Posted by Shannon Terrell on 1/27/07 1:56pm
Msg #172879

Missing RTC??

I just completed a signing this morning and as I was giving the signing docs one last "once-over," I noticed there was no RTC. I don't want to send these docs off w/o the RTC. There is no after hours contact number for anyone (signing co, lender, escrow...). I hate to hold on to these until Monday... Any advice?

Reply by MikeC/NY on 1/27/07 2:03pm
Msg #172880

Are you sure there was supposed to be an RTC? It doesn't apply to initial purchases, second homes, or extensions of existing lines of credit.

Reply by SarahBeth_CA on 1/27/07 2:04pm
Msg #172881

Not every loan requires an RTC

This could be one. Purchases and investment properties don't have an RTC. Send in what you have. If for some reason there's a discrepancy they will contact you. Don't hold those docs.

Reply by Shannon Terrell on 1/27/07 2:10pm
Msg #172882

Re: Not every loan requires an RTC

My badd..! Now that the panick has subsided I do recall that on investment properties (which this is one) there is no RTC. Thank you for the replies. I good now.