Posted by mike/co on 2/20/09 1:31pm
Msg #278240

2 deeds of trust.

The signing I just accepted has in their instructions I must return 2 signed DOTs. Has anyone else ever come across this?

Reply by Carolyn Puckett on 2/20/09 1:40pm
Msg #278244

I have done several with 2 deeds of trust. I think they keep a certified copy until they receive the recorded deed back.

Reply by Linda Juenger on 2/20/09 1:46pm
Msg #278246

Not unusual for me to get this request. No biggie. n/m

Reply by sjp on 2/20/09 4:37pm
Msg #278270

Re: Not unusual for me to get this request. No biggie.

I have also seen 2 deeds of trust.

Reply by Linda_H/FL on 2/20/09 4:52pm
Msg #278271

"I think they keep a certified copy until they receive the recorded deed back. "

A duplicate signed original isn't the same as a certified copy...it's an original...

I'd have more problem with two original signed notes (with neither stamped "certified true copy" than I would with two original DOT's..MHO

Reply by dickb/wi on 2/20/09 7:40pm
Msg #278289

i do signings where there are 2 or more mortgages [ we don't do deeds of trust in wi] in the package all of the time......i have had chase mortgages where there were 6 copies......in my opinion there is no worry with that......however i have been asked to have borrowers to sign 2 original notes.......now that is a different bird and i will not do the closing if they are not satisfied with 1 note.......in all cases where that has happened they have told me 1 will be sufficiant.....if the lender needs 2 the title company will make a certified copy for them.....a note is a negotiable instrument and can be sold, so if a borrower signs 2 notes for $150,000 they could be sold to 2 different parties and each party concievably [spelling] could ask for the 150K making the bborrower responsible for $300,000.......not a godd idea and as i said before i will not do closings where they want 2 original notes.......jmho

Reply by LynnNC on 2/22/09 3:12pm
Msg #278424

Dick - I would not think that it is up to you...

...as a notary, to determine how many notes can be signed...that is UPL.

Reply by Barbara___IL on 2/20/09 2:27pm
Msg #278254

It's happened to me a few times.

Reply by MW/VA on 2/20/09 2:58pm
Msg #278260

This is pretty common. It's a sort of "insurance" for the tc. I have one company that also does 2 copies of the Note, the 2nd is clearly marked "Certified Copy" of course.

Reply by ChristineHI on 2/21/09 12:08am
Msg #278312

As a loan processor some lenders want more than one. I personally don't see the point but it is not uncommon.

Reply by doglover/CA on 3/15/09 12:04am
Msg #280807

No, but believe it or not I handled a loan package with THREE deeds of trust. The total package was 150 pages.