Definitely not an attorney, Rick - but you didn't get much response, so thought I'd give this my own two cents.
I don't see how you would be acting as anything but a courier in this situation. It's not any different than including a borrower's check to the Settlement Agent in a pkg. back. You're not cutting the check, you're not disbursing, the funds aren't going to you, you're merely acting as a delivery service.
Odd that they'd transact things this way, instead of wiring - perhaps the proceeds aren't all that sizable? No big deal, really - just seems that wiring is the more often used means of transacting.
What's a "CRESPA Notary"? |
