Posted by ItsMe123 on 6/18/05 12:36am
Msg #45771
Can you believe this imcompetence?
So I am surfing the notary boards---can't sleep and I see this. No wonder more and more wholesalers are putting the halt on mobile closings. Here it is. If you defend this then don't complain when another lender says "No more mobile closings"
The title of the post was
"HELP--how much should I charge"
"I received overnight docs for a Chase HELOC signing tonight (Friday). The Closing Agent Instructions include:
After signing, deliver the original Mortgage/Deed of Trust to the apropriate courthouse. WE INTEND FOR THIS DOCUMENT TO BE RECORDED DURING THE RESCISSION PERIOD.
I have never read on this board or in my signing agent certification training manuals that a signing agent might be requested to do this.
The SS agreed to a $75 fee plus $10 for faxbacks. I feel that I should be paid an additional $50 for my time and travel to deliver the deed to the courthouse on Monday which would be a 30 min drive one-way and another est. 30 min in the courthouse.
Does this sound reasonable?
CAN YOU BELIEVE THAT??? Here's my reply
"Please tell me none of you really think they are asking the notary to do this. Please tell me you know more about what you are doing. Please tell me this is a yank. I mean even using the smallest reasoning power God has given you---- regardless of the other million reasons that this would never be done---noone involved in the transaction would have a copy of the DOT. If some bonehead did this it be a disaster---there would be an unfunded lien on title. No lender is going to fund a mortgage that they do not have a copy of the DOT for---think, think, think. You think a funder is going to call Poo Dunk county USA and ask the register of deeds for a copy of a DOT to fund a loan when they have thousands of others to fund? You think that an investor would fund a file that has no record of collateral? If one was so unknowledgeable to do this, it would land you in court where you would belong.
Shoot I can think of the line of people waiting to sue you. Starting with the borrower and ending with the LO---remember the big wigs are between those two
My Goodness."
you know some of the boneheads actually got this conversation to the point of wondering if one could record before the recission period was up? They actually thought the notary was to do this and were wondering when she should head down there. Can you imagine if someone did this? The nightmare of all involved that it would start. I could see the title company calling the notary and saying "UUMM, we noticed your package is missing the DOT" and the notary no doubt would, when everyone invovled in the transaction was losing it and ready to kill the notary would say "well if I go down there and try to get a copy of it, how much are you going to pay me?" Have you seen the register's office of some of the counties and how behind they are? The piles and piles of stuff that needs to be recorded. There somewhere in one of those unmarked, anything could be in there piles, is the biggest nightmare of a homeowners life. Makes me sick. It is always "How much should I charge for not knowing a damn thing about what I am doing with someone elses biggest most important investment of their and their familes life"
| Reply by Anonymous on 6/18/05 12:46am
Msg #45773
boy, who wants to be part of the board. you mr/ms know it all-- get some sleep.
| Reply by ItsMe123 on 6/18/05 12:59am
Msg #45776
Sweetie, I have been here since you learned to tie your shoe
And as far as my schedule, I will take charge of that but thanks for the concern.
| Reply by Anonymous on 6/18/05 1:06am
Msg #45778
Re: Sweetie, I have been here since you learned to tie your shoe
then you should retire.
| Reply by sandi_CA on 6/18/05 1:11am
Msg #45780
Re: Sweetie, I have been here since you learned to tie your shoe
Anonymous, you are way out of line! 123 was bringing up very serious matter.....is it beyond your comprehension? If you think his concern is out of place, perhaps you're persuing the wrong career.
| Reply by Anonymous on 6/18/05 1:15am
Msg #45783
Re: Sweetie, I have been here since you learned to tie your shoe
yes, I understand your concern(it is not beyond my comprehension) Maybe 123 should think of a better way to respond, instead of offending people. We are all just trying to get better at what we do.
| Reply by ItsMe123 on 6/18/05 1:30am
Msg #45788
"we are trying to get better at what we do"
Please please understand. Everyone and Anyone has a right, not a privledge, but a right to "try to get better at what they do" while they totally screw up and place what you hold as the most important valueable dear investment of your life in jeopardy. They are just trying to learn their profession. Yes you as an American should be subject to make 2 note payments every month if a lender decides to fund a note in a situation like this to hit their numbers while instructing a title company, who legally can, refuse to disburse the funds until the mess is resolved. Double house payments ---old mortgage as the loan has not disbursed and the new payment because the loan has funded. Why?, Because someone has a right "to get better at what they do" Go into foreclosure because you can't make both of the payments but realize you did help a mindless idiot on their path. Call and hire a lawyer you can't afford with your double house payments, make a complaint to the state that will surely be resolved after the redemption period of the foreclosure is over, contact the understanding credit bureaus to get your mortage history changed. You don't think this happens?....learn about what you do and how the industry works--learn the consequences to a homeowner for imcomptence like this along the line. You learn that and then I will retire.
| Reply by Forest Sisemore on 6/18/05 2:06am
Msg #45797
Re: "we are trying to get better at what we do"
Wow! Way to lay the "smack down" !!! You go girl...
| Reply by Anonymous on 6/18/05 8:03pm
Msg #45936
Re: "we are trying to get better at what we do"
What does this have to do with the subject at hand?
| Reply by CaliNotary on 6/18/05 4:50am
Msg #45805
Re: Sweetie, I have been here since you learned to tie your
Offending who exactly? It's a comment about a post on a completely different board. Who in here has any reason to possibly be offended by it?
This "it's offensive" crap is really getting out of control. Grow the hell up.
| Reply by CarolynCO on 6/18/05 1:12pm
Msg #45854
Re: Sweetie, I have been here since you learned to tie your shoe
**We are all just trying to get better at what we do.**
At a cost to ALL signing agents -- the ones who know what they are doing and the ones who don't. In all actuality, it is costing the ones who know the greatest price.
| Reply by BrendaTX on 6/18/05 1:40pm
Msg #45858
Re: Sweetie, I have been here since you learned to tie your shoe
[[**We are all just trying to get better at what we do.**
At a cost to ALL signing agents -- the ones who know what they are doing and the ones who don't. In all actuality, it is costing the ones who know the greatest price. ]]
To "we are all just trying..." - Wrong line of thinking...you are not playing chess or working at the improvement of your skills of your favorite hobby. Grow up and realize this is a business.
To Carolyn: Exactly, Carolyn. I don't intend for myself to humiliate anyone, as I believe that it is wrong to intentionally humiliate. However, if straight FACTUAL comments and answers on a public forum humiliate, it's because the one reading has humiliated him/herself.
I have put together a plethora of informative resources for new notaries and have given the links out numerous times. They are in this forum and I am not going to repeat them except to say, as always...go back to the thread where many caring SAs have given a ton of info for beginners - See #33325 and read the whole thread.
People who use the resources I have compiled write me and ask me specific questions and I help them when I am able. No, I am not bragging--just stating factual data, so don't even go there. I won't answer it.
Those who like to anonymously say how mean I am are so taken with their own little worlds that they never stop to realize that they have not helped anyone succeed in this business, in fact...they'd like to see mean ol' Texas Brenda fall flat on her face because she tells it like it is...sometimes the truth hurt their feelings. Naysayers who have a problem with me, let's see your proof and lets see you put your money and time where your "mouth" is.
I do not charge for my help, nor do I tout the future benefits of becoming an NSA so I can become a teacher to the masses who need income and then CHARGE THEM to utilize my help. Talk about manufacturing one's own future clients! There's an old saying "those who can't teach." Now, I am from a long line of excellent teachers and mentors, and teachers made the difference in MY life. However, this old saying could apply to some like this: "those who see the end of the refi boom teach and write books."
This is not referencing SylviaFL or Kathy Poston (http://signingregistry.info) or Victoria Rivera (http://justpointandsign.com) who have made a historical and significant contribution to NSAs when it was timely...and this information will continue to benefit my future.
I continue to give back to my profession and strive to raise the standards of notaries and NSAs in provable, material ways as shown in my posts, blogs and my on-the-phone track record. As a result, I sleep like a baby at night...and I work like a dog during the day.
I challenge those who don't like my comments to show what they have done to make a tangible difference to our professions.
| Reply by Bob-Chicago on 6/18/05 3:55pm
Msg #45879
Excellent sources cited by Brenda
I highly recommend the two links toward the end of Brenda's post/
If you master the recources from both links, you will be a first rate NSA and positioned for success in this business.
Considering her comments come from a Texan, her advice ain't half bad.
Seriously, check out both links.
| Reply by Ernest_CT on 6/18/05 4:35pm
Msg #45886
Kudos, Brenda! Well said! Your help IS apprciated. n/m
| Reply by Anonymous on 6/18/05 9:30pm
Msg #45961
Re: Sweetie, I have been here since you learned to tie your shoe
You say: " As a result, I sleep like a baby at night"
Perhaps you can pass this how-to along to Callme123. He/she is sleepless and it is making old 123 nasty.
| Reply by Anonymous on 6/18/05 9:25pm
Msg #45959
Re: Sweetie, I have been here since you learned to tie your shoe
How so? You should be getting more business.
| Reply by Anonymous on 6/18/05 9:22pm
Msg #45957
Re: Sweetie, I have been here since you learned to tie your shoe
good job!
| Reply by InkWerk/CA on 6/18/05 3:25pm
Msg #45873
Re: Sweetie, I have been here since you learned to tie your shoe
This thread is hilarious! Go read the what all the fuss is about at gmn
| Reply by Barry/FL on 6/18/05 2:03am
Msg #45796
I am very disappointed to read such a response. One can be helpful through constructive criticism and subtlety rather than sarcasm, insults, name-calling, and public ridicule. Would you like to be treated this way by a teacher or mentor? Writing/offering some advice (myself included) with which you might disagree does not mean that tact should not be a tool utilized by you.
I believe these boards exist for us to help one another. Obviously, you are a SA with experience, and you have the power to throw people a life saver or an anville. In the event of drowning, which would you prefer to have thrown at you?
I'm glad you have knowledge and experience. It makes the rest of us look great! Now just add some humility, and you'll be superior.
| Reply by Dave_CA on 6/18/05 9:49am
Msg #45824
Agree with 123 & Cali
And respectfully suggest that many of those posters who were discussing the relative merits of could/should this be done or what to charge would miss anything subtle.
Regarding the life saver. Someone would have to realize they were drowning for it to be of any use.
| Reply by Teasa/NY on 6/18/05 10:08am
Msg #45827
Re: Agree with 123 & Cali/ Me too
| Reply by Nicole_NCali on 6/18/05 11:59am
Msg #45839
I have never heard of recording before the recission...
I go to the county for one of my lenders. I do record the DOT, but this is after the underwriter has made sure that all conditions have been satisfied. Like the identifications have either been faxed or received with the packet.
The dot is by my experience recorded before the underwriter has been given a chance to review the whole packet and I have never personally recorded my own DOT. This particular lender and title company has a 1.5 week turn around.
I agree that with inexperience or not even thinking of the repercussions, a SA can and will get themselves and the borrower in trouble, but in this lenders instance, the people who are making the orders are specifically giving this order after the RTC which for this lender is 7 days.
I love the original post..information is invaluable.
| Reply by Nicole_NCali on 6/18/05 12:17pm
Msg #45841
Re: I have never heard of recording before the recission...
"The dot is by my experience recorded before the underwriter has been given a chance to review the whole packet and I have never personally recorded my own DOT. This particular lender and title company has a 1.5 week turn around".
This sentence is wacky
What I meant is that the DOT is not recorded before the underwriter has a chance to see if all conditions within the packet have been met. Therefore the DOT is recorded about in about a week and a half after the RTC.
Another reason that the DOT is not recorded immediately is because there may be something wrong within the whole loan packet, the docs may have to be redrawn and if a DOT is recorded for this loan, then a reconveyance will happen and that would be plain old stupid on the part of the lender.
Maybe the notary was confused about the instructions and this was meant for the Title closing agent and the wording was kind of scewed.
| Reply by Barry/FL on 6/18/05 9:24pm
Msg #45958
Re: Agree with 123 & Cali
Then I take it you believe people new to the business should be publicly crucified for having the good sense to ask a question? If you don't believe in being subtle, then what about a polite, direct approach such as, "This is beyond what a notary should do. Call the settlement agent and/or lender and let them know you will not be involved in this."
I have to wonder sometimes about the personality of one who agrees that it is always best to cut someone down instead of building someone up and helping someone build a knowledge base and self-esteem.
Being derisive is a form of comedy used toward others to make oneself feel good or superior by deflecting the obvious flaws in oneself and pointing out the flaws in others; however, these types of people have my sympathy rather than my laughter because they know better than to victimize those who are less fortunate in some way, but they disregard those people's feelings because the laughter they are receiving from the other insensitives is to appealing to their self-centered egos. Then there are those comedians who can poke the fun at themselves, make the entire house roar with laughter, and reach & teach us something about ourselves along the way. With that valuable release of endorphines, we leave feeling better than when we came in, and we are stronger for the experience.
I prefer the latter. Why? I help a collegue; I build self -esteem; I give & get respect; I help other notaries look stronger for those SS's and TC's who silenty monitor our chat; I build the character of what is becoming a chosen profession; I help raise the fees notaries are paid; I improve other notaries' performance, and I walk away stronger believing I made a positive influence on someone else. What is it that name-calling, sarcasm and ridicule builds?
In closing this dialogue, I offer my mother's advice (an old cliche but affective), "If you have nothing nice to say about someone or to someone else, then don't say anything at all."
I wish you, Dave, and Westlakeshorelady (It'sme123) the best in the future.
| Reply by BrendaTX on 6/18/05 9:41pm
Msg #45964
Re: Agree with 123 & Cali
***Then I take it you believe people new to the business should be publicly crucified for having the good sense to ask a question? ***
Barry,
No one should be crucified for anything anywhere, however, the posters need to take responsibility for their actions. Public post = public responses.
This (and gmn) is a PUBLIC board. Anyone can post anything here. If the posters read a little before asking, they might figure that out and make a phone call to the hiring entity to get accurate answers in private. That they don't put time into figuring out they are opening themselves up to this is their fault, not the fault of people who respond to what those people see as critical issues.
Not saying they should or should not ask questions, but this is reality...and...public boards are not group therapy tailored to boosting self-esteem.
People who want to assure they never get an answer that will prick their feelings should definitely consider joining http://www.signingregistry.info . It's a PRIVATE forum that is monitored by its owner.
| Reply by Barry/FL on 6/18/05 10:36pm
Msg #45973
Re: Agree with 123 & Cali
I have to disagree. A majority ridicule does not always make rude responses the proper thing to do. There is such a thing as discretion. People who post questions obviously don't know, and they look to their peers for assistance. What's wrong with that? Why chase away people who might be able to assist us one day? Do you remember being in school? Do you recall the first day you stopped askling questions and started and the road to low grades? I bet even money it began shortly after a whole class laughed and poked fun at someone who did not understand something and asked the question publicly. Did the person who did not understand the concept and asked the question deserve the response from the class? Can you see why it is so important to assist each other? We have the ability to help or harm. Which do you think is the most constructive?
I am not asking anyone to act as a therpist, but I go back to the cliche, "If you can not say something nice..." In this manner you can have your own opinion and not go out of the way to embarrass someone asking for guidance.
If everyone followed a proper procedure, then everyone would be calling the company that made the assignments first, rather than asking thousands of notaries spanning the U. S. where laws vary from state to state to get answers which may or may not pertain to them.
I choose to leave insult, name-calling, sarcasm, ridicule, etc. to those who, as it would appear, care nothing about people.
As the "posters" of this public board, we have the ability to make it helpful for others regardless of the type of quetion asked or a foul forum to boost our own egos.
Which do you think is most constructive?
| Reply by HisHughness on 6/19/05 2:10am
Msg #45996
Re: Agree with 123 & Cali
Barry/FL tritely chides:
***I am not asking anyone to act as a therpist, but I go back to the cliche, "If you can not say something nice..."***
"Say what you will about Adolph, he sure did give genealogy a big boost when he insisted that everybody's boodlines be exposed so that no Jews would escape."
"Well, I think you have to admit that the guys at Enron were first-rate as far as creativity goes."
"Yes, I understand that his choice of comestibles was a trifle innovative, but for good down home cooking, nobody could beat Hannibal Lector."
"Sure, I knew Scott Petersen. Easy-going sort of guy, really likable; used to make a big joke out of how poor a swimmer his wife was."
"You just gotta hand it to him: Nobody can dress up a tired, anemic, pointless cliche like Barry."
| Reply by Barry/FL on 6/19/05 2:57am
Msg #45997
Re: Agree with 123 & Cali
Dear, Dear HisHughness:
Your very username suggests a touch of arrogance surrounded by ego and superiority. To quote Clint Eastwood as Harry Calihan, "You're a legend in your own mind."
Look at the extreme situations you used as reference points. They are, perhaps, cute attempts at humour, but they fall quite short of any intellectual value or realistic comparison to a post by a fellow notary on a public board; and did not get even a smile from those who have compassion and feeling for others who are asking questions to learn a business.
A comparison you might understand follows:
In pre WWII Germany, the Nazi party chose their scapegoats for the evils of the world. Laws were passed taking away Jews' rights to own property, business, even handle money. The masses went along with this because someone had to be the blame. Eventually the Jews became slave labor, and when their energy to stand was gone through slow starvation, they were killed for being useless. Shortly thereafter, The Final Solution was introduced, approved, accepted, and initiated to exterminate the Jews.
The masses of Germans living in those cruel and all too human times dared not speak out about the injustices. The Nazis routinely beat people to death in the streets to demonstrate what happens to those who speak against Hitler. It did not matter whether what the Nazi's did was right or wrong, it was the appearence before the masses that mattered most to them, lest they be turned in to the authorites for being traitors to the Fatherland.
Why this brief history lesson HisHughness? You remind me of one of those many mindless people who lived in WWII Germany; you go along with whatever someone else says, especially if it helps you blame others for something wrong with the situation or profession. You sit at your computer and type out those quotes stated by other satirists to show others that you are alert to what other self-appointed intellectuals say and have some type of intelligence to believe you should agree with them.
You are one of those people who can only feel good about yourself by trying to put down others like the poor comedians who think all they have to do is say a couple of compund words of profanity to make others laugh.
Earlier this evening, I had a dialogue with someone who respects you. I thought I would read your posts to get to know you. After reading the mindless and thoughtless reprinted dribble you have here, I wonder why anyone respects you.
I suppose you also think the Ten Commandments are useless, or that courtesy is for the weak. I live by the old cliches because they teach morality, ethics, character, and values; all of the significant traits lacking in your thoughts through your posts.
You see HisHughness, I too can put others down and do it with so much less effort than to build others' characters.
Since you work this profession, tell me what it is you do, Hugh, that makes you improve the quality of what you do and what others do? How do you assist in educationg others? How do you help people? What do you do to feel good about yourself other than attempt to insult others? We could go at this for quite some time, but what goal will that accomplish? What lessons will other notaries learn here? In what way does this make you feel good about yourself?
May you find the peace you so earnestly need; may you have the success you desire; may you have the luck of the Irish; and may you grow as an individual to become a constructive contributing member to all communities with whom you have contact.
I will no longer trade words with you, Hugh. There is no benefit for me in continuing in this manner. I will simply pray to G-d to help make you a more mature and better person.
| Reply by HisHughness on 6/19/05 10:04am
Msg #46012
Re: Agree with 123 & Cali
Barry/FL makes the unkindest cut of all:
***You sit at your computer and type out those quotes stated by other satirists to show others that you are alert to what other self-appointed intellectuals say...***
Accuse me of wife beating. Say I pull wings off of butterflies. Report that I put Ex-Lax in the children's Halloween candy. Bruit about that I peed in the communion wine. But please, Barry/FL, don't ever accuse me of plagiarism.
>>I<< am the "self-appointed intellectual" who coined those phrases, not some "other satirists." There are those among us, Barry my friend, who are capable of communicating without scattering around stale crumbs from moldy tables.
But as to your main point: I have had the privilege of being a member of several professions in a long and sometimes disreputable professional lifetime. In none of those professions was an individual completely unequipped for the task permitted to so cavalierly endanger people's financial well-being. That is what happens with signing agentry. And if it requires scathing feedback on a miscreant's slip-ups to drive home the point that he or she doesn't need to be wielding a stamp on a half-million-dollar transaction, then I think scathing feedback is entirely in order. You should find other times and places to employ your Dr. Feelgood bedside manner, like maybe when the waitress brings you coffee instead of tea. That is the level of qualifications generally displayed by those who draw fire on this board.
| Reply by Barry/FL on 6/19/05 11:50am
Msg #46021
Re: Agree with 123 & Cali
Being well read, I can state unequivocally that you are not the creator of the quotes placed in your post. As for your incorrect assumption that you were accused of plagiarism, you obviously need to go back to Reading 101 and learn how to comprehend what you read, or are you simply feeling guilty for lack of providing bibliogrpahical material for the references you made?
"...stale crumbs from moldy tables?" Another attempt at sarcasm, which further illustrates your lack of ability to affectively communicate with others.
As for the last paragraph you wrote...oh, where to begin. You should probably couple that Reading 101 class I suggested with Composition 101 as the ambiguous meaning of your statement implies and means that you are admitting to having a disreputable professional lifetime in several professions (in other words, you are admitting to being a disreputable person in your professional life). Why then would anyone care what you have to say from this point forward?
In every profession with which I have had contact, there is always someone who is incompetent whether it be a doctor (who misdiagnoses and costs someone irrevocable damage or death), an electrician (who could be responsible for starting the electrical fire), a chef (who could be responsible for food poisoning), a cop (whose over zealousness to catch a criminal may cost the innocent his reputation, freedom, and life), or the plumber (who may cause contamination in the drinking water).
The fact is that all of the aforementioned require a rigid course of study and licensure in order to avoid those errors. There is no such thing for those wanting to be Signing Agents.
And when we get to the heart of the matter, the Signing Agent is responsible for verifying the identity of the signer/s, properly filling out notarial certificates, and other factors as guided by varying state laws. If you take this profession so seriously, then you should direct your hostility into creating legislation that provides for notaries to have rigid training as to the dos and don'ts, or is it simply easier to chop others down to boost your already over inflated ego?
I choose to try and make everyone feel good about themselves in every aspect of life as it costs me nothing and pays dividends to others that improve relationships both professionally and personally for them, which is a concept you obviously can not grasp!
Apparently, I have struck a nerve with you, and my words are heavy on your mind, or you would not spend so much time rereading what I have said to be sure you are quoting me correctly. I am indeed flattered that I evoked such a response from you, but I fear that it is falling on ears that can not hear and a mind that can not comprehend.
You should have used quotation marks in the part of the title of this message, which was obviously taken from Shakespeare's JULIUS CAESAR, III.ii, Mark Antony's Oration.
I will continue to pray for you.
| Reply by HisHughness on 6/19/05 1:29pm
Msg #46039
Re: Agree with 123 & Cali
Barry/FL continues flailing:
***Being well read, I can state unequivocally that you are not the creator of the quotes placed in your post.***
Barry, my boy, I'll bet the deed to my house (well...the part of it that I own and that my Beautiful & Talented Wife, now my Beautiful & Talented Estranged Wife and one day to be my Beautiful & Talented Ex-Wife isn't attempting to wrest from me) against the title to your Chevy Nova that you cannot find any of the allegedly purloined quotes anywhere except on NotRot in my recent post. Wanna take that wager?
Let me tell you in advance that you'd have better luck finding a thousand monkeys that can type and putting them to work than you will in sourcing those comments.
Also let me add that you didn't have to tell me you were well read. That was obvious: You'd been reading my posts, and that assuredly qualifies you to be numbered amongst the well-read contingent.
| Reply by CaliNotary on 6/19/05 3:40pm
Msg #46058
Re: Agree with 123 & Cali
Looks like you got yourself a live one here Hugh. I'm jealous, none of the pseudo intellectual windbags ever offer to pray for me!
| Reply by Barry/FL on 6/19/05 6:36pm
Msg #46073
Re: Agree with 123 & Cali-Hugh & Cali; I pray for you both!
Poor Hugh,
You have a wife who is soon to be your ex-wife (your own admission...and what that has to do with the initial topic I'll never know); you attack others on the board with flagrant disregard for those you attempt to offend; you make judgements and assumptions of others in the hopes of being offensive and build a fan base made up of those people like Cali whose best shot at attempted insult is equivalent to something like, "Oh yeah!"
***Note for Cali: Even a psuedo intellectual has a more original thought than what you have displayed here; please leave the thinking to those with the ability to do so. You might want to think about why you are so quick to attack someone you've never met. Is life that empty for you?
A marriage gone bad; attack on others who have good sense to ask a question; a need for self-importance; ego larger than any I have ever encountered; taking credit for what others said; not giving credit for the quotes you borrow; and continuing a battle of wit where you have no ammunition. Frankly, I can not battle an unarmed being such as yourself. Each post makes you sound less mature than your previous, and even my words of wisdom will never help you improve. With all the negatives you acknowledge in your life, have you ever stopped to see where it is you contribute to the negativity. Perhaps, after a self-evaluation, you will see the flaws from within, attempt change for the better, and be happier for the process.
By the way, Will Rogers never met you, did he?
Since you are one who apparently believes he must have the last word, I yield the floor to you. Even my words of wisdom will never make a dent in the shallow thinking you exhibit. There must be some sort of depth to make any type of impact, and candidly, I tire of the game; it is not stimulating enough for me!
Feel free to continue in the manner you wish. You can no longer evoke any response from me as I no longer see the benefit. I do admit though, I don't know of any time where I sat at a computer and laughed as hard as I did when I read your posts. So, I say thank you for the entertainment, and...
I will continue to pray for G-d to enlighten you...and since you too Cali feel a need for someone to pray for you, I will include you in these prayers as well.
I wish you the best of luck and success.
| Reply by CaliNotary on 6/19/05 7:32pm
Msg #46085
Re: Agree with 123 & Cali-Hugh & Cali; I pray for you both!
"and since you too Cali feel a need for someone to pray for you, I will include you in these prayers as well."
Woo hoo! The squeaky wheel really does get the grease. Thank you for your prayers Cliff Claven, they are much appreciated.
| Reply by HisHughness on 6/19/05 9:27pm
Msg #46096
Re: Agree with 123 & Cali-Hugh & Cali; I pray for you both!
Barr/FL interestingly continues to wail that another poster is:
***taking credit for what others said; not giving credit for the quotes you borrow; and continuing a battle of wit where you have no ammunition. Frankly, I can not battle an unarmed being such as yourself.***
Googling "battle of wits" and "unarmed man" turns up approximately 4,730 entries. If you are to speak to a subject, you obviously should know something about it, and it is apparent that "taking credit for what others said" is something Barry knows quite a bit about.
I am reminded of the time when I read a particularly piquant and now famous line in a news story, about a guy who was killed by a stray bullet while standing at the order window of a takeout fried chicken place. The lead was, "Jose Martinez died hungry." "Damn! I wish I had written that!" I exclaimed. "You will, Hugh, you will," the city editor wryly remarked. And right he was: I just wrote it.
While you're praying, Barry, my good fellow, pray that nobody notices you have not yet produced the original sources for any of the quotes you have said in a couple of posts that I stole.
| Reply by CaliNotary on 6/19/05 3:41pm
Msg #46059
Re: Agree with 123 & Cali
"I will no longer trade words with you, Hugh. There is no benefit for me in continuing in this manner."
Wow, you made it whole 9 hours before your ego made you spew out 10 more paragraphs.
| Reply by Barry/FL on 6/19/05 6:45pm
Msg #46074
Re: Agree with 123 & Cali...Sesame Street
I am so proud you learned how to count. Did you double check your math?
| Reply by CaliNotary on 6/19/05 7:30pm
Msg #46084
Re: Agree with 123 & Cali...Sesame Street
Wow, you're really bad at this. Surely you can come up with a less lame insult than this.
| Reply by ERNA_CA on 6/19/05 5:38pm
Msg #46067
Re: Agree with 123 & Cali..Barry
You just stated what most of us on here have gathered from reading the posts, and most of us just have to see the names of the posters, and we skip over that post. The board becomes a much better place to visit ones we do that. What should happen is that the board monitor should immediately delete that post and most of us are still wondering why that dose not happen.
It defiantly dose not benefit anyone to read posts which include personal attacks on others, name calling which most of us have not seen since the elementary school if we were so unlucky as to have a bully in our class and the egoistic rubbish that goes on and on.
Hopefully the board monitor will start deleting the posts, in the meantime we just skip reading the posts as we know they are not a pleasant read.
A personality which lacks humility is one most of us avoid. Its always a few in every crowed and are always avoided by all and most of the time pitied or laughed at behind their backs. But they fail to realized how ridiculous they look in the eyes of others as they seem to be blinded by their own ego, so you are right, they need prayers.
I only red your post but I don't have to or want to read the others post, to know that you were graceful in your response, which showed that intelligence doubled with high standards is to be enjoyed, to see anyone with smarts use it to further their own by hurting others is what most posters on here have decided to ignore, and which hopefully will just show as deleted by board monitor sooner than later.
| Reply by BrendaTX on 6/19/05 10:13am
Msg #46013
Re: Agree with 123 & Cali - Barry...
Barry,
Thank you for your nice email. I hope you and I can agree to disagree on our philosophy.
Majority ridicule does not make ridicule acceptable. But, rudenss and ridicule is a fact of public forums.
While I believe your theory of engaging civility is excellent, it is not enforceable in a free public forum. Lots of things are out of anyone's control choosing to post is accepting responsibility for the answers...perhaps 'accept the things that cannot be changed, change the things that can be changed, and use wisdom to know the difference' can be applied here.
A poster can only change him/herself to work around the negative input.
| Reply by Barry/FL on 6/19/05 12:02pm
Msg #46022
Re: Agree with 123 & Cali - Barry...
The best relationships of my life were with people who agree to disagree. It demonstrates a mutual respect without trying to force one's beliefs on another. With what you have written here, however, I agree with you wholeheartedly.
While I do not expect to change the world (or this forum) with my personal beliefs in how people should treat each other, I must continue to help others understand that there is more to teaching than cutting someone down; if I stop trying to help others improve, then I have become a hypocrite, a passive resister, and worse yet, a person who allows himself to be defeated against overwhelming odds. In short, I know people are people and will say and do whatever makes them feel superior to others. I don't need to placate myself by demonstrating my knowledge to others to prove I am the Super Signing Agent Man, but I have no problem demonstrating tact, which in my opinion, goes so much further in helping people improve in this business. The end result is they improve and make us all look better rather than being afraid to ask questions and continue to commit errors, which makes all of us look bad. Even doctors confer with other doctors whn they do not know the answers. Why should we be any different?
| Reply by BrendaTX on 6/18/05 1:21pm
Msg #45855
Barry -
With all due respect, you are living in a dream world, and it's a place I used to live and wish I could go back to. If you don't believe this statement, go back about a year and look at how nice my posts were and how I always wanted to make peace and sing campfire songs.
People (and Barry) this is a board for professionals, it is not group therapy where you learn to overcome your insecurities with life.
As a signing service, you can learn here who is going to do a job and follow it through to completion flawlessly. If you want people who will return your docs with missing seals, or seals on the RTC, you'll get a following quickly and you'll go out of business. Your words are not conveying the experience required to run a signing service.
I would rather throw an anvil to those who don't care enough to learn this business before grabbing a stamp and getting on the road than to throw them a life raft and tell them it's okay to screw with YOUR livelihood and that of the title companies and lenders...not to mention the borrowers' single-most important investment of their life.
Being sweetie-nice is not the way to get someone to listen to advice. However, if someone like Itsme123 comes in and slaps the board / readers with reality by a general post NOT pointed at anyone here like she has made, the ones who are going to learn will think "Hmmm, let me remember that so I don't pull a stupid stunt like that." That's how I learned not to be stupid in the field.
The ones that don't belong in this business won't learn from this and they will surface as those not cut out for the job quickly...and hopefully beat a hasty retreat before they blow a commission check for one of YOUR clients.
| Reply by Nicole_NCali on 6/18/05 1:33pm
Msg #45857
Brendatx. have you been contacted to to county work?
Hi Brenda,
Have you been contacted by your title companies to do their county work, like abstracting, recording etc. I have been doing the recordings for one titlel company based on a recommendation from a lender and this has been happening on my lunch breaks, I invoice for $300 and this is cheap because the title company is sending me down with this lenders stuff and some other lenders stuff.
If you have been doing this, what have you been charging? Please email with an idea. This part of the business is becoming a real drag.
| Reply by BrendaTX on 6/18/05 1:45pm
Msg #45860
Re: Brendatx. have you been contacted to to county work?
Nicole, There are only three title companies in my town and there is a group here in town that does this. I am on the fringe of all things title and real estate in my area because I have not lived in this area since creation. I have scratched and dug deeply for ever shred of work I have come into.
However, I was doing some courthouse work for a company called Contemporary Reality and it became a drag. Charging enough to make me want to go to the courthouse is key. I will no longer go for less than $50 for any service. Not trying to be snippy, but they can take it or leave it because it is not as easy as it sounds sometimes.
Now, to those who want to get into this, don't start with that attitude. Volume is where you build a business of it. However, I am not the one to key in on to get answers from in this situation.
| Reply by CarolynCO on 6/18/05 2:12pm
Msg #45863
Re: Brendatx. have you been contacted to to county work?
**Charging enough to make me want to go to the courthouse is key. I will no longer go for less than $50 for any service. Not trying to be snippy, but they can take it or leave it because it is not as easy as it sounds sometimes.**
When I begn my secretarial service in 1993, I didn't know that the piece of pie I was going to end up with was going to be so small after expenses, taxes, etc. Now I know what I need to charge in order to make a decent profit. When I first began, I would take any work at practically any price. After 12 years I have built my clientele who, at time, still complain about my rates, but still call me because they know the quality of my work. When I get calls from attorneys "shopping" for the best price instead of the best quality, and they tell me that they might call me back -- my response is generally "the price will be higher the next call."
| Reply by CarolynCO on 6/18/05 2:01pm
Msg #45862
Although I generally point out what these posts and posters are doing to the signing rates (as I have done in this thread as well), we, as SAs, are just a small segment in the Borrowers purchase, refi, HELOC or reverse, however, their loan rests in our hands , and the final impact on the Borrower is determined by the docs we return. Brenda, as you said, this is probably one of the most important things tthe Borrowers have done in their life and they don't take the process lightly, nor should we as signing agents.
Although this is not rocket science, the loan rests in our hands -- I compare it to needing a criminal attorney (doesn't matter whether you did the crime or didn't) . If the judge doesn't like the attorney, or if the jury doesn't, your destiny lies in your attorney's hands even though the jury or judge actually decide your guilt or if you walk. If we return a doc with missing seals, names, initials, incorrect dates, etc. and this causes the Borrowers not to get the loan, or lose the locked in interest rate, the Borrowers/SS/TC are not going to pat our hand and be sweetie-nice while telling us "that's okay, you'll do better next time."
| Reply by Anonymous on 6/18/05 8:20pm
Msg #45944
You actually know of a borrower who did not get his/her loan because of a missing initial or notary seal? All this talk about judge, jury, guilty or "walking." I sincerely hope that a refi isn't as life altering as you make it out to be. If it is I am going to start asking alot more money because of my importance.
Think this situation through. First, if she had called the bank and/or title co. they would have told her (probably) it did not pertain to her. Second, worst that could have happened she/he would have rushed to record the doc and found out it could not be done, if in fact, it could not be done. Am I missing something. Would the borrower been thrown into jail or debtors prison? What?
| Reply by InkWerk/CA on 6/18/05 3:45pm
Msg #45876
Brenda, the problem is that the newbies start to become oldies and like to dish out what may have been dished to them and become irritated at the new competition, especially when they don't know jack. It happens in all industries. To add fuel to the fire, we were flooded with newbies 2-3 years ago who are now wannabe oldbies and are the "all knowing and guiding lights" and love to raise hell on the boards. That's not a poke in the ribs at anyone but it is comical to watch. I will go back to watching now. Be careful on the transition to becoming an oldbie. 
| Reply by BrendaTX on 6/18/05 4:10pm
Msg #45884
***Be careful on the transition to becoming an oldbie. ***
See, that's just it. I don't consider myself to be an "oldbie." I consider myself able and and willing to learn but also doing this long enough to know when I don't know. (As an aside, some of the smartest people in the world with training and years in their chosen fields are also the ones who don't know jack because they cannot accept reality or change.)
I came along with the 2-3 about the time the flood began. I, unlike my counter-parts, did not read an ad and decide I was going to qualify myself through a course with a teaching organization.
My time as an NSA started when I fell back on my loan processing experience to gather credit info for a loan that had been requested of my mother on a piece of property. I was looking online and read about the concept. Since I was selling books with Amazon at the time, I did not give it much thought. However, once I realized that used booksellers had rushed to the front and I could no longer make $50 on a textbook -- my profit margin was falling to around $5-$10 where before it was $25 - $50, I said: Time to look at something different, and I did.
I assessed the NSA role as one that I was prepared by hands on mortgage processing and mortgage lending training, notary experience for years, family background in developing properties, knowledge and work ethics to fill the position.
My biggest learning curve was to learn the new model of finance to cancel out my old neighborhood bank/finance experiences. Since I had been out of the legal/title/mortgage loop for awhile, it took me some time to realize mortgage financing had gone national.
Very little was dished to me because I was actually never a wide-eyed optimist looking for a stay-at-home business I knew nothing about. It's nuts that people jump into this business without properly preparing themselves.
Also, I guess at 46 I must seem ancient to some. However, because I am older in that respect I was shocked when I realized that the NNA solicited people to become notaries to fill a membership in the NNA. It seems vulgar to me just like it used to be vulgar for lawyers to advertise on the back of telephone books and in newspapers. Times have changed. I accept that. I embrace it and look for ways to change so that I can survive as a self-employed person.
Recently I have been made aware of proposed changes in Texas law that may be a real problem to NSAs. It is a disappointment, but I promise that I won't be one of the ones who'll be looking for business where there is no business. I'll have moved on.
"Newbies" come here without a clue of what is going on in their industry. That's just not good business and the ill-prepared nature of them is degrading to all of us...including signing services which are getting less and less from title companies to do more and more because of the lack of quality and knowledge in the field. Why pay well for a notary signing appointment when there is a high percentage of resigns and problems?
(BTW - Being a comedian is something to consider if or when this gig becomes a bust. )
| Reply by Anonymous on 6/18/05 7:58pm
Msg #45935
When you started in this business, did you ever made a mistake or have the need to ask a question? If you say no, I will assume you are perfect. Not like the rest of us. Calling attention to the situation may be in order but this 123-person appears more interested in singling out a person as incompetent. That is sad and unnecessary. Many of these responses seem to give an answer. Quite frankly, I would tend to ask the title company, siging company, or lender (whichever is appropriate), for clarification. Then you can make the decision how you personally and/or professionally should proceed. All of these answers. Very little about imparting information that is helpful on sigings. Lots about incompetence and bad raps for those perfect signing agents. Be grateful you are so good. You will probably end up with all of the business in your area.
| Reply by BrendaTX on 6/18/05 9:18pm
Msg #45955
>>When you started in this business, did you ever made a mistake or have the need to ask a question?<<
Yes. I have made two mistakes that stand out in my mind. Once I had to go back and get initials the next day before sending off.
Once I left a notary seal off of a doc on a H.I. loan document and sent it back like that.
As to questions, I still have them on occasion. I'll ask them here if I cannot find the answer for myself. Once I get an answer here I can find a source that will give me validation of the accuracy of the answer.
>>Quite frankly, I would tend to ask the title company, siging company, or lender (whichever is appropriate), for clarification. <<
That's what I think is the best route to take.
>>>Be grateful you are so good. <<<
When people start thinking they are *good* at this they take big falls and make mistakes. I am grateful I am getting enough experience to feel confident about what I do.
----
Just a little food for thought:
Since you brought it up....how did this response impart information which is helpful on signings? I think it is fair to say that it was more about being snide to me.
| Reply by Anonymous on 6/18/05 10:48pm
Msg #45976
You make a good point. But honestly I did not mean it to be snide. This is one of the longest "threads" on the board. Sadly it imparts very little useful information. The poor person who started the discussion has been bashed so bad to what end. It is even hard to figure out what the question was in the mess. I apologize for "being snide." I hoped I was only bringing out that we all were beginners at one time, maybe asking questions that today we would consider "dumb" to us. But we are still here, hopefully good at what we do and doing well. And probably still asking questions at times and hopefully learning new things.
You know, this has been beaten to death and I am sorry if I offended you in any way. I will end by saying even the lenders or title companies are unaware of the procedures in some states. In my county, a mortgage cannot be recorded if not in black ink. When I get a request for blue, I call and tell the lender/title co. (whomever). But I tell you, if they were to tell me sign in blue, I will get it signed in blue. In my opinion (and it is only my opinion), my job is to get it signed correctly and follow their instructions to that end as long as it doesn't compromise my position as the notary or break any laws.
Now, what does all of this have to do anything else in this thread. Absolutely nothing! So, I guess I guess I pontificate just like everyone else. LOL.
| Reply by Sunny on 6/18/05 7:27pm
Msg #45925
Barry, you are right. Strange as it sounds, criticising...
in a vindictive manner makes them feel superior. I guess they have to have something in their lives that does.
There should be more like you on these boards.
| Reply by Anonymous on 6/18/05 9:32pm
Msg #45963
Amen!
| Reply by Fay, CA on 6/18/05 1:00pm
Msg #45849
Re: Can you believe this imcompetence? PEOPLE - Please!
123 has brought up a valid point. You are not experts in the field of mortgages or the law. For a newbie to actually think she has to record the DOT instead of the closing agent is dangerous. Realize this and let them know immediately that what they are doing and thinking sets them up for a very huge lawsuit. It is only for their own good.
| Reply by Nicole_NCali on 6/18/05 1:06pm
Msg #45852
One can only imagine what some people are thinking
I just posted here and it was posted on nr and gmn that some SA are abstractors and spend alot time at the county apart from their signing business. The recording of documents is handled after the RTC by about 99% of lenders. The instructions for the other person on GMN was implied for the Signing agent after the packet is QA. Because the newbie doesn't understand how the loan even gets to them and all of the steps taken before the signing and after the signing, they would have went down to the courthouse or county recorder and did what is instructed.
| Reply by Anonymous on 6/18/05 9:20pm
Msg #45956
Re: Can you believe this imcompetence? PEOPLE - Please!
You are joking, yes?
| Reply by CarolynCO on 6/18/05 1:10pm
Msg #45853
It should come as no surprise that posts like this are the reason SSs are now paying so little, and that there are umpteen faxbacks and phone calls required.
| Reply by Anonymous on 6/18/05 8:12pm
Msg #45940
What does this mean?
| Reply by InkWerk/CA on 6/18/05 3:18pm
Msg #45872
What are you talking about???
"you know some of the boneheads actually got this conversation to the point of wondering if one could record before the recission period was up? They actually thought the notary was to do this and were wondering when she should head down there"
Really? Which boneheads would that be? The majority stated that most likely it is not for her to record and that was it. We did start a little discussion about recording (NOT FUNDING) during the rescission period which is not out of line. So what if a naive question was asked and/or a just as naive discussion is started. I have read them before you where on these boards and I will probably still be reading them long after you are gone...or maybe not. One thing for sure is you nor I will change this industry to rid new people from entering and asking out of line questions.
| Reply by Barb_NY on 6/18/05 7:38pm
Msg #45928
Wow. Is this the most exciting thing in your life. You are on two message boards with this issue. Somebody is trying to learn and has the humility to ask a question. It would take less effort and SHOULD give you more satisfaction to answer correctly if you can. Must be great to have been born all-knowing. You are the one who is the jerk and what you call incompetence is someone's lack of experience in a given situation. I am sure some of the answers on the questioner received will help in the future. Just what did your answer accomplish? Perhaps it's lack of sleep that makes you so nasty. You need to get a life.
| Reply by Sunny on 6/18/05 7:57pm
Msg #45933
Good response! You go girl!!!
| Reply by Nancy in Florida on 6/18/05 8:52pm
Msg #45950
This is not and should not be a learn as you go profession. It is scary to me that so many people have become an SA that probably have such little mortgage/RE closing knowledge.
In my past life I ran a Closing and Post Closing department for a large Bank. The post closing end of the department received the loans and did the QC of the docs to send to the investor. Mistakes were made throughout the entire process and especially at closing and we used Attorneys to do our closings yet docs weren't signed or were signed incorrectly. It was at times very difficult to get the borrowers to resign docs and sometimes the mistake caused the loan to not be purchased by the investor. Do you know why we usually have a Final Application (1003) at the closing for the borrowers to sign even though they might have already signed it at orgination? Because it is a FNMA/FHLMC guideline requirement. Do you know that most loans purchased by FNMA/FHLMC are sold with a pool of loans under that particular rate and points? These investors might purchase 2 million dollars worth of loan from a lender at say 6% with 1 point and must be delivered to the investor within a certain window, hench the reason for rate locks. If the lender doesn't have the $ 2 million in loans to sell the investor the investor can charge the lender? Do you know the financial impact an unsaleable loan has on a Lender? Most of these lenders we deal with do not keep a portfolio of loans most not only sell the loan but the servicing of the loan as well. The Lenders usually will find some investor to purchase the loan but usually at a loss to the lender.
I have been in the mortgage banking/RE closing business for 19 years and I have worked in almost every aspect of the industry, I love this work and take it very seriously and after all of the hard work and many long hours of working in the corporate world I am lucky enough that I can take my experience and work for myself and have more time with my children but I paid my dues and my work speaks for itself. I don't begrudge anyone from trying to make a living and learn a new profession. But I could have also gotten into medical transcription, that is a work for yourself profession but I do not know one lick about medical terminology and regardless of the courses I could take and the certificates I could get I would not want to be responsible for someones medical transcripts without having some more indepth knowledge. Most people think this is nothing but a bunch of papers that have to be signed, no big deal but each and every document signed has a purpose and this job can not be taken lightly.
| Reply by Barb_NY on 6/18/05 9:17pm
Msg #45953
Please tell me a profession that one goes into and knows all upon entering the profession. There is no teach like experience. That even includes the medical profession and I hope we are not equated a notary signing agent with a doctor. I don't believe anyone will argue that this profession should not be taken seriously. The question is did you have a right in the business 19 years ago and do you know more with 19 years experience. I hope so. So you learned on the job.
| Reply by BrendaTX on 6/18/05 10:04pm
Msg #45967
Re: Can you believe this imcompetence? NANCY...
I really appreciate the knowledge you bring to this board and look forward to learning from your posts.
| Reply by Nancy in Florida on 6/19/05 5:33am
Msg #45998
Re: Can you believe this imcompetence? Barb in NY
Hi Barb, a fellow New Yorker and even though I live in Florida now I will always be a New Yorker. In answer to your question, the amount of knowledge I had about the mortgage business when I entered into the profession 19 years could fit on the head of a straight pin. But that is my point I didn't become a self employed SA at that time, I worked for and with others and learned the profession. Think about people that you know that are now self-employed they usually didn't automatically start out with their own business in any given field. My friend who is a hair dresser, she worked for many beauty salons before she opened her own, even though she had taken the course and passed all the State required tests.
All I am saying is that it seems that some people get lead into this with all of the marketing and lure of the money that can be made as a Notary Signing Agent and have zero knowledge of what the business is all about. As a former QC person responsible for selling these loans I find that a scary thought. I am not saying that someone shouldn't get into the business and learn all the can from other Notaries and from the Lenders and TC's themselves. I think that is what 123 was trying to say, there was an entire thread about whether or not to record the DOT. If in doubt about any information or instructions on the loan should be addressed to the Title Company or Lender. I would in no way compare a Notary SA with the medical profession and that is why I would never consider being self employed in that field, I do not have the proper knowledge.
| Reply by Barb_NY on 6/19/05 10:25am
Msg #46016
Re: Can you believe this imcompetence? Barb in NY
Your points are all well taken. And believe it or not, the last thing I want to do is alienate my peers. If 123 had just recommended that the originator of the question contact the title company for clarification or some simple civil response, it would have been a great thing. Or maybe say the question is not how much but should you being doing this. Look at this thread. It's a mess. It is a thread with the perception of incompetence at its core.
Self employed or not, we do work for people. And when there is a question, we should call them. Quite frankly, sometimes there is more important things than being right. I agree that many title companies, let alone signing companies are unaware of the practices (filing a mortgage or the witness requirement, for example) in your area. If they are asking for something outside of this, I call them and tell them black ink required to file in this country (for example). If they insist on blue, so be it. I would make sure I enclosed a note stating that I followed their directions and if a signing company is involved, I let them know what transpired. Now I sound self righteous and pompous. I'm sorry.
When I started in this business in Florida 5 years ago, I had companies on the phone multiple times if necessary, when I didn't understand something. I made my mistakes, I am certain. I remember driving 50 miles round trip for an initial. But boy, I learned and I have never had to do that again. Maybe some of the people I questioned laughed at my questions or made fun of my lack of experience. But they tolerated me and I learned. I'm still learning. Nobody that I know of saw fit to hang me out to dry on a message board or take an ad in the newspaper, so to speak.
No, I disagree, 123's motives were not honorable. I just hope if this person has children they treat their learning process in a more productive way.
Also your point on the medical profession is certainly well taken. But how many times have you had to do a quit claim or have had to had a document executed that would fix an error on the original filing (names misspelled for example). Not the end of the world. I don't advocate a whatever attitude. Like you, I take it seriously. But really, our job is to just get it signed correctly and follow instructions as long as they don't break the law.
Anyhow, we all need to lighten up, learn from those we can and teach those we can. Nobody will ever learn if they are afraid to ask questions. And this bashing of a fellow signing agent who asked at the very most, the wrong question is pointless.
Sorry if I offended you in any way, also. You know the old I'm Okay, You're Okay...Parent, Adult, Child theory. I am as guilty of criticism as the next person, I guess.
In any event, the original questioner, will never forget this experience or whatever practical knowledge was imparted in this thread. But sadly they may never feel secure enough to ask another question that needs answering. That is how incompetence is bred, in my opinion.
Have a great day.
b
| Reply by AprilOH on 6/21/05 1:42pm
Msg #46531
I just wanted to add to this message. A Heloc is an open line of credit that does not require
funding, unless the borrower is using funds at closing. If the customer decides to exercise
recission, then evertything is cancelled, except the funds that the borrower used, and they must begin repayment. I have worked for lenders who record Heloc with first mortgages prior to recission.
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