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Posted by  Cheryl Elliott on 1/9/17 8:18am
things in the barn with all the rainstorms up here (9" so far up here this year, last night was 2").
Here goes:
When a borrower takes title in the name of his trust, there are usually three signature blocks on the deed of trust. Only their name appears in the acknowledgement and I circle "ies" in capacities. I do not notarize capacities in the "names who appeared before me", nor do I write in "trustee".
I now do recall one commercial loan I signed which was an LLP and both husband and wife signed as "co-partner"
on the deed of trust and assignment of rents for each subtenant. Again, I only notarized their names, not their capacities, but circled "ies".
Make sense? |
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