U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Real Estate > Mortgages
 [Register]
Please register to participate in our discussions with 1.5 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Jump to a detailed profile or search
site with Google Custom Search

Search Forums  (Advanced)
Business Search - 14 Million verified businesses
Search for:  near: 
 
Old 05-29-2011, 09:00 AM
 
18 posts, read 66,480 times
Reputation: 20

Advertisements

Can you close on House Without Being Physically Present?
Quick reply to this message

 
Old 05-29-2011, 09:09 AM
 
21,723 posts, read 37,184,337 times
Reputation: 10714
Default Yes. No problem at all.

Quote:
Originally Posted by ac 2011 View Post
Can you close on House Without Being Physically Present?
Thousands of closings happen with representatives of the buyers / or sellers only. Typically a limited power of attorney is filled out. In some states this is probably more common than all the parties meeting at a title company.
Quick reply to this message
 
Old 05-29-2011, 09:14 AM
 
Location: NH Lakes Region
311 posts, read 1,031,001 times
Reputation: 343
Yes, but you need a power of attorney and make sure that all the parties involved know that you will not be present and will be using a power of attorney - they may have some extra requirements for you. They may require a Specific Power of Attorney versus the more "generic" General Power of Attorney. (My first home purchase I was unable to attend, and I had a General Power of Attorney - it took some convincing for the agents to accept it - they had to practically underline the several dozen occurrences in the 8-page document where it said "property, real or otherwise" to convince them this also meant real estate.)

Save yourself the heartburn, let them know well in advance, get your trusted agent and have the requisite power of attorney drawn up naming this agent and his capabilities to act in your stead, and notarized. You can make this power of attorney only valid for a week or day and specify the scope of transaction to limit time frame where someone will have the power to sign for you.
Quick reply to this message
 
Old 05-29-2011, 09:54 AM
 
Location: Austin
4,451 posts, read 8,405,069 times
Reputation: 3594
You don't need a POA if you have the docs sent to you which is more common in my area. The title company can email or mail you the docs and you go to a notary, like your bank or another title company, and then send all the docs back. Much easier than a POA and you're signing them yourself.
Quick reply to this message
 
Old 05-29-2011, 09:57 AM
 
1,465 posts, read 2,817,865 times
Reputation: 794
What do you mean "without being present"? In California, the purchase is typically managed by an escrow office. I have closed properties without going to the escrow office. No representatives, no power of attorney. Signatures all handled by fax and mail. One in particular, I don't even recall signing anything except with DocuSign, I may be wrong but I just can't recall actually signing anything except at the bank for the wire transfer.
Quick reply to this message
 
Old 05-29-2011, 10:26 AM
 
Location: El Dorado Hills, CA
3,036 posts, read 3,959,143 times
Reputation: 2849
If you are buying with cash, docusign or overnight mail with sigs works. If you have a loan, you will need a notary - most escrow companies can arrange a mobile notary to meet you wherever you are to sign the necessary paperwork.
Quick reply to this message
 
Old 05-29-2011, 12:56 PM
 
901 posts, read 1,989,118 times
Reputation: 669
As mentioned in CA you are not present. Having moved from the East coast, I told my agent I will meet you at the escrow office, she was confused and I almost fired her for not wanting to be there. Then I realized that it is just another day in the office for the folks at the escrow office.
Quick reply to this message
 
Old 05-29-2011, 05:40 PM
 
Location: southwest TN
6,751 posts, read 7,479,573 times
Reputation: 10874
We bought our house from our computer room in NYC. The house is in TN. Some states, like TN, allow for a faxed signature to be the same as in-person signature.
Quick reply to this message
 
Old 06-02-2011, 12:40 AM
 
Location: Tempe, Arizona
4,511 posts, read 7,489,447 times
Reputation: 2106
As above, it depends on the state where you are buying as to closing signing requirements. As in CA, buyer of AZ property can be set up to sign from any location. No POA needed.
Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


 
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:
Over $84,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Real Estate > Mortgages

All times are GMT -6.

2005-2014, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25 - Top