All Forum Posts by: Ryan Lebsock

Per a conversation I had today with someone who claimed they contacted Home Path approved lenders, I was informed that on SFH, they were asking for 3% down, even for investors. For multi units, they wanted 20% down.

This information has not been confirmed by myself.

I would be interested in hearing from others who may have dabbled into Home Path.

I wouldnt use a foreign notary. I would use an American notary which I do/will have access too.

Once I get some responses from the companies I have made contact with, I will have a better idea of what they are going to require. I will keep you all posted as I reach a resolution.

I do have access to a US notary, so that wont develop to be a huge problem should I absolutely require one.

Appreciate all the great info Vikram.

Thanks for the info Angie.

Did someone from the Title Company serve as your POA or did you have another person local to the purchase who you assigned POA?

Ryan

The corporate resolution sounds like a viable option. I will run that by some folks in the legal field. I guess the practice of law is recession proof, as none of them work on weekends. :)

I'm not local to the purchase, which is in Pittsburgh. I will get a hold of an attorney in the area. I truly detest shopping for new attorney's. Not the easiest professionals to get in contact with until your an established client.

Admittedly I thought physical presence of all parties involved was required at closing. Sounds like that may not be the case?

Ladies and Gentlemen,

I would like you opinion on the options I have have for an upcoming purchase.

The deal is simple. I'm purchasing a home in PA from a private party, financing it as an investment property.

The issue is, I want to do this through a power of attorney. I work overseas, and I will not be coming home to sign papers.

What I want to do is hire the services of an attorney to put the pieces together. Can/will an attorney be my representation through a power of attorney? (Naturally I have emailed several firms, waiting for a reply)

Is there a better way to go about this in terms of a prepackaged solution through a title company?

I could fly a family member or close friend to PA to close in my place, however it would be more efficient to simply use an attorney (at least some local entity which represents my best interest), given power of attorney, to represent me in closing.

Looking forward to your insight!

That makes more sense. Thank You for clarifying. The NC paperwork seemed to spell it out differently. I'll admit I am not very good at deciphering legal technicalities.

Marilyn,

I have followed many of your posts and I know you have done a great deal of research, your input is appreciated.

Can anyone familiar with surety bonds clarify?