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All Forum Posts by: Petra M.

Petra M. has started 25 posts and replied 73 times.

Post: Out of country for closing. Power of Attorney to Realtor?

Petra M.Posted
  • Investor
  • Los Angeles, CA
  • Posts 73
  • Votes 49

$50/signature.

I think the last closing document I signed had about 30 signatures.  $1500.

Post: Out of country for closing. Power of Attorney to Realtor?

Petra M.Posted
  • Investor
  • Los Angeles, CA
  • Posts 73
  • Votes 49

I'm going to be out of the country at time of closing. 

Seller is adamant about the closing date and I'll lose the deal (and earnest money)  if I move it. 

Is there a way I can sign the closing documents? I've heard of people doing it at a U.S. Consulate, but they charge $50/signature. The alternative is granting the buying agent limited power of attorney.

Anyone been through this?

Post: Buying a property in a FLOOD ZONE

Petra M.Posted
  • Investor
  • Los Angeles, CA
  • Posts 73
  • Votes 49

Mandatory flood insurance if you're financing the property.

Depending on flood zones, deductibles, basements, etc. flood insurance can be an extra $100-$200/month.

I'd avoid buying a home in a flood zone.