Florida is experiencing a surge in homebuyers. In addition to the usual “snowbirds” from up east, people from all over the country are relocating to the Sunshine State.
First-time homebuyers are especially happy to find that Florida offers an online notary procedure, which helps streamline one of the tasks prospective residents need to complete.
About online notarization
The “Electronic Legal Documents” law became effective in Florida on January 1, 2020. This new law provides authorization for notaries to offer online notarizations. Applicants must already be notaries. They must complete an application and receive training before they may provide online services. Notaries must also contract with a third-party provider of technological support so they can affix their signature and seal to an online document. They must also learn how to store video and audio notarization sessions.
Documents requiring notarization
Among others, the documents a buyer might expect to sign on or before closing are:
– The mortgage agreement, which protects the lending institution in the event the borrower defaults on the loan.
– The deed of trust, which transfers all interest in the property from seller to buyer and which must go to the county recorder for filing.
– The signature affidavit, which is signature verification. However, a lender can waive this if a passport or driver’s license has already provided verification.
On to the closing
Whether it’s Sarasota, Longboat Key, Venice or any of the beautiful surrounding areas, new-to-Florida buyers look forward with great anticipation to the closing on a home or condo. There are many elements involved in closings, but online notarization makes one closing task easier and more convenient.