Posted by Pam Wilson on 3/11/11 12:40pm
Msg #375895

loan closing

on closings when they have borrowers last 3yrs tax returns and want their signatures on them, isn't it odd. They are having to date them the date we are signing correct????

Reply by ME/NJ on 3/11/11 12:44pm
Msg #375896

no n/m

Reply by ME/NJ on 3/11/11 12:47pm
Msg #375898

Re: no not odd to sign the date of signing n/m

Reply by PAW on 3/11/11 12:45pm
Msg #375897

By having the borrowers date the copies of their tax return, they don't have to get 'certified' copies from the IRS. (The Form 4506 is used to ask for copies of tax returns.) So, it isn't all that uncommon to have the borrowers sign copies. Saves time (for the lender).

Reply by Jack/AL on 3/11/11 12:48pm
Msg #375899

That also saves the lender from having to pay the IRS for the info.