Posted by 101livescan on 10/17/10 10:49am
Msg #357097

Great mortgage news!

Check this out. Bankrate is one of my favorite "newsworthy" and accurate reporting sites about our mortgage industry.

http://www.bankrate.com/finance/mortgages/5-hot-year-end-home-mortgage-trends-1.aspx

If last month is any indication of how busy we're all going to be until our leaders realize a way out of this mess, well I'm stepping up my vitamin and exercise regime.

I don't have any clearances for foreclosures these days, only postponements. I'll bet a lot of people will get to stay in their homes longer or forever, given the banks can't find the documents they need to prove they are owners of the notes. This is epic, turning back the foreclosures. Like trying to stop a stampede of wild mustangs.

Reply by James Dawson on 10/17/10 11:22am
Msg #357099

Thanks for the info. Last week I did a signing for a SVP of one of the banks mentioned. He said it was really a mess they were dealing with. When I proceeded to execute the jurat portion of the signing he said laughingly, "That's one of the problems there, they can't locate who the oath was given to"? We did have a good time talking about the mess.

Reply by C. Rivera Chicago Notary Services on 10/17/10 2:19pm
Msg #357104

James, what does that mean exactly? I'm confused by that

comment? Thanks!

Reply by kathy/ca on 10/17/10 2:39pm
Msg #357106

That line was a quote from the article infering that oaths

were not given to the signer because in many cases the signer was not even present when the notarization took place.

Reply by kathy/ca on 10/17/10 2:44pm
Msg #357107

Sorry, didnt finish my thought....so how could an oath have

been given to the signer......

Reply by James Dawson on 10/17/10 4:16pm
Msg #357113

Bingo! n/m