Q. The seller for one of the houses I've got queued up is on the other side of the continent from me. I've heard that it's possible to close with sellers who are out of state, but I don't know how to do it.
What is the drill? Do I make copies of everything they're supposed to sign and stuff it into a FEDEX envelope and hope for the best?
My sellers have email access. Might it be a good idea to email them copies of the necessary paperwork and have them be looking at it on the screen while I explain it to them and then follow up with a package of hard copies that need to be signed and/or notarized?
This is the first time I have bought a house from an out-of-state seller and my ignorance of how to do it has brought me to a standstill.
I'd be grateful for any clues you could give me. Thanks in advance for your answer.
A. You are on the right track. Prepare all the documents and overnight the package to them. You can then get on the phone and walk them through the high points and let them know where they need to be signed and notarized. They will need to sign in front of a notary. They can then make a copy and overnight back to you. You can also include a return paid envelope.
I would not email them the documents. They could alter them and you may miss the changes.