Reply by Ted_MI on 6/25/05 6:09am
Msg #47676
Megan,
You might want to do a search, as I know this issue has been "visited" before. As an overview, I recollect reading that commercial closings are pretty complex and often times are handled by attorneys (even in non-attorney states).
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Reply by TitleGalCA on 6/25/05 1:47pm
Msg #47747
They can be very complex and generally the parties are knowledgeable, experienced investors that don't require a signing agent to explain or go over disclosure documents. Most parties in a commercial transaction have been in ongoing communication and negotiation with their lenders, brokers and attorneys, and by the time docs have been drafted-reviewed, re-drafted and re-reviewed (ad infinitum) and the final set of docs are ready to be signed, many docs are signed in counterparts and notarized by notaries in their own office. Other times, an experienced commercial escrow officer (or attorney) conducts the closing. It varies as to the dollar amount of the transaction and the experience level of the parties.
I suppose it's not impossible for a mobile notary to be called to notarize, but unlikely as title companies have plenty of notaries in their office.
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