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Updated over 7 years ago on . Most recent reply

User Stats

10
Posts
2
Votes
Walt Middleton
  • Investor
  • San Antonio, TX
2
Votes |
10
Posts

Legal issues with closing a contract from a foreign country

Walt Middleton
  • Investor
  • San Antonio, TX
Posted
We are purchasing an apartment in San Antonio through an LLC. One of the LLC members is currently out of the country. The question is about the notary required for closing. It seems that some states require that if one of the loan guarantors is closing from outside the US that they must go to the US embassy to have a US registered notary affix their stamp to the document. On the other hand other states, like Florida, simply require that the notary be a legal entity within the country of signing. So my question is which kind of state is texas? I can't find any information on line. Thanks Walt

Most Popular Reply

User Stats

10
Posts
2
Votes
Walt Middleton
  • Investor
  • San Antonio, TX
2
Votes |
10
Posts
Walt Middleton
  • Investor
  • San Antonio, TX
Replied

I hope your correct John, problem is nobody at the bank or the title company seems to have encountered this before. There doesn't seem to be clarity on what Texas law requires. I'm thinking the cheapest way out of this may be to just by a last minute ticket for him to the US. For less then 1200 bucks the problem goes away. Just a question of time.

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