Posted by Charm_AL on 2/3/06 11:59am
Msg #93819

confession...

I just thought of something.
Am I wrong to just give the borrower pkt to them without have them sign anything in it?
I was wondering about the mortgage and RTC specifically. All of a sudden I got this creeping paranoia that this could come back to bite me.
Anyone?

Reply by Sylvia_FL on 2/3/06 12:00pm
Msg #93821

The only copies I have the borrowers sign is the RTC

Reply by Roger_OH on 2/3/06 12:02pm
Msg #93822

same here.

Reply by Mung/CA on 2/3/06 12:16pm
Msg #93838

I make 2 extra copies per bo from title co. docs and......

leave them w/the borrowers. Their copies I leave untouched.

Reply by MistarellaFL on 2/3/06 12:27pm
Msg #93849

I have them sign both sets of RTC's

Theirs and the lender's copy. One thing I learned in the medical field is this acronym: CYA
Less is not always more!

Reply by Charm_AL on 2/3/06 12:02pm
Msg #93823

Thanks Slyvia, Nice to see you! Hope all is going well for you and yours

Reply by MT_CA on 2/3/06 12:54pm
Msg #93873

BO can cancel, I always have them sign their copies. n/m

Reply by Sylvia_FL on 2/3/06 1:01pm
Msg #93875

Re: confession... - Charm

Thanks Charm
I am doing OK. I am waiting to get my Hoverround so I can get around better. But I am in a lot less pain than I was,which I think is because my doc gave me Ambien which helps me sleep, and the sleep is obviously beneficial. Before I was unable to sleep because of the pain.

So,I am doing OK Thanks for asking

Reply by Shane_OH on 2/3/06 4:38pm
Msg #94028

I'm with the majority...

I have them date and sign their copies of the RTC....thats it.

Reply by cmd_NH on 2/3/06 7:08pm
Msg #94117

I use a pocket folder.....

on the right side I put the untouched borrowers copies. I make two extra copies of the RTC and after the borrowers sign and date them I slip them into the left side of the folder above my business card. That way if they need them, they don't have to go looking for them.