Posted by Notary_OH on 10/20/06 9:51pm
Msg #154044

New ID Affidavit

Countrywide has a new ID affidavit. So that makes three ID requirements from the lender, the TC, and / or the signing Company.

1. A copy of the borrowers drivers license
2. The Closing Agent/Notary Public Certification of Photo Identification
and the new one,
3. Identity Affidavit (to be completed by the borrower) and notarized.

The loan packages keep growing larger and larger. The rudundancy is getting more...redundant. As a consumer, something just doesn't seem right about refinancing your home and having to go through and initial or sign the better part of 100 or 120+ pages of... stuff.

Some comanies now have a "Plain English" disclosure statement. After all of the regular docs, they summarize the terms of the loan in "plain" English. This begs the question, "Why not put everything in "plain English" and eliminate the legal mumbo jumbo and reduce the size of the loan packages by two thirds?" (Because pigs don't fly?)

Reply by cassiewi on 10/20/06 9:53pm
Msg #154046

LOL, I did 2 of those tonight, be nice if they let you know you needed to print two of them, when they are new forms.

Reply by BrendaTx on 10/20/06 9:53pm
Msg #154047

Re: New ID Affidavit - Oh dear! It sounds like you have

your hands on a Texas package. What's 50 pages in other states is 150 in Texas. Welcome to my world.

Reply by SvetSFBay on 10/20/06 10:53pm
Msg #154072

Re: New ID Affidavit - Oh dear! It sounds like you have

lol, yesterday I've done Countrywide refi on Las Vegas investment property, was about 200 pages(ugh) - and yes, noticed new form too - since there were 2 borrowers and, of course, only one form, I was very grateful for a copier borrowers had

Reply by SvetSFBay on 10/20/06 11:19pm
Msg #154077

Speaking of TX packages...

Brenda, I am not sure why haven't I asked this before, but here it goes: a while ago I did a closing on TX investment property in Fort Bend County, and came across a form that was completely unknown to me AND made me chuckle at the same time - Texas Water Code Notice; right after the heading there were following words 'If you are a natural person, you may strike any identifying information from this form before it gets recorded' - hmmmm, as opposed to un-natural people who might want to add more personal information?lol, of course I realize that this was probably very property-specific form. Have you even seen something like this?

Reply by PAW on 10/20/06 11:33pm
Msg #154082

Legalese ...

The term "natural person" means a living, breathing human being, as opposed to a legal entity such as a corporation. Different rules and protections apply to natural persons and corporations, such as the Fifth Amendment right against self-incrimination, which applies only to natural persons. In the eyes of the law, all legal entities are "persons". For example, a person can enter into a contract with another person. A natural person, such as you and I, enter into contracts with companies all the time. But the laws were written for persons. Many laws are being changed to eliminate the word "person" except in relation to a "natural person", and using the term "legal entity".

In the context you pointed out, natural persons are protected by privacy laws so certain information can be struck. But other entities are not protected by those same laws, and their information is subject to being a public record, and thus, cannot be struck.

Reply by BrendaTx on 10/21/06 9:00am
Msg #154126

Re: Speaking of TX packages...

**you are a natural person, you may strike any identifying information from this form before it gets recorded' **

Hello SvetSFBay -

These days that is on every recordable document in Texas. You are not the only one who pauses on that one. It brings a giggle nearly every time from the borrowers. This type of phrase even on a sign in all the Texas County Clerks' offices.

Fort Bend County? That's mere 100 miles or so from me, give or take a few. It's actually what most would think of as Houston...now days. Sugar Land, home of Imperial Sugar, is the big enchilada in Fort Bend - a beatiful little area...very urban these days. The county seat is Richmond. Rosenberg is its "step-child." To an outsider, you cannot see where Houston stops and Sugar Land starts. Fort Bend County has a heck of a county fair each fall.

Don't you feel more "plugged in" to Texas with all this trivia?

Reply by Blueink_CA on 10/20/06 10:51pm
Msg #154071

OMG, I was initiated to that form last night. Docs sent to Bo, surprise, it's a POA signing (took forever). That ID Affidavit is a Jurat, cannot be signed by a POA. Waiting to see what happens on that one.

Tonight, another CW, signer was 84 yrs old. CW wanted me to pick up copies of bank statements, pension verification and the first few pages of her trust. According to Bo, she already sent most of this in and "nobody is getting a copy of my trust, my kid's don't even know what's in it". She was a very sweet woman, and I respected her. Waiting to see what happens on this one too.

Gotta love this job!

Gotta love this job!

Reply by David Kral on 10/21/06 12:39am
Msg #154099

Enclose copy of ids

I did one tonight. Title company sent documents to borrowers. I came by and the form asked for copies of the ids to be enclosed. No one told the borrowers. Title company mentioned nothing to be.

This was a CW. Both borrowers commented on the size of the package indicating it was much larger than what they signed before. I agree I saw variation of the same forms over and over and over. Occupany, signature affidavits, id verification.

Uggh!