Excellent point, anotaryinva. We don't represent anybody at a closing ('cept ourselves) ... not the lender, not the TC, and certainly not the borrowers. We're piecemeal independent contractors, and as notaries we're there ONLY to witness signatures and authenticate them based on the requirements of our state's laws. We don't and can't offer advice, counsel, guidance (beyond: Sign Here, do NOT date the note, etc). Now if the bill says all buyers/sellers must be represented by an attorney at closing , well....
I don't want to insert myself in this CT mess since I know absolutely nothing about it. But it's obviously a grab by lawyers to make more money. Nobody in the CT legislature gives a hoot about helping people involved in RE closings. Who needs help? They just heard they could make allot of money by passing this law. I'm sure most attorneys don't have clue about loan docs ... should be interesting representing buyers/sellers against WHOM? Lenders, TCs? Guess whos gonna win. Think Fidelity /UWM etc. haven't been around this block before? As I said, just a money grab. |
