Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 10 years ago on . Most recent reply

User Stats

42
Posts
8
Votes
Dan Liptak
  • Flipper/Rehabber
  • Pawling, NY
8
Votes |
42
Posts

DIY - Closing - Need Advice!

Dan Liptak
  • Flipper/Rehabber
  • Pawling, NY
Posted

Hello Fellow BPers,

I just got in contract on a property from homesearch.com its a local forclosure and the seller is providing a owners title policy at their expense underwritten by first american title co. + I am paying a little extra for a enhanced policy.

Being that this is a very small investment with a small amount of risk I decided to try to do it without an attorney.  After getting mixed feed back from BP I decided to give it a go.  Hopefully some of you guys have done this or have experience.

My lender wants to know who is going to be the closing agent.  After speaking with title company I asked them if they can provide a closing agent near the subject property (sellers + title co 4+ hours away).    Please give me some insight on this.

Trying to set my own closing location I communicated with sellers attorney and they respond with:

"We typically close by mail using fedex. That way you do not have to attend closing and worry about traveling. The title company will prepare a marked up commitment for closing. Once everything is in order I will schedule a closing with you, order marked up title, I will prepare the HUD and escrow closing letter for closing."

Sounds good to me.  Anybody close by mail?  Feedback?  My lender keeps asking me for who the closing agent is?  Can I be my own closing agent or do I need a third party?

Thanks in Advance!

Dan

Loading replies...