Posted by NY on 5/3/05 2:27pm
Msg #35568

Security Documents

Which documents in a loan package are considered "security documents" eg. The Note, Mortgage or Deed of Trust.

All of the above, correct????

Reply by sue on 5/3/05 2:28pm
Msg #35569

incorrect

Reply by Art_MD on 5/3/05 2:30pm
Msg #35571

Re: Security Documents - Test question #43 ??? N/A

Reply by NY on 5/3/05 3:01pm
Msg #35585

Re: Security Documents - Test question #43 ??? N/A

????????
I don't understand your question/comment Art_MD. What test are you talking about?



THIS IS FOR MY OWN GENERAL KNOWLEDGE and not a test question.

Reply by peterole_MN on 5/3/05 3:37pm
Msg #35597

Re: Security Documents - Test question #43 ??? N/A

Dear friends, please answer our associates' questions. Leave the nasties to talk show hosts and the sermons to preachers.

Reply by Anonymous on 5/3/05 3:55pm
Msg #35604

Re: Security Documents - Test question #43 ??? N/A

LOL... Good answer peterole_MN

I'm not leaving an answer to the question, because I'm not 100% of the answer. You definitely get a gold star for your comment tho :-)

Reply by CarolynCO on 5/3/05 7:39pm
Msg #35654

Re: Security Documents - Test question #43 ??? N/A

Then why don't YOU answer NY's SS test question?

Reply by sue on 5/3/05 7:59pm
Msg #35659

Re: Security Documents - Test question #43 ??? N/A

I answered the question that was asked. Perhaps I should have said, "no". is that what you are looking for as a better response?

Reply by CaliNotary on 5/3/05 7:45pm
Msg #35655

Re: Security Documents - Test question #43 ??? N/A

LOL. If you're going to lie, the least you could have done is worded the question a little differently than it's shown on the test.

Reply by SamIam_CA on 5/3/05 9:10pm
Msg #35673

Re: Security Documents - break down the definition

***FOR MY OWN GENERAL KNOWLEDGE*** I hope you are not lying because then karma will come and bite you in the ass.

***Which documents in a loan package are considered "security documents" eg. The Note, Mortgage or Deed of Trust***

Like I tell my kid - you have to break down the words to see what they are really asking. I copied this from a real estate website: "The security instrument is used to identify and encumber the real property used as collateral for the loan. It’s recorded with the county in which the property is located. Once recorded, it secures an interest in the property."

So do YOU think they are talking about the note, mortgage, DOT, HUD or RTC?

Reply by Marie-fl on 5/3/05 10:51pm
Msg #35691

Security docs

The security docs are the mortgage (or deed of trust) and riders, the truth in lending and right to cancel. If your'e a notary signing agent this should be a given for you.

Reply by NY on 5/3/05 11:16pm
Msg #35693

Re: Security docs..Thanks Marie-fl

If everyone must know why I originally asked the question, it was because another notary had asked me what were the security docs in a loan package.

It was NOT a "test" question......I DON'T EVEN KNOW WHAT TEST SOME OF YOU ARE REFERING TO!!!!

This is a message board where fellow notaries are suppose to be able to discuss, ask questions, and help one another...NOT to ridicule others because they have a question. I'm SURE there are many other notaries that visit this board who were not entirely sure either (such as myself) which of the docs WERE in fact the security instruments/documents.

STAY OFF THE BOARDS and REFRAIN FROM POSTING if there's nothing more you can say or do, than to mock others for their questions.

Get over yourselves.

Reply by SamIam_CA on 5/3/05 11:32pm
Msg #35694

Re: Security docs...It was NOT a "test" question

***I DON'T EVEN KNOW WHAT TEST SOME OF YOU ARE REFERING TO***

Several SSs and a few associations have you take a test to check your knowledge of loan documents. You have to admit that it is kind of an odd question for your friend to ask. It's not as if there is a 'real life' situation where the borrower is going to say, "just skip over the security docs".

Reply by SamIam_CA on 5/3/05 11:37pm
Msg #35695

Re: Security docs...It was NOT a "test" question..more info

Oops - hit return too soon. BTW - when you do answer your friend's question - IMHO Marie's answer to you was incorrect.

I was not trying to belittle you in anyway. I was trying to help you by giving you an explanation of why the doc(s) are called "security instruments". The whole teach a man to fish thing. If you just want the information handed to you I suggest trying google 1st.

Reply by NY on 5/3/05 11:49pm
Msg #35696

Re: Security docs...It was NOT a "test" question..more info

SamIam posted previously...

"The security instrument is used to identify and encumber the real property used as collateral for the loan. It’s recorded with the county in which the property is located. Once recorded, it secures an interest in the property."

From what I know from my duties this would be the Mortgage/Deed or Deed of Trust (DOT)

SamIam...my other post was not directed to you personally.

Reply by SamIam_CA on 5/4/05 12:00am
Msg #35699

Security docs...Marie-FL What do you think?

***this would be the Mortgage/Deed or Deed of Trust (DOT)***
I agree with NY that only the mortgage and DOT are security docs.

The other NotRot member's were not being nasty. It just gets really boring answering the same questions over and over. Especially when the question is directly from a certification test.

Marie - why did you think that the TIL and RTC are also security docs? I'm really new at this and trying to learn all I can. I just don't understand how the TIL and RTC can be considered as "security". Am I missing something?

Reply by Stephen_VA on 5/4/05 8:42am
Msg #35716

Re: Security docs...Marie-FL What do you think?

Those docs are often considered security docs because companies lump them in with the docs the non-borrowing spouse has to sign (assuming the spouse is not signing everything). It is sort of a tautology I know....

When people say "Have them sign the security docs." I ask for clarification, because peoples ideas are different sometimes and 30 seconds of conversation is all it takes to get it done correctly for sure.

Reply by SamIam_CA on 5/4/05 2:19pm
Msg #35777

what is tautology ? n/m

Reply by PAW_Fl on 5/4/05 2:22pm
Msg #35778

Tautology ? From The American Heritage® Dictionary

tau·tol·o·gy Pronunciation Key (tô-tl-j)
n. pl. tau·tol·o·gies

1.
1. Needless repetition of the same sense in different words; redundancy.
2. An instance of such repetition.

2. Logic. An empty or vacuous statement composed of simpler statements in a fashion that makes it logically true whether the simpler statements are factually true or false; for example, the statement Either it will rain tomorrow or it will not rain tomorrow.


[Late Latin tautologia, from Greek tautologi, from tautologos, redundant : tauto-, tauto- + logos, saying; see -logy.]

Reply by SamIam_CA on 5/4/05 2:35pm
Msg #35781

Tautology - I will make this my 'word of the day' :) n/m

Reply by HisHughness on 5/4/05 5:25pm
Msg #35832

Re: what is tautology ? n/m

Tautology, n. (From the original naut, mid.east. language of the nauticals, or sailors). 1. The art of making things tight, as in knots and ropes. 2. The academic discipline of obsolete or discarded subjets; things that have been taught in the past. Collegial, a belief pertaining to the group being addressed, peculiar to the Bronx and Jersey, as in "I tought alla yeez was going to town."

Reply by SamIam_CA on 5/4/05 6:54pm
Msg #35851

Re: what is tautology ? n/m

***I tought alla yeez was going to town***

No, no, no it is "alla yooz", not yeez.

Reply by PAW_Fl on 5/4/05 8:15am
Msg #35711

Re: Security docs

Technically speaking, the mortgage/DOT and riders are considered the security "instruments". The "docs" that support the security instrument(s) can be anything the lender wants, including the TIL, RTC, compliance agreements, etc. And, quite often with property held in trust, there will be trust agreements and affidavits that support the security instrument(s) and may be included in the lenders definition of "security docs".

Reply by SamIam_CA on 5/4/05 2:17pm
Msg #35776

Re: Security docs Thanks for the clarification PAW n/m