Hello, I have a following question, I assume that would be interesting to discuss. I have an investment property with no open mortgages and any other liens, and I wish to open a HELOC (home equity line of credit) on it. I am a CEO of an average sized company and thus travelling a lot across the states and can hardly devote a few days to come back home and visit a closing meeting. What are the options for me in this case? Is there any place which provide mail away closing? Like I submit online application, get a preliminary approve, then they send me the docs to my current address listed in CRA, then I return them and receive a closing docs bundle which I notarize and return. I remember that worked fine for me around 3 years ago with Chase, but probably things have changed. Or maybe I could assign Attorney-in-Fact who can come and sign it on my behalf. Thanks in advance for your replies.
MOTHER, FATHER, SISTER, BROTHER, BEST FRIEND AVAILABLE TO HAVE P.O.A. (POWER OF ATTORNEY???) P.O.A.'S can be date specific or action specific...(I was told)
I did both at the same time just last year. Closing docs were overnighted to us/AND DH signed a POA for me to sign off on everything so he didn't have to take off work. Shouldn't be a problem.
We just closed on our HELOC two weeks ago and our mortgage company sent a Notary Public to our house to have docs signed. They were then Fed-exed back the next day. All the paper work was handled over the phone. Most large lendors should be able to do this. Good Luck, Michelle
