I am currently in the final stages of negotiations and hope to go into escrow any day now on a great deal. I am leaving the country in 40 days for 6 weeks and wondering how I should go about dealing with the fact that closing might happen during that time. Should I ask for a clause to be added to the offer contract stating that closing must take place before or after those 6 weeks? And is there a chance that will kill the deal?
You can certainly ask...
What kind of financing are you using? 40 days would be tight, but you close in that time depending on the financing being used.
It's a conventional 30 yr loan.
Remote closings are done every day. They can Fedex the documents and you get notarized, Fedex back. Or, you could have them set up a mobile notary.
Missed that you will be "out of country".....same thing, only generally you have to go the local American embassy to get things notarized, and may nee to make that appointment a week or so in advance.
First and best option, get a specific power of attorney prepared by title/attorney and pre-approved by lender.
Second option would be to sign personally while out of the country. Depending on where you'll be you may not have access to a notary. If so, the process requires an additional authentication. This of course is all happening while the lender wants the original, signed Note in its hands immediately. Add several days (or hundreds of dollars, or both) to get the loan package back to title. Nobody is happy -- funds may not disburse until this is all complete. With Realtors involved this gets to be even more fun. ;)