Online notarization for home mortgages could be headed to Florida

Florida could become one of only a few states to permit remote online notarizations, a move that could encourage investments in real estate from out-of-state residents.

The state Legislature recently passed a bill to legalize such notarizations, and the bill awaits the signature of Gov. Ron DeSantis.

Once it takes effect, the bill would allow all parties in a real estate transaction — buyers, sellers, lessors and lessees – to sign off on a transaction while outside the state. That can speed up a transaction with the paperwork not having to be done by mail, or it can eliminate a trip from a distance to sign a document, which saves expenses.

Notarizations for mortgages typically are done in person.

Virginia, in 2011, became the first state to allow remote notarizations. Other states, including Minnesota, Nevada and Texas, have followed suit.

Florida is the top state for foreign buyers, with most of them in South Florida – 65 percent of the foreign investment in the state came from outside the United States in 2018, according to the Miami Association of Realtors.

And that could rise.

“It provides the opportunity for a lot more investment, to expedite transactions,” a local government affairs consultant told The Real Deal about the proposed law. “We have a ton of cash buyers coming into the country from South America and Europe. In South Florida and Central Florida, we also have a big military population” who could take advantage of remote online notarizations.

A real estate transaction is nothing to leave to chance. If you are selling your home to an out-of-state buyer who intends to use online notarization for the mortgage, consult with a real estate attorney who can verify the process and see to it you don’t have any surprises.


To Our Valuable Clients:

The federal government has recently enacted legislation to assist citizens and businesses facing uncertain financial challenges due to COVID-19. We are here to help answer questions and guide you through the details of the various processes to procure financial assistance from our government. The acts are very new and more will probably be coming. But they currently provide for dollar for dollar tax credits for payroll for COVID19 related payroll, cash advances and loans that have tremendously favorable terms and in some cases, total forgiveness of the debt.

Please stay as safe as possible during this terrible crisis and if we can help you with questions about the new federal assistance laws, please contact us.

We Can Tailor A Solution To Meet Your Needs.

  • Fields marked with an * are required
  • Disclaimer | Privacy Policy
  • This field is for validation purposes and should be left unchanged.

  • Fields marked with an * are required
  • Disclaimer | Privacy Policy
  • This field is for validation purposes and should be left unchanged.