Posted by ck_KY on 7/14/06 5:01pm
Msg #133283

Auto Loans for IREP...

Has anyone ever done an auto loan for IREP? I have one scheduled for next Tuesday and am not sure of what to expect. When the scheduler called, she said they don't "normally" do auto loans, but they offered a higher fee than what I would have quoted for such an undertaking. Oh well, I'm not complaining. Any feedback is appreciated.

Reply by FlaMac on 7/15/06 8:11am
Msg #133327

The paperwork will be the same as any car loan...should be about 20-30 pages. There will be one or more identity forms, insurance verification, loan agreement, etc. Make sure the buyers read it over before signing...much small print.

Reply by BrendaTx on 7/15/06 8:14am
Msg #133330

**Make sure the buyers read it over before signing...much small print.**

Flamac, does IREP allow that much time in an auto closing? I have not experienced they cared for mortgage closings to last over 21.68 minutes.

What is *your* experience with IREP auto loans?

Reply by BMoon_FL on 7/15/06 11:28am
Msg #133342

I have done several for one of the branches here in Jacksonville. The only thing I was asked to do was the ID verification portion. There were about 4 notarizations. The AE had done all the rest. Hope this helps. (This was just my experience and may be handled differently elsewhere.)