Posted by pat/WA on 5/24/10 7:55pm
Msg #337958

Something New

This is something new or just new to me. Someone I know sold her house. The title company said they would e-mail the documents to her. She could print them and get a notary to witness her signature. Then she could Fed Ex them back to them at her expense.

Any comments??

Reply by Frank/NC on 5/24/10 8:04pm
Msg #337960

I am seeing more of that in this area. Got 2-3 calls this month with borrowers who had docs sent to them and they were either looking for a Notary or as one person said, "I'm shopping for a price to notarize my loan papers"

Reply by Notarysigner on 5/24/10 8:14pm
Msg #337963

SS must be in a panic..

Reply by Marian_in_CA on 5/24/10 8:17pm
Msg #337964

Not too unusual... but it leaves the responsibility for the paperwork to the borrower, which is fine by be.

In those cases, you aren't working as a notary signing agent -- but only as a notary, and as such shouldn't charge your normal NSA fees.

Unfortunately, I know of one person in my area that does charge the full NSA fee when all she is doing is notarizing signatures in cases like these. I called her on it... and she said that she is "justified in her rates" because she takes the loan papers and goes through them with the borrowers, whether they ask for it or not. I called her after I'd received a call asking for a quote, and was told "so-and-so" asked for $150 - for four notarized signatures.

Obviously, I never refer to her for ANYTHING.

Reply by enotary/va on 5/24/10 8:45pm
Msg #337968

I looked at your profile. I would think you are to busy to help others set the fee they want to charge.

Reply by Bob_Chicago on 5/25/10 12:56am
Msg #337980

Believe that you are missing Marian's point. The person

she was referring to, was apparently charging well in excess of allowable CA
fees for a notariztion. She was charging bwr to review the dox. When a NP is hired
by a lender/tc/ss to do this, ( in most states) you can charge whatever you agree to.
When you are hired by the borrower, you can only charge the notary fees allowed by
you state's notary laws., unless , of course, you are a licensed attorney.
Marian was apparently concercered that this NP was violatiing CA notary law
by charging in excess of allowable NP fees, and justifying the excess fess by , apparently,
providing unathorized legal services.

Reply by Marian_in_CA on 5/25/10 1:15am
Msg #337981

Thanks, Bruce... that was my point...

That this individual is charging fees for services that are in excess. Basically, because it's a loan package, she takes it upon herself to charge her NSA rates --- when in fact, it's no such thing. It's a regular notarization.

This notary quoted this borrower $150 for 4 signatures. In California, the maximum she could have charged for that was $40, plus travel. $110 for travel? Absolutely not.... considering this borrower and this notary both live within 3 miles of each other.

Reply by Bob_Chicago on 5/25/10 7:40am
Msg #337993

Your welcome, but it's Bob. I guess I have been called

worse things than "Bruce"

Reply by Sylvia_FL on 5/25/10 8:21am
Msg #337997

Re: Your welcome, but it's Bob. I guess I have been called

Hey Bob
Bruce is a good name! remember I am married to a Bruce:)

Reply by Bob_Chicago on 5/25/10 12:28pm
Msg #338046

I am married to a Bruce:) I know that, BUT you might

want to check Marian's travel history. She seems to have
"Bruce " on her mind... lol

Reply by Marian_in_CA on 5/25/10 9:53am
Msg #338009

Oh goodness!!!!!

I'm so sorry Bob! I can't believe I did that.

Service me right for posting in the middle of the night when I'm on pain meds.

Reply by SheilaSJCA on 5/24/10 8:49pm
Msg #337969

I have had more of these type of transaction lately too, purchases and refi's sent directly to the signers.
In fact, I have had 4 in the last 2 days and one more this evening. I actually prefer it, to a full blown loan signing that I print and ship. If they just want me to notarize, I give the signer plenty of options, including where to meet, which could save them a travel fee, or not, depending on what they choose.
I also confirm if they want me to notarize only, or give them an overview and double check their work,etc. If that is the case, I charge what I would for an overnight closing. Sometimes it would cost quite a bit more just to do the general notary route, because of the number of notarizations, and I will work out an price that is reasonable for both of us.

Reply by Ilene C. Seidel on 5/25/10 6:09am
Msg #337988

Something is wrong with this picture. What about the license states it takes the pressure off the title company but I think they are breaking the law in Maryland

Reply by PAW on 5/24/10 9:14pm
Msg #337971

Sellers documents?

>>> Someone I know sold her house. The title company said they would e-mail the documents to her. <<<

They are going to email the SELLER'S documents to her. Never heard of that side of a purchase getting their own documents to print and find their own notary.

Personally, NO WAY would I accept that. HUD could be wrong (usually is) and what about the Deed? Are witnesses required to record the deed?

Reply by Marian_in_CA on 5/25/10 1:43am
Msg #337982

Re: Sellers documents?

Like Glenn mentioned, I missed the "seller" part of it... so yeah, that IS unusual. The only seller documents I've ever seen as a notary were listing agreements and purchase contracts to initiate the process --- neither of which came from Title companies.



That said... what does the document matter if we are asked to notarize? If we're asked to do it, and their request is legal... we should do it, even if we have a personal objection to the content, including a knowledge that something may be incorrect.

Unless I'm misunderstanding this (which wouldn't surprise me!), I don't see why one should refuse this sort of thing.

Reply by PAW on 5/25/10 6:52am
Msg #337990

Re: Sellers documents?

I agree, Marian, that as a notary and asked to notarize then it doesn't make any difference what the document is (with a few exceptions). However, my comment was a personal one, though not explicitly stated, that if I had sold the home, no way would I accept email documents and told to find my own notary. I would want a title company representative to provide the documents to me and to review them with me, one-on-one, up-close and personal.

Reply by Marian_in_CA on 5/25/10 9:55am
Msg #338011

Re: Sellers documents?

That makes sense to me Paul...and I actually agree... that situation sounds odd for sure.

Reply by Glenn Strickler on 5/24/10 11:21pm
Msg #337977

Did most everyone misread this post?

Somehow, I think most mis-read this post. This wasn't a loan you were talking about. If your friend just sold her house, there are probably a couple of documents that need her signature notarized. Am I correct?

Never have seen it done this way. I could give a more helpful answer if I knew what documents she is having sent to her. Otherwise, I would just be taking a shot in the dark. Not enough info.

Reply by JanetK_CA on 5/25/10 3:51am
Msg #337984

That's what I got out of it, too.

I've done a few seller's packages. There will be some kind of Grant Deed or Warranty Deed, depending on where the property is, transferring ownership to the buyer and perhaps another one or two from title/escrow, but it's a very small package without loan docs.

We are not a table-funding state here, so I don't think that scenario would be too outrageous here, at least.

Reply by Ilene C. Seidel on 5/25/10 6:11am
Msg #337989

Re: Did most everyone misread this post?

Your right Glen I mis read this post. It does read sellers docs.

Reply by C. Rivera Chicago Notary Services on 5/25/10 10:03am
Msg #338013

nothing new, same as if they were to overnight the docs

to her then struggle to find a nsa to notarize her signatures.

Reply by Ali/IL on 5/25/10 10:47am
Msg #338016

Re: nothing new, same as if they were to overnight the docs

I just got one for a lender I have never heard off. Refi docs being sent directly to borrower.

Reply by PAW on 5/25/10 11:55am
Msg #338035

Docs sent to borrower is not new.

There were quite a few lenders (NFCU for one) that used to do that. Not as many any more. Some borrowers were told to find their own notaries, while other times signing agents were hired and told the borrowers have the docs.

Reply by pat/WA on 5/25/10 12:50pm
Msg #338060

Re: Docs sent to borrower is not new.

Maybe I am missing something. The Seller has been asked to not only find her own notary and fed ex the documents back but she has to receive them by e-mail and print them. How is she to know that everything is included in the documents and that they are correct?? This is not her field of expertise.

Reply by Linda_H/FL on 5/25/10 3:06pm
Msg #338120

It's just like when they're sent to us Pat

We don't know if everything is there or if it's correct - we have title's word that the docs are as they should be ... if there's anything wrong with them, it's on title.