Buying house using foreign investments..

What is the name of your state? Florida
I want to buy a condo from a person who is not a resident of the US but has a condo here in Florida. He is willing to sell for a straight cash deal. I would be able to do this but the cash is in a foreign bank in Europe, where he currently lives. Question is how do I show that a cash transaction has occurred at closing? I would not be able to produce a certified check because it would be done through a foreign bank. I am confused as to how to show this as a legitimate transaction at closing. I would assume you have to show some type of bank draft, but don't want to produce because it is from a foreign entity. Is there anyone that can tell me what I need to have at closing to make this happen? Any help would be appreciated.

Thank you.

[HomeGuru]

Originally posted by swamp
What is the name of your state? Florida
I want to buy a condo from a person who is not a resident of the US but has a condo here in Florida. He is willing to sell for a straight cash deal. I would be able to do this but the cash is in a foreign bank in Europe, where he currently lives. Question is how do I show that a cash transaction has occurred at closing? I would not be able to produce a certified check because it would be done through a foreign bank. I am confused as to how to show this as a legitimate transaction at closing. I would assume you have to show some type of bank draft, but don't want to produce because it is from a foreign entity. Is there anyone that can tell me what I need to have at closing to make this happen? Any help would be appreciated.

Thank you.

**A: the escrow company that you use will advise you.

Is there a reason you couldn't wire funds to escrow co. and let them disburse to your seller? Have you already given the seller the full purchase price?

[HomeGuru]

So writer, what did your escrow company say?