Here’s how:

– Make sure to notify the Realtor, the title company, lender (if applicable) and all other parties involved as soon as possible if the documents will be signed remotely. This makes it easier on everyone in the long run and will save some headaches.

– Find out from the title company if they have an office in proximity to the buyers/sellers. If they don’t, the closing paperwork must be taken to a notary to sign. The buyer/seller will want to review the closing paperwork prior to signing with a notary. It is a good idea to schedule a time to review the documents with the Realtor to answer any questions prior to signing.

– The buyer/seller needs to confirm with the title company on how they will deliver the closing documents. Will they send them to they buyer’s home or office via FedEx? Email everything? Emailing the documents can be an easy and quick process, but this also takes a lot of printing. After the buyer has signed the documents they cannot be scanned and emailed back because the title company must have a “wet signature”, meaning the original signature with pen rather than one that is copied or scanned.

– Make sure to clarify deadlines of when the title company needs the documents returned to them, what time the local FedEx overnight drop-off times are and if the buyer/seller is in a remote location (Alaska) account for possible delays in shipping.

– It’s a good rule of thumb to sign the closing documents and overnight them back to the title company 1 business day early to allow for any delays. For example, once the date of closing is confirmed with the title company and they need the documents by (Monday) May 23rd, notarize and overnight the documents back on the (Thursday) May 19th so they arrive at the title company on (Friday) May 20th.

– In the process of coordinating the mail out, the wire transfer to the title company must also be scheduled! Each title company is different and they will provide instructions on how to wire funds. Following these instructions is very important to ensure a safe and successful transfer.

Requirements are different state by state. Always confirm with the title company or attorney in regards to specific requirements when closing remotely. Some states allow closings via facsimiles while others do not. To avoid confusion, mistakes and any problems the buyer/seller must do their research; know what it is expected of them and all parties involved from the very beginning.

If you have additional question regarding a remote closing please contact our team! We are happy to help, as well as refer you to our wonderful and knowledgeable title companies and professionals.