial loans has changed; especially in the past few years, our knowledge is helpful to clients who are just starting out or who are new to the Atlanta market and the surrounding metro areas. Our vast experience has helped our clients adapt to the new lending regulations, as well as give them guidance based upon what we have seen transpire through the ups and downs in real estate.
The firm represents buyers, sellers, lenders, land developers, and builders in any type of real estate transaction. We close the sale or acquisition and or loan closing for any commercial closing, whether it is a small office condo, vacant tract of land or large retail shopping center. We have a very thorough approach in our handling of commercial matters and can clear title matters, insure title of any size and location in the State of Georgia. We review surveys and draft legal descriptions as well as any documents necessary for a seamless acquisition or sale. We will review or draft any related or necessary easements as well as all documents needed to obtain clear title.
Since we also handle probate and estate matters at the firm, we are able to guide the Seller through the process of transferring title through the proper channels so that the property is clear for Closing and so there are no unforeseen or unnecessary delays.
Title Services and Title Insurance
Lisa Shippel Law has a title insurance agency relationship with Old Republic National Title Insurance Company. Old Republic National Title Insurance Company has over 100 years of experience in the industry and is the Nation's highest overall rated title insurance group. For a quote on commercial or residential title insurance click here for a direct link to the Old Republic published rates. Rates for title insurance change on a regular basis, but we are always competitive and do our best to deliver the highest quality title insurance for the lowest possible cost to our clients.
As agents we carefully review title examinations, clear title exceptions and issue clean title insurance for every acquisition handled by our office. At times there are many issues that are hard to insure or clear. Our long time relationship with Old Republic National Title Insurance Company allows us to work closely with their state legal counsel to underwrite risk and figure ways to correct title matters that have not been corrected in previous transactions.
As a veteran Closing attorney and title insurance agent our firm experience and knowledge has made us experts at facilitating the simple or complex transaction swiftly, accurately, efficiently and customized to meet our clients specific needs. We offer insurance for our direct clients as well as for other Georgia law firms that do not have title insurance agencies. Our best compliment is when another law firm calls upon us to help assist their client with a service they cannot provide time and time again.
Mortgage Refinance
When refinancing your home and in some cases when you are refinancing an office or other commercial property you have the option to chose the closing attorney. We provide personal service no matter the size of your loan and help get the loan closed in a timely and efficient manner. There are no hidden costs in our closings and you will have a list of all fees provided in advance.
You can create your own estimated closing statement by going to: http://lisashippellaw.titlequoteapp.com
All homeowners need to understand everything involved in the refinancing of their home. In most cases, your home is your most valuable financial asset, so you need to be careful when choosing a lender or broker, the closing attorney and the specific mortgage terms. Not all attorneys are the same, and not all provide the same service and fees.
Drafting and Review of Purchase and Sale Agreements
We will draft Purchase and Sales agreements for any real estate matter and customize them to your exact need. Whether your agreement includes owner financing, installment sales, specific contingency clauses related to zoning or financing or any miscellaneous provision necessary for your specific transaction, we can draft the appropriate language to protect you.
Since we have represented thousands of real estate clients, we can educate our clients on many matters that they may have or have not thought through and thereby help them attain the highest success in their specific transaction.
We not only draft contracts for our clients, but we will also review contracts provided by commercial real estate agents, residential real estate agents or other attorneys. On many occasions we work side by side with our client’s real estate agents and review the contracts prior to signature. While some of those contracts are “standard” that doesn’t mean they are best suited for your specific transaction. No two deals are exactly the same. It is our mission not to “over lawyer” a document or create a controversy where none is needed. We point out the potential issues to our clients and explain how something may work in their favor or against them depending upon how the transaction proceeds.
It is important to have your contract reviewed by an attorney prior to signing it. Once both parties have signed and consideration is transferred, it is not likely that the contract can or will be changed by both parties.
Review of Surveys
Whether your purchase or sale requires a survey, sometimes it is best to invest in one so that you can see on paper what you are purchasing. Surveys can disclose encroachments including fences or driveways that you didn’t know went over the property line. It is best to address these items prior to purchasing or selling your property. The review of a survey is important so that a professional can disclose to the purchaser or seller if any matter needs to be addressed prior to the Closing. These matters need to be handled efficiently so as not to cause unnecessary delay. If there are no issues or encroachments or the property is described exactly as it was at the time of the last closing then the survey will stand as a recertification of the description of the property.
In many cases the new survey is different than the legal description that has been previously transferred in the deed records. It is important to obtain a deed with the new legal description, so that the property purchased is completely transferred. As time progresses, property descriptions change due to widening of roads and improvements in surveying equipment among other things. When you rely on an old legal description there is no guaranty that you are purchasing or selling exactly what you think the property is. We can draft the legal descriptions as well as assist in the remediation of any encroachments.
IRC 1031 Tax Deferred Exchanges
According to the Internal Revenue Service, “whenever you sell business or investment property and you have a gain, you generally have to pay tax on the gain at the time of sale. IRC Section 1031 provides an exception and allows you to postpone paying tax on the gain if you reinvest the proceeds in similar property as part of a qualifying like-kind exchange. Gain deferred in a like-kind exchange under IRC Section 1031 is tax-deferred, but it is not tax-free.
Individual property owners, C corporations, S corporations, partnerships (general or limited), limited liability companies, trusts and any other taxpaying entity may set up a tax deferred exchange of business or investment property under IRC Section 1031.
We can efficiently and effectively work with our client’s tax advisors and 1031 Qualified Intermediaries as approved by the Internal Revenue Service, so that the property is transferred appropriately and that no matters trigger the non qualification of the tax deferral. The paperwork must be specific and detailed according to the Internal Revenue Code and even the smallest mistake can cause a taxable event. As an advisor we only work with qualified exchange agents that are knowledgeable, insured and reputable.
Residential and Commercial Leases
We can draft or review your lease, whether it is a one year lease for a home or a long term commercial lease. We are the preferred firm for new franchisees in Georgia for a national restaurant chain and review extensive commercial leases for all sorts of clients on a regular basis. When reviewing the leases, we are able to explain to the client what is normally negotiable and what is not. We also work with the client’s other advisors and coordinate what needs to be reviewed by a third party; for example the insurance clause. While we draft, review and negotiate, we don’t waste our client’s money going back and forth on items that won’t change or cannot be negotiated. We take a practical approach to drafting and reviewing to make sure our clients are protected and understand what is important and required in their business at the new location.
Since we practice in the area of Small Business start up, we also assist with the organization and drafting of all appropriate documents for limited liability companies and corporations for clients who want to lease their real estate to their personal business or vice versa.
Deed Preparation
On many occasions clients desire to transfer property to a spouse or other family member for a certain reason and we can assist with that process. We can assist with the drafting of General Warranty Deeds, Limited Warranty Deeds, Quit Claim Deeds, Executor’s Deeds, Trustee’s Deeds and Security Deeds in the State of Georgia and with the recording of the deed in the county where the property is located. Prior to doing so we can help the client determine which deed is preferable in their specific case and can also perform a title exam if necessary or desired by the client.
In some instances a client’s need is related to an estate planning matter or is necessary as the result of the Probate or Administration of an Estate. Since the firm also provides legal services in the areas of Estate Planning and Probate, we can assist in this matter and provide the necessary legal advice while drafting the documents. We offer legal advice prior to making the transfer, so that the client is knowledgeable and understands whether or not the decision to make the transfer is correct. We can also assist with deed preparation in the case where real estate is being transferred as part of a business sale.
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