For various reasons, you may not be able to attend your home closing in person. One of the options, as we discussed on the blog last week, is to give someone power of attorney to represent you at settlement and sign the paperwork for you.
But what if you live in one state and are buying a home in another? In this case, you may want to consider a remote closing.
A remote closing works exactly as the name describes. Before your closing date, your real estate agent would send you physical copies of the contract and addendums. You’d read through them and sign them, usually in the presence of a notary public. Then, you’d send the paperwork back to your agent. Your agent will take the paperwork to closing in your place.
A remote closing can be a convenient way to close, but make sure you understand everything you read before you sign it. That is one advantage of attending closing yourself: Your title company professional will explain everything to you and answer any questions you have!
