Closing Question

[FSUSammy]

Thinking ahead while we wait on ROFR to finally come in.....what all does a buyer need to sign at closing if they are not financing? Besides the new member form for DVC of course.

 

[macman123]

Thinking ahead while we wait on ROFR to finally come in.....what all does a buyer need to sign at closing if they are not financing? Besides the new member form for DVC of course.

There are various closing documents, including buyer statement, member info etc from the Closing Co.

 

[RoseGold]

It's a real estate deal, so you still have all the paperwork associated with a closing and a title policy and so on. I did mine all electronically in all of my deals in the last two years.

 

[Rush]

We signed yesterday, it was three documents. A settlement statement, a timeshare use certification and indemnity agreement, and escrow instructions document. Also provided was an instruction page and wiring instructions, neither of those required signature.

 

[FSUSammy]

We signed yesterday, it was three documents. A settlement statement, a timeshare use certification and indemnity agreement, and escrow instructions document. Also provided was an instruction page and wiring instructions, neither of those required signature.

Did you need to get anything notarized?

 

[Rush]

Did you need to get anything notarized?

As the buyer, no. Only the seller has to have their documents notarized, to confirm they are truly the person who owns the contract.

 

[FSUSammy]

As the buyer, no. Only the seller has to have their documents notarized, to confirm they are truly the person who owns the contract.

Awesome that makes our life just a tad easier lol

 

[sndral]

Buyers only need to get doc.s notarized if they are securing financing via a mortgage.
I looked back at my emails from the last 2 times I bought resale a couple of years ago, we used 2 different title co.s, looks like one I can’t name, but it’s one of the big co.s. W/ *** we initially got an open escrow document & needed to make any corrections to the information, sign and email back, don’t think we got that from Mason.
Both *** & Mason sent fed ex labels - however you can email the forms back. Both sent instructions & a couple of documents that had to be signed which also can be emailed back or you can fax or mail them back. W/ a cash purchase you will need to wire your funds or get a certified check for the funds to mail to the escrow co..

 

[T-i-double-guh-er]

Awesome that makes our life just a tad easier lol

It does depend on where you are buying. For Florida resorts, buyer only needs a notary if financing. For Aulani contracts, the state of Hawaii requires notarized signatures from both buyer and seller on the deed, regardless of financing. I have no experience with buying the California or South Carolina properties.

 

[FSUSammy]

It does depend on where you are buying. For Florida resorts, buyer only needs a notary if financing. For Aulani contracts, the state of Hawaii requires notarized signatures from both buyer and seller on the deed, regardless of financing. I have no experience with buying the California or South Carolina properties.

Good point! This is for a Florida resort so I guess I’ll be good with not needing a notary. Now just need to get past ROFR