Wondering how you can possibly close on a home sale during COVID19? Usually, a closing involves all parties involved in the sale meeting at a title company to sign piles of documents. That may be impossible right now.
A bipartisan push is taking place in Congress to allow remote notarizations. This essentially would allow all documents to be signed remotely, using online technologies. The bill’s sponsors Senators Mark Warner (D-VA) and Keven Cramer (R-ND) noted that “Americans shouldn’t have to risk their health or safety to execute important financial or legal documents, especially when they could do so from the safety of their own home.”
For more information on the bill, click here. To learn about progress toward remote notarization, or for guidance on real estate transactions during this time of social distancing, contact the Vanguard Realty Associates team.