Posted by td on 8/2/05 12:56am
Msg #56332

Split Signings

I just want to clarify please! I did a signing tonite with the husband and I will be signing the remainder with the wife tomorrow. On the NRTC, should I change the date of signing to the date of the wife? Thank you!

Reply by chuckCA on 8/2/05 3:28am
Msg #56336

Yes, clock starts when last person signs

Reply by PAW_Fl on 8/2/05 7:36am
Msg #56348

Clock starts when last person signs - FOR THE LENDER ...

Each individual with an interest in the property has their own RTC with their own starting and ending dates. The first signer's RTC starts when he/she signs and expires a minimum of three business days following. The second or subsequent signer's RTC starts when he/she/they sign their own notice and expires a minimum of three business days following.

For the lender, nothing can be done until the last signer's RTC expires.

Reply by Allison B on 8/2/05 8:46am
Msg #56358

Chuck - what part of CA are you from? NM

Reply by Bob-Chciago on 8/2/05 6:27am
Msg #56343

Each signer has thier own RTC date
H's starts on Mon, W starts on Tue
Make sure that they sign seperate RTC docs, Make a Copy if necessary and manke sure each gets two copies of their RTC doc with the correct dates.

Reply by td on 8/2/05 10:17am
Msg #56380

The problem with the RTC is that they're both on the same RTC. What should I do, just change the dates?

Reply by Monica-FL on 8/2/05 10:50am
Msg #56384

Call whoever hired you and ask them what to do.

Reply by Art_MD on 8/2/05 11:32am
Msg #56394

If e-docs, simply print another set of RTCs, correct date and have wife sign. Also initial change.

If not e-docs, zerox what you have, white out the husband's signature, rezerox. white out again if anything still shows, recopy. Take to wife, correct date, have her sign and initial.

Art

Reply by Ernest_CT on 8/2/05 12:47pm
Msg #56412

Echoing Art_MD

Just remember, you must _not_ have whiteout on any signed docs! That's why Art said white out and photocopy.

Reply by anon-ca on 8/2/05 1:41pm
Msg #56432

I agree with Monica, call and ask. I'm in CA and I was told RTC starts with first signer not second signer.

Reply by Jenny/CA on 8/2/05 4:21pm
Msg #56476

Just passed the SR exam and I missed the question of RTC by stating the RTC started with the first signer.