Posted by Anonymous on 10/7/05 12:43pm
Msg #69336

AFFIDAVIT OF CONSIDERATION

QUESTION...THIS AFFIDAVIT IS RIGHT AFTER THE DOT. SHOULD I SIGN AND NOTARIZE. IT STATES
THIS AFFIDAVIT OF CONSIDERATION is made this day of , 2005, and is incorporated into and is intended to comply with the requirement that it be containted in, endorsed on, or attached to the SECURITY INSTRUMENT dated the same day as this AFFIDAVIT OF CONSIDERATION.
STATE OF MARLYAND,
COUNTY OF:

I hereby certify that on this day of , before me, the subscriber, a NOTARY PUBLIC of the state of MARYLAND, personally appeared,
agent of the party secured by the foregoing SECURITY INSTRUMENT, and made oath that the consideration set forth in the foregoing SECURITY INSTRUMENT is true and bona fide as therein set forth, and also made oath that he/she is the agent of the party secured and is duly authorized to make this affidavit.

AS WITNESSETH, my hand and Notarial seal,

notary public___________________

print name_____________________

Reply by Art_MD on 10/7/05 12:49pm
Msg #69342

do not notarize. This a unique section for maryland DOTs. The agent of the lender has to sign this section. If you think about it, he is not present in front of you and he isn't signing in front of you. So you can't notarize.

Art

Reply by Anonymous on 10/7/05 12:59pm
Msg #69345

THE LENDER IS STATING THAT "YES" IN FACT THE NOTARY IS RESPONSIBLE FOR THIS! PLZ HELP

Reply by Art_MD on 10/7/05 1:16pm
Msg #69361

Re: Aff of consideration --notarize - absolutely not !!!!!!!

Ask the lender who is going to be there, present ID, prove he is a representative of the lender, and sign in front of you.

Unless the person signs in front of you, you can't notarize.
Who is the lender??


Art

Reply by Art_MD on 10/7/05 1:28pm
Msg #69367

Re: Aff of consideration - from MD handbook

46. What certificate does a notary public complete in this situation?
The certificate for the acknowledgment of the mortgagor or person making the deed of trust is the same as that in paragraphs 40 and 41. At the end of the first paragraph of the certificate of acknowledgment, these additional words will appear to certify to the oath administered to the mortgagee or person secured by the deed of trust.
a. If oath or affirmation made by one or all lenders: At the same time, also appeared [name of person making oath], (one of) the mortgagee(s) named in the foregoing mortgage, (or one of the persons secured by the foregoing deed of trust) and made [oath, affirmation] in due form of law that the consideration recited in said mortgage (or deed of trust) is true and bona fide as therein set forth.
b. If oath made by agent, executor, or corporate officer: At the same time, also appeared [name of person making oath], (one of) the [agent, executor, or corporate officer] of the said [mortgagee, person] and made [oath or affirmation] in due form of law that [he, she] is an [officer, executor, agent] of the [mortgagee, person] secured by the foregoing [mortgage, deed of trust] and that the consideration recited in said [mortgage, deed of trust] is true and bona fide as therein set forth.


Art

Reply by Anonymous on 10/7/05 1:31pm
Msg #69369

INDY MAC IS THE LENDER

Reply by Anonymous on 10/7/05 1:39pm
Msg #69371

Re: Art_MD

can you call me 951-776-0040 OR EMAIL ME AT [e-mail address]

Reply by BrendaTX on 10/7/05 1:03pm
Msg #69347

My opinion only is that this is a self-notarization. At least one state can certify, but Tx cannot.

If I got this, I would call title and tell them that I will only can attach my state's ack and do it.

I could be wrong, but that is what I see.

Reply by BrendaTX on 10/7/05 1:03pm
Msg #69349

but Art's from MD...he'll know more than I will! n/m

Reply by Anonymous on 10/7/05 1:13pm
Msg #69357

*agent of the party secured by the foregoing SECURITY INSTRUMENT*

party secured by the foregoing security instrument = lender

agent= lender represenative

dont notarize

Reply by LilyMD on 10/7/05 3:43pm
Msg #69416

Re: AFFIDAVIT OF CONSIDERATION--Art's Right.

Don't notarize! This is true of Indy Macs.