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This is the memo we give to sellers:
Memo to SellersWe have been retained by the buyers to conduct the closing on the purchase of the above-referenced property. We have enclosed the following forms: Please complete the Information Sheet and deliver it to us. Please note when listing existing mortgages, do not forget to list any equity lines you may have on the property even if they have a zero balance. Many of your questions may be answered in the Frequently Asked Questions Section. Please contact us if you have any questions after reading this section. In the interest of full disclosure to you, our legal duties as the closing attorney are owed primarily to the buyer and secondarily to the lender (if any). Although we are ethically allowed to prepare the deed and lien waiver on your behalf, we do not represent you. If you believe you need representation or legal advice in this transaction, please retain separate counsel well in advance of closing. Thank you in advance for you cooperation and assistance in making the closing of the sale of your real property conclude smoothly and efficiently.
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