Runner-Up Name: “The Parking Lot Closing”
[Note to Readers: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway (“Berkshire”), or any other entity referenced. Edina Realty is a subsidiary of Berkshire.]
To limit the risk of coronavirus exposure, Edina Realty — and no doubt other brokers not in densely-packed cities — are introducing “drive-up closings.”
According to Edina Realty CEO Greg Mason and Edina Realty Title President Brad Fisher, for Buyers:
“The drive-up closing would occur in the closing office parking lot at the appointed time. Buyer will sign all documents in their vehicle and the closer will ensure it is properly executed.”
Other closing options include pre-signing (always an option for Sellers), and something being developed called “Remote Online Notary.”
See also, “Dress Code for Home Closings**“; “Will You Be at Closing?” (& Other Silly Questions)“; and “What’s in a Name? From “Settlement Statement” to “HUD-1” to “ALTA” Back to “Settlement Statement.”
I agree