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Forums » REOs » REO question, out of state

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Tag Tags: reo out-of-state


John Strobel

Real Estate Investor · Westminster, Colorado


Forum_avatar_avatar-john_strobel

Icon_minipost Jul 24 '09, 11:17 AM

If im living in NC but found an REO thats a great deal in FL how does this work?

I know I can send in my offer, however if it gets accepted I'm clearly not in the area to sign papers. Can they be sent through the mail? I figured faxing wont work because its not an original. Can I close on the properties out of state some how, along with closing the B-C transaction as well? Id really like to acquire a few properties in other states, but am a bit unsure of the procedure.

Thank you for any info you can share, I appreciate it.

JOHN

Edited: 06/26/2010 at 09:06AM


J Scott

Real Estate Investor · Atlanta, Georgia


Forum_avatar_avatar-jasonscott
Donor

Icon_minipost Jul 28 '09, 12:22 AM

They can courier the closing papers to a notary in your area, who can bring them to you to sign, and then be returned to the closing attorney.

They'll charge you an extra $50-100 on the HUD for this service, but you shouldn't have to leave your home/office to get the papers signed.

Edited: 06/26/2010 at 09:08AM


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