Purchasing California Land from Owner in Switzerland; Notary?!
7 Replies
Duke George Brady
Specialist from Fallbrook, CA
posted over 2 years ago
Land located in San Bernardino County, seller located in Switzerland.
Having trouble finding info here and on U.S./Switzerland government websites about getting the proper Notary that can be recognized on the Deed. The U.S. embassy offers a service, to a $50-$100 charge, but that's only in Geneva. Motivated seller wants to make as little effort as possible, aka a notary closer to them (currently reading about the Hague Apostille Convention; trying to connect the dots and hear some real world experiences).
Anyone else buying from distant, unattached and motivated owners overseas? Delinquent taxes, international taxes/fees on top of County charges. Feels like a decent market already...
Also, any advice on best ways to transfer funds would be appreciated! We're only talking several thousand max for two parcels.
cheers!
Mark Braun
Rental Property Investor from Monterey, CA
replied over 2 years ago
Several thousand for Parcels in Cali? Really?
Steven Picker
Real Estate Agent from Las Vegas, NV
replied over 2 years ago
if you dont go thru an escrow company in California you will be throwing your money away Stop immediately
Charlie Fitzgerald
Lender from Kansas City, MO
replied over 2 years ago
Get a Real Estate Attorney involved in this or say goodbye to your money.
Wayne Brooks
Real Estate Professional from West Palm Beach, Florida
replied over 2 years ago
If the seller is not motivated enough to go the consulate, they're not motivated enough. That's how it is done. On this end, treat it like any other purchase.
Duke George Brady
Specialist from Fallbrook, CA
replied over 2 years ago
Good point @Wayne Brooks , as it turns out they do live near the consulate. That is now the only way it'll go through.
Per the other warnings, sage advice. Don't worry, I'm not sending any money to a Somali Prince anytime soon (haha:)). This will be structured to not release funds until deed is verified.
Any specifics on successful experiences are greatly appreciated.
Steve Haight
from Las Vegas, NV
replied over 2 years ago
@Duke Brady
Sounds like you may be trying to do this outside of an escrow or attorney. I have done business transferring title over seas but had FATCO as my tile company. Funds where wired in a trust account and held until title was transferred.
Duke George Brady
Specialist from Fallbrook, CA
replied over 2 years ago
Thank you @Steve Haight , I appreciate you sharing your experience and the constructive details. I had been curious which title companies would/could do overseas deals; I appreciate it!
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