Expat Investor seeking lender who can do digital signatures
I'm a teacher living abroad. I am ready to purchase another property in OKC but need financing options that work with my context. It is extremely difficult and expensive to do any notarizing of wet signatures from where I work. I need a lender who can help me but doesn't require wet signatures.
Also, I'm wondering if there are, after covid times, services online that provide notarizing that would be accepted by various lenders. That would be the ideal option for me.
Any thoughts?
Quote from @Miranda Holland:
Where are you located?
I'm in Ethiopia. I come home every summer to the US for 6 weeks. I'm from Seattle originally. But investing in OKC.
Quote from @Josh Smalley:
Quote from @Miranda Holland:
Where are you located?
I'm in Ethiopia. I come home every summer to the US for 6 weeks. I'm from Seattle originally. But investing in OKC.
Wow!
Typically, closing documents have to be signed and notarized at the title company or law firm. There are digital notaries doing closings these days and international notaries extist but I'm not sure what private lending companies would do in your situation. Your documents might have to be authenticated over there in order to go through. Real estate lawyers and international realtors in Ethiopia might have information on how to purchase property in America.
I'll ask lenders if they'll let a borrower close in Ethiopia
-
Lender
- The Trinity Company, LLC
Quote from @Miranda Holland:
Quote from @Josh Smalley:
Quote from @Miranda Holland:
Where are you located?
I'm in Ethiopia. I come home every summer to the US for 6 weeks. I'm from Seattle originally. But investing in OKC.
Wow!
Typically, closing documents have to be signed and notarized at the title company or law firm. There are digital notaries doing closings these days and international notaries extist but I'm not sure what private lending companies would do in your situation. Your documents might have to be authenticated over there in order to go through. Real estate lawyers and international realtors in Ethiopia might have information on how to purchase property in America.
I'll ask lenders if they'll let a borrower close in Ethiopia
Yeah, it would be through the embassy. It takes hours (aka, an entire day that I have to take off of work) and it's about $40 per notarized page. Therefore, it is not feasible to do wet signatures and notarizing from Ethiopia. I can close over the summer in the US. But my question is if there are any lenders who can help me close either by digital signatures or by a third party company that does notarizing.
Thanks for your replies.