Posted by Grammy824 on 7/26/05 6:49am
Msg #54676

Stipulation and Convenience Agreement

"The undersigned borrowers acknowledge that the loan documents for the above referenced loan are being signed as a matter of convenience only and that final loan approval will not be rendered until the following are completed:".....The Agreement requests photos of driver licenses and ss #. Near the bottom, before the signature blocks, it says: "In the event the above conditions are not completed by ___________ or should XYZ Finance Company not be able to record a lien in a satisfactory position, _________________ shall be under no obligation whatsoever to approve the loan." The the customer signs. Is anyone familiar with this Agreement, and if so, what goes into the blanks?

Reply by PAW_Fl on 7/26/05 8:41am
Msg #54689

Call whoever hired you to get the information that belongs on those lines. (If you were hired by a signing service, you may need to get a contact for the lender and/or title company.) You cannot "assume" to fill in any blanks, even if you know what belongs there.