Posted by JLCa on 4/17/05 4:41pm
Msg #32350

RTC

On the RTC, if two names are printed at the top, and there is only one name tiped in on the signature section would I have both borrowers sign , or only the one printed ?

Reply by BrendaTX on 4/17/05 5:11pm
Msg #32351

This is how I would do it, but it is not legal advice. Others may do it differently.

Are there separate forms for each borrower?
If so, have each sign their own.
If not, I'd have both of them sign it.

Reply by JLCa on 4/17/05 5:51pm
Msg #32358

Thanks Brenda. I think I blew it, there were copies for each borrower and I had both borrowers sign all of them. Do you think they will ask me to go and have them resigned?

Reply by BrendaTX on 4/17/05 6:45pm
Msg #32368

I don't know. I have accidently done the same thing but no problem came as a result. Others here may have had different experiences.

Reply by JLCa on 4/17/05 7:08pm
Msg #32369

I Hope you're right .Brenda.
Thanks.

Reply by CaliNotary on 4/17/05 8:15pm
Msg #32374

Probably not a big deal, but you should take this as a lesson. Whatever is indicated on the docs is what you need to have them sign. No more, no less. Unless you are 100% positive that there is a mistake on the docs, just stick to what is shown and you should be just fine.

Reply by JLCa on 4/18/05 3:07am
Msg #32390

Thanks

Reply by HisHughness on 4/18/05 6:30am
Msg #32396

JLCa wants to know:

***On the RTC, if two names are printed at the top, and there is only one name tiped in on the signature section would I have both borrowers sign , or only the one printed ?***

I have on occasion added a name to a document; the last time was a two-state closing out of Florida, where there were no witnesses provided for the Texas signer. I couldn't reach anybody at the title company. I did something I should not have: I added lines for two witnesses, rounded up two people, and completed the signing in that way. After the signing but before the SS learned what I had done, the SS told me the signing would have to be redone because no witnesses were provided on the deed.

The signing did go through. However, if for some reason it had not, or if the TC had deliberately left the witnesses off, my ass would have been grass -- and rightfully so. I crossed the line into UPL. Furthermore, if the loan had not gone through for some other reason that was the fault of the lender or title company, the SS could have blamed it on me and refused to pay.

Would I do it again? I honestly don't know. There were extraneous factors in that loan that made it crucial that it be completed as scheduled. The safest thing from the standpoint of the SA is always to follow what is provided on the documents. No one can ever complain then that you exceeded your authority.

Reply by JLCa on 4/18/05 9:45am
Msg #32412

I don't think I will do it again. I will just have borrowers sign where there names are printed.