In January of 2020, remote online notarizations (also known as “e-closings” or “digital closings”) became legal in the state of Florida. This was especially helpful in keeping the real estate industry going during the nationwide lock down but since then, it has become an increasingly popular method of getting a closing done.
The major appeal of a digital closing is the fact that the buyer, seller, real estate agent or witness can be located anywhere in the world. The only person that is required to be in the state of Florida at the time of closing is the notary themselves. This means that sellers that are relocating can leave without waiting for their home to close or buyers that are moving into the state can complete their transaction without having to arrive to the closing in a moving van.
How Does a Digital Closing Work?
If a client wants a digital closing instead of a traditional in-person closing, we need to know as soon as possible. While digital closings are legal in the state of Florida, all lenders have their own rules. If the buyer in a transaction is utilizing a lender for the purchase of the property, that lender must give approval to proceed with a digital closing. The earlier we know, the sooner we can make sure we obtain this approval.
Once we have permission to move forward, our team coordinates the closing just like we would a traditional one. We will set up a date and time for all parties to access the closing room, provide any links or software that might be required, and ensure that everyone understands how the process will work ahead of time.
All the client needs is a computer, laptop, or phone with a camera and microphone and a state-issued photo ID. We’ll take care of everything else!
Want to know a little more about how e-closings work? Check out this video from our CEO & Founder, Attorney Merideth Nagel, that takes you through the process step-by-step: