Posted by Sheila Moreno on 9/22/07 6:42pm
Msg #212620

Pay Up-Front

Can we as Notaries ask the signing companies to pay up-front or ask for a down payment? Seems like that should be permissible.
Anyone out there know the answer to this one?

Reply by pan/nd on 9/22/07 6:50pm
Msg #212621

Sure, you can ask.

Nobody will take you up on it, though.

Reply by Les_CO on 9/22/07 7:23pm
Msg #212626

It's like the food chain..Big fish eats little fish. Borrower pays Title..Title pays SS... SS pays Notary.... sometimes. And no one gets any money until the deal closes.

The simple way to deal with this is to have the notary listed on the HUD, and paid by the borrower directly.

Reply by Adrian Winstead on 9/22/07 11:05pm
Msg #212642

They most likely will not do it and just call someone else. It's a gamble, but most of them pay. You just have to look at their ratings after you accept and before you do the closing. Take "One Touch Closings and "The Closing Company" as examples.

Reply by Susan Fischer on 9/22/07 11:22pm
Msg #212646

The Doc Signers, Inc. pays Pay Pal as soon as you call

in your conpletion.

Fabulous.

Reply by Cynthia Wriske on 9/23/07 2:55am
Msg #212652

Re: The Doc Signers, Inc. pays Pay Pal as soon as you call

They also charge a $35 admin fee I noticed also.....

Reply by Barb/MO on 9/23/07 5:43am
Msg #212653

No administration fee if they find you. They're great! n/m