Posted by taxpro on 8/1/05 4:57pm
Msg #56238

AKAs

Last week, I had a signing for LSI/Chase, and the instructions said that they were to sign EVERY document as "John Smith, aka John A. Smith" and "Mary Smith, aka Mary B. Smith." Now, these are regular people who have never used their middle name as their first name, have never used any other name at all. They've been married (to each other) for 30 years, and have lived in the same town the whole time. All the docs had two signature lines for each borrower, one with "John Smith" typed under it, the other with "aka John A. Smith" typed under it. They actually had to sign each doc twice, both ways, and had to write "aka" in front of the second signature. They were a little uneasy about doing this, and I didn't blame them. There were Signature/Name affidavits in the package for each of them, and they had the names both ways, with and without middle initials. Shouldn't that have covered any variations? Please don't tell me this is going to be some new requirement. I've never seen this before.

Reply by chuckCA on 8/1/05 5:11pm
Msg #56242

Wonderful business, isn't it?

I agree the affidavits should have sufficed, but you are working for the lender. If they want the documents signed that way, so be it.

Reply by Lydia Esther /Fl on 8/1/05 6:52pm
Msg #56263

Re: Wonderful business, isn't it?

Can you provide me with their website address - Please ?

Reply by Allison B on 8/2/05 12:21am
Msg #56327

Chuck, What do you mean, "Working for the Lender?""

Nuh uh!?! Splane yourself Lucy

Reply by Art_MD on 8/2/05 9:51am
Msg #56373

Re: Chuck, What do you mean, "Working for the Lender?""

Taxpro accepted a contract from LSI to do a closing LSI is contracted by Chase who was the lender. Effectively taxpro was a "subcontractor" to chase. If LSI says - "do what chase tells you to do", that is part of the contract taxpro has agreed to.
This is simplified, we don't want to get into contract/subcontract law. reeeeeal messy and vague at times. Been there several times, don't want to go there again.

Art