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Updated 5 months ago on . Most recent reply

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Matt Wan
  • New to Real Estate
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Can I buy a property without being physically present for any part?

Matt Wan
  • New to Real Estate
Posted

Can I purchase a property using a traditional mortgage without being physically present for any part of the process? A relative who does long-distance real estate investing told me that I have to sign the final loan document and the transfer of ownership document in person. Is this true? 

If the state matters, I'm interested in Connecticut

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Randall Alan
#4 Buying & Selling Real Estate Contributor
  • Investor
  • Lakeland, FL
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Randall Alan
#4 Buying & Selling Real Estate Contributor
  • Investor
  • Lakeland, FL
Replied
Quote from @Matt Wan:

Can I purchase a property using a traditional mortgage without being physically present for any part of the process? A relative who does long-distance real estate investing told me that I have to sign the final loan document and the transfer of ownership document in person. Is this true? 

If the state matters, I'm interested in Connecticut

@Matt Wan

The key to understanding being “in person” is that you can be “in person” anywhere there is a notary or other person who can certify your signature… typically.  Some documents require “wet” signatures… meaning hand signed.  But when people are out of town / out of state the title company can hire a mobile notary near you and they will fedex the documents to your local area to sign.  There is usually extra charges on closing to pay for that service… but it is minimal.

All the best!

Randy

  • Randall Alan
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