Posted by SignerCA on 11/10/05 12:49pm
Msg #75645

Those who have done CitiBank

I have a "Notice Of Immediate Closure Of All Lines Of Credit" form as the first page of my loan documents. Is the borrower just to sign and date this or are they each to fill in the "I,__-, hereby acknowledge that I am paying off..." part of the page?

Reply by Becca_FL on 11/10/05 1:10pm
Msg #75653

Just have borrower sign and don't worry about the blanks. Title will fill in the blanks, attach the original payoff with the check and send it off.

That being said, IF the TC requires this closeout letter to be Notarized, you would then have the borrower do one of three things: line through the blanks, fill in the blanks using info. found on the commitment or call the TC and request the info. to fill in the blanks.

Reply by SignerCA on 11/10/05 1:19pm
Msg #75660

there is no space for notarization, another question...

same citobank package. page 6 of DOT. "Request for Notice of Default and Foreclosure Under Superior Deed Of Trust or Mortgage. Thisis on the top of the page and then the second part of same form is a "Request for Reconveyance". No printed names just a Date:_______ ____________. Do they sign this?

Reply by Becca_FL on 11/10/05 1:22pm
Msg #75661

No, not for you or the borrower...

This question you should know the answer to before you go out to do signings. JMHO

Reply by SignerCA on 11/10/05 1:28pm
Msg #75667

That's why I asked Prior to doing the signing, thank you

for your assistance.

Reply by Crystal Brown on 11/10/05 3:41pm
Msg #75743

Re: That's why I asked Prior to doing the signing, thank you

thank you for asking this question. I learned something I didn't know. I have not worked with Citibank before, but just in case I do, this information will be useful.