Posted by Jens302 on 5/25/07 12:33pm
Msg #191994
Question on docs: "installment loan" to avoid foreclosure
I get loan docs today for an assignment this evening that I agreed to do a few days ago.
They tell me it's a refi. The docs come from a local title company and it turns out to be an "installment collection" loan because Mr. John Doe is about to be foreclosed on.
I have never done this type of signing and have a few questions for those who might have.
The package is very small! 1/4 the size of a heloc.
The hud, note and deed are all there plus a few docs for the title company including escrow instructions.
However, none of the following docs:
RTC, ID Affidavit, loan app and a few others I have never seen NOT including in any primary resident type loan.
Before calling title, does anyone have any input? Is this correct? No rescission?
THANKS!!
|
Reply by Jens302 on 5/25/07 1:16pm
Msg #192002
Re: See message #182563
I read that. But, no where in the docs does it say she is waiving her right.
May-be because she is about to be foreclosed on, it is standard. I'm not sure.
I wouldn't want to be the person to mess this one up. Which btw: I have NEVER had any mistakes in my career and would like to keep it that way!
I'm going to just call title, but I wanted to find out more info first.
|
