Posted by DD/OR on 12/22/10 11:20am
Msg #365721

Don't you hate it when....

there's no RTC in a Refi loan?

Reply by Calnotary on 12/22/10 11:54am
Msg #365726

Not all refi loans need one.

Reply by OR on 12/22/10 11:59am
Msg #365727

Is this an investment property or 2nd home? They don't get the RTC.

Reply by Roger_OH on 12/22/10 12:35pm
Msg #365732

Why?

As mentioned, RTCs are included only if the refi is for the BOs primary residence, no investment/rental properties or second homes.

Less to sign without them!

Reply by Bob_Chicago on 12/22/10 12:45pm
Msg #365734

Also, may not be necessary for certain re-fis with same

lender with no cash out.

Reply by James Dawson on 12/22/10 12:46pm
Msg #365737

Re: Why?

You beat me to that one Bob!

Reply by Sha/CA on 12/22/10 1:16pm
Msg #365746

Re: Why?

Maybe more pages w/ROR but sometimes takes less time to sign, since borrowers can read everything later. I would rather have one than not.

Reply by DD/OR on 12/22/10 4:45pm
Msg #365785

Re: Why?

The Refi is on their primary residence and not on a 2nd or investment property. I personally think that some Title companys are screwing up and I feel bad for the borrower.

Reply by Dorothy_MI on 12/23/10 6:59pm
Msg #365930

RTC's are lender docs -- not title/escrow docs n/m