Signing a Promissory Note for out of state investment

[Mehgan Moore]

I am looking to purchase an investment property in Ohio and the local lender there is saying I must fly to Ohio to sign the promissory note in person at their bank. This seems really odd to me. I work in the mortgage industry and have never fun into this before. With technology and Covid I feel this should not be required. Had anyone else ran into this before?

[Brandon Sturgill]

@Mehgan Moore That's a first...all properties I have helped out of state buyers sell or buy were remote closings...its standard. We use a notary verification form our lawyer drafted....the notary in the signers state completes it and it becomes part of the record....it's an added layer of formality. Feel free to reach out if you want a copy...maybe that would help put them at ease....