How remote closings work

[Eric Konitski]

Hello I’m looking to get into the disposition side of real estate. I’m wondering if I have to have a remote closing how does the process work? Does title just send everyone their necessary paperwork? Also what kind of information might I need from the buyer and seller

[Nina Ning]

I just did one remote closing myself. The title company get everything ready. They will send all paperwork to a certified notary personnel and will meet with you to sign. Then the paperwork will be notarized and fedex'ed back to title company to have sellers to sign. You will receive an executed contract after that.  i asked the title company to send me a copy earlier so i can review it beforehand and have any questions answered before I meet with the notary person. Good luck! Nina

[Charlie MacPherson]

@Eric Konitski  That's going to vary by state.  In the two states where I was licensed (Mass and Maine), the only ways to close was by a "wet" in-person signature (non-electronic) or by a power of attorney.

I was also a Notary Public in Massachusetts.  We were not allowed to conduct closings, though other states allow it.

[Eric Konitski]

@Nina Ning thank you

[Eric Konitski]

@Charlie MacPherson thank you

[Nick G.]

I’ve done remote closing selling a property, I provided power of attorney to the lawyers office doing the closing, reviewed the closing statement prior and gave the green light to close.

[Jay Hinrichs]

Originally posted by @Charlie MacPherson:

@Eric Konitski  That's going to vary by state.  In the two states where I was licensed (Mass and Maine), the only ways to close was by a "wet" in-person signature (non-electronic) or by a power of attorney.

I was also a Notary Public in Massachusetts.  We were not allowed to conduct closings, though other states allow it.

wow I do all my closings as mail aways.. so in your state , what you have to give the closing attorney  your power of attorney to sign for you as the seller buyer ??  

[Charlie MacPherson]

@Jay Hinrichs  Yes - that's how I closed when we moved from Massachusetts to Maine last year.  

While we were driving north along with the moving truck, our attorney (with PoA) did our closing and wired the funds to the title company in Maine.

Even if a mail closing was allowed, it wouldn't work well for someone who was doing a back-to-back closing on a primary residence.  It wouldn't be the end of the world, but it would likely mean a couple of nights in a hotel while waiting for mail or FedEx to get docs where they need to be.

[Jay Hinrichs]

Originally posted by @Charlie MacPherson:

@Jay Hinrichs  Yes - that's how I closed when we moved from Massachusetts to Maine last year.  

While we were driving north along with the moving truck, our attorney (with PoA) did our closing and wired the funds to the title company in Maine.

Even if a mail closing was allowed, it wouldn't work well for someone who was doing a back-to-back closing on a primary residence.  It wouldn't be the end of the world, but it would likely mean a couple of nights in a hotel while waiting for mail or FedEx to get docs where they need to be.

well docs can get sent out 3 to 5 days before the actual closing date we do this all the time.. so thats not an issue.. 

and now a days many states you don't even need the originals on cash purchases  scanned copies work  for the buyer we do this often in mid west and southern states..  In Oregon here I sign my deeds way in advance of closing  so I only need docusign from the title company when its ready to close.. ( again on the sellers side)