Posted by bfd110_IN on 8/18/06 4:29pm
Msg #139403

ok.. I messed up

Had a closing and somehow i missed where the borrower did not date the TIL. Everything was good in the rest of the package. I slipped up. Why wouldnt the limited correction agreement in the file allow them to correct this? Of course I am going to do the right thing and go to the borower and have them date it and then get to notarize a statement that she dated the TIL

Reply by BrendaTx on 8/18/06 5:16pm
Msg #139408

Now, that's a great question and I look forward to learning the answer.

[Confession is good for the soul, BFD. I have to do some of it here and there myself.]

Reply by Ndwa on 8/18/06 5:51pm
Msg #139418

The lender's limited correction agreement would only allow them to correct their own error(s).
I think what we need to keep in mind is accountability since we're dealing with legal documents. Thumbs up to you for sharing.

Reply by Barbara O on 8/19/06 12:51pm
Msg #139541

Limited correction agreement specifies that they can only correct errors on the pages - they can't put signatures, initals or dates (written) that the borrower was supposed to write in. That would be tantamount to forgery.