Posted by Anonymous on 1/12/06 9:07am
Msg #87790

E&A and GTA

I just received a closing and was told the borrower's are bringing these two things to closing, does anyone know what these stand for?

Reply by Charm_AL on 1/12/06 9:17am
Msg #87794

I don't, but guessing earnings and assets?
I guess some sort of proof of assests? Call the company and find out, I want to know!

Reply by BetsyMI on 1/12/06 9:18am
Msg #87795

I agree. Call them. Were you too embarrassed to ask them what those were? Don't be!

Reply by Charm_AL on 1/12/06 9:18am
Msg #87796

Gross total assets???

Reply by srnotary_CA on 1/12/06 9:22am
Msg #87797

I would also like to know. Earnings and Assets?

Reply by Anonymous on 1/12/06 9:35am
Msg #87803

If it is NYS, they are the required forms thate require signature that accompany a deed for recording. Equalization and Assesment form changes the tax assesment from one grantee to the another. GTA is the Gains Tax Affidavit also required to show the state tax paid if there was any consideration in the transfer. Sometimes because they are on NCR paper they forward ahead to client and/or notary as they cannot be emailed.

Reply by JBarnes_NY on 1/12/06 9:36am
Msg #87805

WOW Anon is right, you rock!

Reply by JBarnes_NY on 1/12/06 9:35am
Msg #87804

Thanks all I was also to embarassed to not go Anon on ya, I will call right now!

Reply by Anonymous on 1/12/06 9:46am
Msg #87810

NYS notaries really should always have a supply in breifcase. Makes life a lot easier for title cos. Just always tell them if there is a deed you have the other required forms to be signed. Again, makes life easier for everyone. You get a supply at your county clerk's office.

Reply by JBarnes_NY on 1/12/06 9:49am
Msg #87811

I carry the RP and TP forms, that's not what you are talking about is it?