Posted by Regal/NC on 6/30/10 3:57pm
Msg #343212

Say What???

New "Title" company requests NSA pay out of pocket for documents to be recorded (B4 funding), then "Title" will reimburse for recording and payment for closing AFTER loan funds.

SayWhat??? Where do these folks get these ideas.

Reply by desktopfull on 6/30/10 4:00pm
Msg #343214

When it freezes over!!! n/m

Reply by MikeC/NY on 6/30/10 4:12pm
Msg #343216

Doesn't the loan need to fund before the documents are recorded?

Reply by Regal/NC on 6/30/10 4:19pm
Msg #343218

New company wants to change the process!!

Reply by MikeC/NY on 6/30/10 4:45pm
Msg #343232

How are you supposed to unrecord the documents if the note doesn't fund? These guys are not thinking clearly.

Reply by Linda_H/FL on 6/30/10 4:46pm
Msg #343235

Record a release/satisfaction....immediately!! n/m

Reply by Marian_in_CA on 6/30/10 4:21pm
Msg #343220

That just makes no sense. It measn the TC has no cash. n/m

Reply by Marian_in_CA on 6/30/10 4:28pm
Msg #343225

Either that, or...

Could the TC be trying to skim some interest income between recording and funding? Or maybe I have that reversed...

No matter what, it seems really odd.

Reply by NM/CA on 6/30/10 4:29pm
Msg #343226

I would run and run fast;
sounds like a scam company

Reply by jba/fl on 6/30/10 4:32pm
Msg #343227

They get these ideas from "Dumb Notary News"

as printed in papers from time to time. If one is dumb, doesn't it stand to reason they are all dumb?

ROFL!

Reply by Notarysigner on 6/30/10 4:42pm
Msg #343231

check your pm Jules n/m

Reply by jba/fl on 6/30/10 5:31pm
Msg #343262

Thanks James, I look forward to this! n/m