Posted by Anonymous on 11/9/04 8:02pm
Msg #11077

Right To Cancel Ooops

Not thinking about Veteran's Day I accidently dated RTC with 11/11/04. Is there any way to correct this?

Any advice is appreciated.

Reply by cadi on 11/9/04 8:25pm
Msg #11078

It should have been the 12th, you could line through borrowers initial and you initial then write in correct date.

Reply by Jan Kohake on 11/9/04 9:29pm
Msg #11085

Always keep a rescission calendar handy. Have the docs been sent back? If they have, good chance you won't get anymore work from whoever it was you got the job from.

Reply by CaliNotary on 11/10/04 2:55am
Msg #11094

"you could line through borrowers initial and you initial then write in correct date"

I would NOT suggest doing this. To change the dates after the signing and after the borrower initialed them could be perceived as fraudulent. Your best bet would be to try to get the borrowers to re-initial the changed date if you haven't already returned the docs. If you have returned them already, cross your fingers and hope that nobody notices, which is a definite possiblity.

Reply by Oldbie_CA on 11/10/04 1:07pm
Msg #11116

I posted the original message. The borrowers did just initial the changed date and I took the RTC back to the escrow office. They said it was fine. Everything should still go through.

sigh of relief.

Reply by Cadi on 11/10/04 5:48pm
Msg #11143

I thought that would work.

Reply by CaliNotary on 11/11/04 1:22am
Msg #11164

Actually, you told the signing agent he should initial the correction, not to have the borrower initial it.

Reply by Jan Kohake on 11/11/04 10:33am
Msg #11180

Good thing it wasn't Full Spectrum Lending

There's one company this would be unacceptable for. Full Spectrum Lending. Absolutely no initials anywhere on the RTC.

Reply by BrendaTX on 11/11/04 10:41am
Msg #11183

Just curious, what's your thinking/reasoning on the need for the SA to initial?

Reply by Oldbie_CA on 11/12/04 12:40am
Msg #11210

I have done loans for Full Spectrum and they are very strict about their RTC not having any initials on it.

Good thing it wasn't them.