Posted by Anonymous on 11/17/05 11:27am
Msg #77190

Contacted by individual

I got an email this morning from a person that needs loan docs notarized. The individual metioned that she was going to receive docs from the lender in Texas. Okay usually I have either a SS or TC contact me not an individual. My question is how much should I charge? Should I charge what a TC charges?

Reply by Art_MD on 11/17/05 11:40am
Msg #77194

I would charge what I charge a TC + a bit more.
Couple of things..
The borrowers probably won't read instructions.
Find out who is on title and make sure they are present.
Have borrowers get copies of ID. You won't know until you get there if copies are required.


Art

Reply by S_CA on 11/17/05 11:41am
Msg #77195

I had a friend ask me the same thing. He told me that the TC had listed $100 as the notary fee on the HUD and would that fee work for me. So you may want to start your negotiation that way.

Reply by Glenn Strickler on 11/17/05 11:42am
Msg #77196

My rates are my rates no mater who contacts me. I don't try to charge more just because I think I can get more. Since the individual contacted you, they are paying you out of their own pocket instead of paying through closing costs tacked onto the loan. The borrowor is doing the work of the signing service.

Reply by Anonymous on 11/17/05 11:52am
Msg #77199

Okay I got another email from individual

She stated that this was not a loan, it's a house they sold in Texas, and they need paper work from the sale to be notarized. Since they don't live in Texas, they reside in Pennsylvania, they have to get it notarized here in PA. Any suggestions? Thanks in advance.

Reply by Art_MD on 11/17/05 11:53am
Msg #77200

Re: Okay I got another email from individual

$150

Reply by Sylvia_FL on 11/17/05 12:46pm
Msg #77211

Re: Okay I got another email from individual

Make sure that they are only needing you to notarize the docs that need notarizing. You are not needed to go through a package of docs with them.
Seems like they are needing your services as a notary. You can only charge them your state's allowable fees plus a reasonable travel charge (if your state allows travel charge)

Reply by Roger_OH on 11/17/05 12:49pm
Msg #77212

This is general notary work...

and you should charge your normal state fee per stamp and reasonable travel charges within your state limits.

Reply by Anonymous on 11/17/05 1:03pm
Msg #77218

Re: This is general notary work...

Thank you all, I was thinking charging her my state fees and extra for travel

Reply by patricia on 11/17/05 1:23pm
Msg #77221

Re: This is general notary work...

In California the only document that needs to be notarized in the sellers package is the
grant deed.