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Message
Closing on a house absentee.
Posted on 6/9/17 at 9:21 pm
Posted on 6/9/17 at 9:21 pm
Has anyone not been at their closing? My real estate agent says she can represent me and I can wire funds to the closing attn before I leave on vacation. Ok?
3
Posted on 6/9/17 at 9:26 pm to 1609tiger
Have the closing attorney prepare a specific power of attorney for your designated agent to sign to buy this particular property.
No reason to wire the money ahead of time. Just process the wire the day of the closing while on vacation.
If you must wire money before leaving town and the closing attorney has a reputable office, they could hold the funds in their escrow account until closing.
No reason to wire the money ahead of time. Just process the wire the day of the closing while on vacation.
If you must wire money before leaving town and the closing attorney has a reputable office, they could hold the funds in their escrow account until closing.
This post was edited on 6/9/17 at 10:13 pm
Posted on 6/9/17 at 9:29 pm to 1609tiger
I bought my current home from someone who was not present at closing. His agent was present and everything went through just fine.
This post was edited on 6/9/17 at 9:29 pm
Posted on 6/9/17 at 9:33 pm to foshizzle
Happens all the time.
Why can't you close when you get back from vacation?
Why can't you close when you get back from vacation?
Posted on 6/9/17 at 10:11 pm to ItzMe1972
I could wait to close but have a contractor who needs to start some updating.
Posted on 6/9/17 at 10:28 pm to 1609tiger
It happens all the time. Shouldn't be an issue but make sure to let the title company know ahead of time.
Posted on 6/9/17 at 10:31 pm to LSU1018
If you trust your agent, I don't see a problem.
But I would want to review the closing documents myself (settlement statement especially) before authorizing her to sign.
And verify terms of the mortgage, interest rate and term, etc.
But I would want to review the closing documents myself (settlement statement especially) before authorizing her to sign.
And verify terms of the mortgage, interest rate and term, etc.
This post was edited on 6/9/17 at 10:32 pm
Posted on 6/10/17 at 5:52 am to 1609tiger
If you are taking out a mortgage, you will want to check with your lender to make sure of their power of attorney criteria.
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