Does NJ allow owners to close while they are out-of-state?

Question

Hi all,

I'm new to the BP community and this is my first post! (Hope I am posting this question in the right forum.)

Does New Jersey allow an absentee owner to close on their property while they are out-of-state?

Thanks in advance.

Jennifer Petrillo · Answer

Why shouldn't they? We haven't been to an actual closing in a long time...we sign over POA to our lawyer and they do it all, we have bought many houses in NJ and also in NY this way (in fact, we have never met in person the attorney who handles our NY state closings!) Your attorney should be able to handle it all.

Angelo Mart · Answer

Yes, I closed my first flip while I was on vacation in Cali...My attorney acted as POA

Andrea Snyder · Answer

@Jennifer Petrillo, @James Lloyd Thank you both for your replies. Very helpful!

James Lloyd · Answer

Yes, you can close on a real estate deal while out of state. You can either sign a POA as @Jennifer Petrillo suggested or you can sign the closing documents (deed, etc.) along with an authorization form (a very limited POA) and the attorney can sign the closing disclosure document at closing. I prefer having the closing docs approved and executed beforehand and using an authorization. The title companies can throw a fit (sometimes rightfully) over POAs and the attorney signing everything, including the deed.

Does NJ allow owners to close while they are out-of-state?

Does NJ allow owners to close while they are out-of-state?

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