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Posted by Stoli on 9/1/07 7:18pm Msg #209091
Did a resign today, and the borrowers told me the previous
notary collected her fee at the table, and was probably paid again by her signing service. Comments?
| Reply by ananotary on 9/1/07 7:20pm Msg #209092
Unless it's factual, why assume the notary was paid by
both paries. Maybe the lender sent docs directly to the borrower. I have had that happen and been paid at the table by borrower.
| Reply by Stoli on 9/1/07 7:23pm Msg #209094
No, the borrowers wrote the notary a personal check, and
provided a copy of the previous Estimated Closing Statement with notary fees listed. The borrowers were shocked they were asked to pay her because they were not advised of this prior to the signing. Maybe all is well, but the borrowers were definately not okay with it.
| Reply by Stoli on 9/1/07 7:24pm Msg #209095
That's one way to not get stiffed on the notary fee. n/m
| Reply by ananotary on 9/1/07 8:25pm Msg #209103
I would not be ok if I was the borrower either. They should
Look at the final closing statement to see if they were actually charged twice.
| Reply by JanetK_CA on 9/1/07 10:11pm Msg #209116
Re: No, the borrowers wrote the notary a personal check, and
I seriously doubt all is well, if the borrowers weren't expecting it. I suggest that on Tuesday (or sooner, if possible) you call whoever hired you and advise them of what the borrowers told you. (Hopefully the borrowers are already planning to or already have talked to their escrow officer.) If they are correct - and I can't imagine why someone would make that up - whoever hired that notary will certainly want to know and sif it's not the same person, so will the EO, before they close and cut checks to vendors involved!
Did you have a new Settlement Statement for your re-sign? Did it show anything different from what was on the previous one? The other notary may have felt this was the only they were going to get paid for their time and effort, but I think that was highly inappropriate. This should always be taken up with the hiring entity and not the borrowers, unless they were the ones who did the hiring in the first place.
BTW, what was the reason it was a re-sign? That may give an indication as to why the other notary asked for payment, but that doesn't excuse it, in my opinion.
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