Posted by Bev/NC on 5/16/09 12:09pm
Msg #288683

Has anyone ever signed for a Purchase?

Just curious and where would I find out if Purchases can be done in your state? Have been looking around sites and can't get a straight answer.....Thanks

Reply by RobinS/MI on 5/16/09 12:49pm
Msg #288688

Yes We have them done in every state of the country. But some states you must be an attorney to do it.

Reply by Richard Ingram on 5/16/09 3:15pm
Msg #288695

I do purchase signings all the time but most are done in lenders, real estate or title offices.

Reply by Les_CO on 5/16/09 3:14pm
Msg #288694

As far as I know NC is not an attorney state...yet. I’d have the developer ask his attorney. However I’d bet that a person (developer or not) can sell his own land without an attorney, or realtor, or whatever. If this is the case you would not be involved in the ‘closing’ just notarizing the signatures.

Reply by Prosperity on 5/16/09 5:04pm
Msg #288702

I've also done purchases. No real differences. The sellers only sign a few docs. Most docs are the usual lenders' docs for the buyer.

Reply by Todd/OH on 5/16/09 5:12pm
Msg #288704

I would like to do more purchases - higher fee.

Reply by MW/VA on 5/16/09 5:59pm
Msg #288716

The last I knew only attorneys could handle purchases in NC. I can't seem to verify that info anywhere. Why not check with a local realtor?

Reply by enotary/va on 5/17/09 4:14am
Msg #288731

Question was not.. Could they be done in NC.....
It was, could they be done in your state!!!!!!

Reply by MW/VA on 5/17/09 12:35pm
Msg #288757

I was responding to another post she made a couple of posts down.
What's the point in telling here we can do them in VA, if she can't in NC?
FWIW we do some purchase signings in VA, usually borrower only side of out of state purchases that are often the purchase of a foreclosure.

Reply by laurielnc on 5/17/09 11:47am
Msg #288751

I have done several in nc. I did the closing in the mortgager's office. Kind of a pain waiting on buyers to arrive. Sometimes the realtors are present. Several last minute changes that come in on hud to the office while I'm there and mortgager prints out from title company. Other than that and no RTC, it was pretty straight forward.

Reply by ReneeK_MI on 5/18/09 5:07am
Msg #288806

just FYI, lender is mortgagee, borrower is mortgagor n/m

Reply by NCLisa on 5/18/09 9:27am
Msg #288823

I've closed many purchases.

If they want me to record and hand out checks afterwards, I charge more, and request the closing be done as close to the ROD's office as possible. I'm not driving back to someone's office to hand out checks after the recording!