Closing process

[DisneyBoundMomof3]

Once we receive the contracts , do we need to have them notarized? Wondering what to expect.

 

[ELMC]

Once we receive the contracts , do we need to have them notarized? Wondering what to expect.

If you are buying AUL then you will have to have the contracts notarized. Otherwise you won't, but the sellers will.

 

[TeeKo]

This is from my Title & Escrow company:
(And as the buyer, I did not have to have anything notarized.)

General Timeline for Closing Your Disney Purchase:

As soon as contracts are signed (no mention of having them notarized), they are sent to Disney for ROFR. Disney may take up to 30 days to approve the sale.

After Disney approval, closing documents sent to buyer/seller.

Buyer sends funds. Seller sends "properly signed and notarized deed." When both are received, deed is sent to be recorded.

Upon receipt of your recorded deed, a copy is made for Disney and mailed with any fees due and the original is then mailed to you, the buyer. Please allow 2 weeks from the time you receive your deed to verify owernship has been changed.

 

[DisneyBoundMomof3]

This is from my Title & Escrow company:
(And as the buyer, I did not have to have anything notarized.)

General Timeline for Closing Your Disney Purchase:

As soon as contracts are signed (no mention of having them notarized), they are sent to Disney for ROFR. Disney may take up to 30 days to approve the sale.

After Disney approval, closing documents sent to buyer/seller.

Buyer sends funds. Seller sends "properly signed and notarized deed." When both are received, deed is sent to be recorded.

Upon receipt of your recorded deed, a copy is made for Disney and mailed with any fees due and the original is then mailed to you, the buyer. Please allow 2 weeks from the time you receive your deed to verify owernship has been changed.

Ok, so they're mailed in not faxed or emailed back?

 

[D-Trick]

Ok, so they're mailed in not faxed or emailed back?

I just sent in my closing docs to First American. They emailed me an overnight shipping label for FexEx. My emails never mentioned anything about the possibility of sending in the closing docs electronically, and I'm not bothered by this, as I had to send my cashier's check anyway. If I had the option of doing a wire transfer (which was never mentioned), that would cost me $17 more from my bank.

 

[TeeKo]

Closing documents had to be mailed...like D-trick said, had to be with a cashier's check anyway

If I used cc, there was a 3% charge

 

[sndral]

I paid cash & the buyer's closing documents (which you get after ROFR & estoppel) did not have to be notarized. The seller's documents must be notorized.
I have read that if you are financing your purchase, then your signature on your mortgage documents must be notarized.

 

[MouseOfCards]

Buyer's closing docs normally don't need to be mailed back to title company unless they are notarized (e.g. for Aulani contracts or for financed purchases). On most of our purchases, we wired closing funds to title (some title companies will charge a fee for this, but most didn't), and the title companies were fine with getting the closing docs emailed to them.