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Updated about 11 years ago on . Most recent reply

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Craig Herman
  • San Francisco, CA
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Possible to cash close from a different country?

Craig Herman
  • San Francisco, CA
Posted

Im planning on going to Europe for a few months, and will need to cash close (buy,not sell) a deal or two while abroad. Is it possible to purchase (all cash on land properties) from a different country? Im a US citizen, BTW.

I know I can wire funds from my bank from any country, but Im not sure if the closing papers need to be notarized, if I need to sign anything at all, or if electronic cash closings exist.

Thank you so much

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Allen Maris
  • Investor
  • Santa Ynez, CA
173
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373
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Allen Maris
  • Investor
  • Santa Ynez, CA
Replied

Hi Craig,

I recently purchased from out of the country and had to make an appointment with the US Consulate to sign and have them notarize. I wired money to escrow so never had to deal with the money part in person.

A couple of pointers:

Keep reminding everyone you're out of the country and you'll have to do that. Even after I reminded everyone a few times, they had forgotten when the closing time came around.

Check with the Consulate well in advance of needing to do this and why you're doing it. A regular appointment could be weeks away, which could be hard to get to sync up with a closing.

Best of luck. I'm sure there are people with a lot more experience than I have doing this.

Allen

  • Allen Maris
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