Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 9 months ago, 02/26/2024

User Stats

8
Posts
14
Votes
Yoni Meth
14
Votes |
8
Posts

Closing remotely from abroad with lender

Yoni Meth
Posted

I'm a US citizen but currently living in Israel, and I'm in the process of purchasing a property in Columbus Ohio.

My plan is to do some rehab and therefore I want to take a hard money loan which will cover 80% of the purchase price and 100% of the renovation.

While talking to the title company, they said there was no problem with me signing with a remote notary.

But, the problem is with the lender who requires a wet signutre, and has given me the following options:

1. Assign a power of attorney to sign in the US (the POA will be signed with a remote notary - and also that some lenders did not allow)

2.  Go to the US embassy and sign with a US notary. 

3. Fly to the US, and sign it in person with a mobile notary (wet signature)

Going to the embassy is not an option since getting an appointment over there can take months...

I had a thought which I spoke with fellow investors, to sign the documents with an Israeli notary and then get an Apostille stamp. once I have it all with a wet signature I'll mail the documents with DHL/UPS and it will arrive by the lender/title company in 10 days.

As far as I know, a notary signature with an apostille stamp is valid for every legal document almost all over the world...

What do you think? 

Did any of you manage to do something like that?

Any of the lenders here can qualify if it's possible?

Thanks a lot!

Loading replies...