Closing and Funding Update – Action Needed

Campbell & Brannon continues to pre-close all 132 Sobu units.  A new projected funding date for the closing of June 8, 2018 has been identified.  This funding date is necessary due to title matters unique to certain units discovered in pre-closing which must be cleared prior to funding all transactions.  However, while the funding date is now projected to be June 8, 2018, it is critical that all unit owners schedule signing appointments with Campbell & Brannon in the coming weeks.  With 132 Seller signings being required prior to funding, the sooner all signings occur, and title matters are resolved, the closer everyone is to the finish line.   

Please email sobu@campbellandbrannon.com to schedule your signing appointment if you have not done so already.  Please suggest your preferred time, and they will do their best to accommodate your schedule.  Available signing dates include April 3^rd through April 20^th (excluding weekends) between the hours of 9 and 4 each day. 

All unit owners should plan to continue to make their April and May HOA and mortgage payments as usual.  Until the funding of the transaction occurs, each unit owner is responsible for their unit’s expenses.

Prior to each Seller’s signing appointment at Campbell & Brannon, each unit owner should connect with Josh or Shawn to review and sign their required one-year lease-back documents in the contract with the new owner and to schedule a walkthrough to complete a current condition report with the new property management company. The walkthrough for each unit will take approximately 30 minutes. Detailed information on the lease and new property management company will be provided this week via the blog. Signing closing documents will not be possible if the lease-back documents have not been executed prior to each scheduled signing appointment. If you currently have a tenant with a written lease, an additional amendment to your existing lease will also need to be signed by you and your current tenant.  Josh and Shawn will be available onsite at SOBU cyber center to do walkthroughs of units starting April 2nd, April 5th, April 7^th from 10 AM - 8 PM, and April 8^th from 1-5pm. Please email Shawn at shawndaugherty@atlantafinehomes.com to scheduled a time for a walkthrough.