Posted by sueharke on 1/25/13 12:41pm
Msg #452181
Florida loan packages
I am a CA notary who completed a Florida loan package. The property is in CA. I have the following questions.
1. Are witnesses required during the signing if the property is not in FL, but in another state?
2. What is the average size of a loan package for a Fl property (mine was 130 pages)? I used mostly loose attachments for acknowledgements and jurats in this loan package as the one provided were not CA wording.
3. Is it common to notarize the payoff statement in FL? Is this just a policy of the title company located in FL?
4. There were 13 documents that needed notarization, is this common for FL properties? Is this common for Fl title/escrow companies?
Feel free to hand out the popcorn while answering this question fellow notaries. I am here to learn and I do have a thick skin for answers 
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Reply by Linda_H/FL on 1/25/13 12:53pm
Msg #452187
My best shot FWIW..no popcorn required.. :)
1. Are witnesses required during the signing if the property is not in FL, but in another state?
That would be dependent on property location or lender requirement.
2. What is the average size of a loan package for a Fl property (mine was 130 pages)? I used mostly loose attachments for acknowledgements and jurats in this loan package as the one provided were not CA wording.
Mine run 100-130 pages for the easiest of them.
3. Is it common to notarize the payoff statement in FL? Is this just a policy of the title company located in FL?
Title-specific requirement; I've had some that want it, I've had others that don't. I've had some where the borrower has to sign all the invoices for the line-item HUD charges (appraiser, credit report, survey, tax cert, flood cert, etc etc)...others, none.
4. There were 13 documents that needed notarization, is this common for FL properties? Is this common for Fl title/escrow companies?
I usually can count on at least 8-10 notarizations per package (usually the 8 are title docs)with two exceptions that I can think of off the top of my head - Quicken and TD Bank.
Hope this helps.
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