Posted by Jeff on 8/30/10 12:02am
Msg #350887

weirdest signing ever

okay this has to be the strangest thing that has ever happened to me. I walk up to a house to do a loan signing and the owneer meets me at the door and says come on in and join the party. I walk in and there are four other notaries in the house doing loan signings. it seems the people had about 6-7 different properties that they were refinancing at the same time and about 6 different notaries had been called to do the closings no one picked up on the fact that these were all the same borrowers and they got treated as seperate loans and since they said the would like to close at a certain time on a certain day this info all got put in and we all were scheduled there at the same time. Well we all worked and the people were understanding and it worked out but it sure was strange

Reply by Susan Fischer on 8/30/10 2:11am
Msg #350888

Holey Moley. Quite the cash-flow this borrower has, no?

Wonder what the house was like...

Reply by 101livescan on 8/30/10 7:39am
Msg #350893

That happened to me, too, once. I was signing up borrower for two loans, and lo and behold, here comes another notary from 40 miles away to do a third in the same hour. She hung out in the living room until I was finished then had a battery of questions to ask me about my fees, etc. Weird all right. That notary made 75 for edocs. I did a heck of a lot better on each of the packages I had with me.

Reply by CopperheadVA on 8/30/10 7:47am
Msg #350896

I had a similar one recently. I arrived at 9 AM to sign a loan for the borrower's residence, and he announced that another notary was coming at 9:30 AM to sign a different loan for another property he has in another state. Different TC's were used. I was thinking geeze, we are not going to be done by 9:30, but it was a fairly small package and he signed in 15 minutes (gotta love those!). I was gone before the other notary arrived. Wish they would all work out that way!

Reply by LynnNC on 8/30/10 8:32am
Msg #350900

I had a closing for a refinance on a borrower's residence and 30 minutes later another notary arrived to close a loan on an investment property. Same title company.

Reply by MW/VA on 8/30/10 7:45am
Msg #350894

That is weird, indeed. Were all the loans with the same lender? Too bad someone didn't catch it, as you say. It would really have been something to have one notary get all six loans. Did they serve refreshments? LOL

Reply by Jeff on 8/30/10 9:26am
Msg #350903

All the loans were the same lender and TC but some were from different SS the funny part was the docs were identical except for addresses and amounts that made the signing quick after the first one they just wanted to sign and go the BO's that is.

Reply by Bob_Chicago on 8/30/10 10:25am
Msg #350909

Some years back , I received an assignment for about

a dozen identical loans. 12 investment propertyies, O/N dox, full fee on
each one.
After going through the 1st one, he signed, I stamped, Got through all in them
in less than 90 minutes. . Had about seven more signings later in the day Most profitable hour and a half ( and day) of my signing business..
have had a few where there was another NSA finishing a signing as I arrived. Interesting
to watch different signing technique in action.

Reply by TacomaBoy on 8/30/10 2:28pm
Msg #350929

Re: Some years back , I received an assignment for about

WoW! I’ve had many similar experiences over the years. Once I signed with the wife of man who was in Alaska on a business trip with his two business partners. Oh, and the two partners also had home refinances that needed to be signed that same evening. So, the wife signed by POA for her and her husband’s two 80/20 loans and the two partners’ 80/20 home loans. That’s 6 POA loans folks! It took nearly 5 hours to complete, review and correct everything. Well, when hubbie phoned his wife to see how things were going with the signings, I asked for the phone. I told the husband that his wife was a “sweetheart” who was a ”real trooper” for helping everyone get their loans signed. I also told him that her efforts needed to be rewarded with a good dinner, some place nice like . . . . “Maui”! He said that he (hopefully) got my message.

Reply by JanetK_CA on 8/30/10 8:36pm
Msg #351003

Re: Some years back , I received an assignment for about

I wasn't as lucky as Bob, either. Closest I came was for three property purchases by the same young man (who happened to be still living with his mom...) This was during the refi-mania years. Unfortunately (for me), all the properties were in Texas, for a tc that had at least 14 affidavits for each one that needed to be notarized (and certificates replaced), not counting the lender's docs. That meant entering the looong document name into my journal, onto the replacement cert., and onto another form where the tc wanted me to list all docs notarized. Oy vey!! I came as close to having writer's cramps on that one as I think I ever have.

BTW, I often think about that guy and wonder if he still owns any of those properties. I don't remember details, but I do remember thinking that he was highly leveraged for someone so young, working full time at investing in real estate. There's always more to the story than what we know, but I'm just sayin'....