Posted by Suzanne Bower on 8/14/13 4:03pm
Msg #480507

inspection of premesis

I was contracted to do an application signing for reverse mortgage and there was a document requiring inspection of the premises inside and outside with a check-list to list whether various items were in good repair. I declined to do this based on lack of qualifications and also possible liability issues. Was wondering if this is a common request. Should mention the attorney's office in an Ohio county said this is not an appropriate use of a notary...

Reply by Suzanne Bower on 8/14/13 4:04pm
Msg #480508

Sorry, misspelled "premises" No opportunity to correct.

Reply by Jack/AL on 8/14/13 4:14pm
Msg #480513

I agree with your decision and the attorney's comment. As a former Realtor, broker, and appraiser, I'd still not want any possibility of issues concerning such a simple inspection. Also, I've stopped doing the RM applications, for it seems that no company asking would pay me for the time involved, even without an inspection. I accepted one last Saturday, and I'm pretty certain that the scheduler said it was a refinance. Had nothing better to do, anyway, and it ended up taking 1.5 hours (twice the normal time spent on refinances). Had I understood from the scheduler that it was an RM, I'd have asked for a higher fee, due to anticipating a longer signing session, and they'd probably have called someone else. Signers were nice folks and it worked out OK, just took longer. I informed the company that from now on, I'll be very careful to accept assignments from them, and will call to renegotiate or decline, if I'm surprised by another RM.

Reply by kkat/IA on 8/14/13 4:40pm
Msg #480515

In any RM I have done that doc is to be filled in by borrower. It is just to give the RM company an idea of the condition of the property. Assuming it is the same doc.

Reply by MW/VA on 8/14/13 7:42pm
Msg #480528

I wouldn't do an "inspection". RM's require an appraisal,

anyway. I was contacted a couple of times to do a "residence confirmation". RM's require some sort of verification every year that they are still living there as their primary residence.

Reply by HSH/WA on 8/15/13 9:53am
Msg #480567

Re: inspection of premises is beyond the scope of notary

and I would only do it with significant additional pay and disclaimers as to my lack of expertise.

Reply by Linda_H/FL on 8/15/13 10:07am
Msg #480569

'there was a document requiring inspection of the premises inside and outside with a check-list to list whether various items were in good repair"

Beyond the scope of my expertise. I cannot determine of something is in good repair or not and do not want to be held to it. I would not complete this form either.

Reply by Darlin_AL on 8/15/13 12:13pm
Msg #480588

Re: inspection of premesis--another reason I won't do RM n/m

Reply by Linda_H/FL on 8/15/13 2:40pm
Msg #480605

In defense of RM's - they all don't have this form

this is out of the ordinary. I've done RM apps and only had ONE that had anything resembling this and I questioned it. Haven't seen this form or anything like it in a long time.