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Posted by Yoli/CA on 5/26/18 10:33am
Couple of days ago, I drove 40 minutes to get initials on an Exhibit A (legal description) and the borrowers' signature on the "Resigned Security Instrument with CA All Purpose Acknowledgment" and notarization on the latter. Fee for this was $XXX. Lender overnighted me the complete (& recorded) DOT along with the 2 aforementioned pages.
While meeting with borrowers, Mrs. mentioned she was SO VERY glad I was a few minutes early. The last notary they had for their refi (October 2017) had been 3-1/2 hours late! Because he was late, he discounted his fee to them from $75 to $35. They were glad for the discount and she said there were a lot of documents. Notary's reason for being late was traffic. He was driving from the Bay Area to them in Olivehurst. (not knowing where in the Bay Area he was from, that's a 2-3 hour drive -- sounds like he left home at the time he was scheduled to meet them)
I didn't ask any further questions. However, it sounds like docs were sent directly to borrowers. If not, then notary is collecting fees from SS/TC and borrowers. But, let's assume all he got paid for that signing was $35. How's he paying for vehicle fuel (now that prices are almost $4/gal), wear and tear on vehicle and taxes and paying himself ...? Oh, and there's at least one $5 toll bridge on that route!
Still smh ...... ;(
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