Posted by Ali/IL on 12/8/11 4:19pm
Msg #406082

Signing as an LLC

Sometimes borrower wants to sign with their own name. But, what if the signature line shows the LLC name? What if they sign their own name with the LLC name after it?

Borrowers have done it both way and, I got no call backs but, I still have doubts. Rigth now waiting for title to answer question. This is for a closing early tomorrow morning so, thought I would get a quicker answer here.

Reply by Les_CO on 12/8/11 5:07pm
Msg #406085

Have them sign their names as printed on the docs. We do not see the chain of title; we do not know how the property is vested. We don’t check with the SOS to see if the individuals are officers/managers/ or signing as individuals. If they sign their names as printed of the docs you did your job. JMO

Reply by Linda_H/FL on 12/8/11 5:45pm
Msg #406090

The docs should read XYZ LLC by

and a signature line for the Member/Manager to sign. Then if authorized in your state you use a corporate acknowledgement ..

Reply by C. Rivera Chicago Notary Services on 12/9/11 4:05pm
Msg #406165

sent you a pm on this... =) n/m

Reply by Victoria_NJ on 12/9/11 5:59pm
Msg #406172

LLC is NOT an Individual

Just for future reference, if the mortgage or docs have ABX, LLC, then that is how the docs MUST be signed.

Many LLCs are sole members, meaning only one person is in the LLC and is also the managing member. So borrowers think because they own the LLC they can sign with their name only - TOTALLY WRONG.

The proper execution would be ABX, LLC by Managing Member John Doe (or John Doe, Managing Member)

John Doe, even though he owns the BUSINESS ENTITY known as ABX, LLC and not sign just his name.

Ideally, the managing member should always be the authorized signatory in behalf of the LLC.

Hope that helps, we have this issue all the time come up in the title work.

Reply by CopperheadVA on 12/9/11 9:46pm
Msg #406195

Always ask the hiring party how they want it signed n/m