Posted by g/ca on 6/3/06 1:59am
Msg #123841

Opinions Please

I had a signing tonight and Mr. Borrower quitclaimed and only Mrs. Borrower signed, now they want me to go back and notarize a Grant Deed to put the Mr. back on title, I know as a notary I am to be impartial and its really none of my business why they are deeding in and out right? I'm just a little uncomfortable about it, any opinions will be greatly appreciated!

TIA

Reply by christiSocal on 6/3/06 2:11am
Msg #123842

It happens. Usually one borrowers credit is better than the other borrower. I wouldn't worry about it. I doubt it's anything nefarious (sp?).

Reply by g/ca on 6/3/06 2:16am
Msg #123843

Thank you christisocal thats what I thought and I just finished reading the thread #123781 which also reiterates that, but I was a little uncomfortable. I feel better about it now

Reply by ruru_CA on 6/3/06 9:07am
Msg #123855

that happened to me once with one borrower. I had to go back sign another deed and another NKA because the guy now goes with the same name with one letter different in his name. I got paid as a full signing for that.

Reply by BrendaTx on 6/3/06 9:42am
Msg #123859

Yes, you are supposed to be impartial, but it's good to recognize and want to understand. I liked your post because I learned something from it myself in the responses.

Reply by Kevin/Ct on 6/3/06 11:52am
Msg #123880

The problem with this is that most mortgages contain acceleration clauses. If the mortgage was taken in the name of one party, and that party conveys an interest to someone else it may constitute a sale or change in the relationship of the mortgagor to the title. As such it may invoke the acceleration clause which would require the mortgagor to pay the entire amount of the note on demand. Before the mortgagor conveys any interest in title to the property the mortgagor should obtain the written consent of the lender.