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Re: Clarifying...
Posted by  VT_Syrup of VT on 3/25/20 10:43am Msg #617747
I imagine the first thought in the title insurance companies mind is, will it be too easy to commit fraud with a newly-created RON process, and will they end up paying out $XXX,000 to the lenders? The lenders will be wondering if they can resell a mortgage with this type of notarization.

But lets take a simple, secure scenario. John wants to retreat to someplace safe, so wants to buy 10 acres of woods in the Adirondack Park from his best friend Steve, where he will park his camper. So they get a NY notary on Skype and make the sale. John then contacts the Hamilton County Clerk's office to find out how to record the deed. It's just John, Steve, and the notary. No title company, no lawyers, no loan, and payment is by ACH transfer.

I wouldn't bother the busy folks there about a hypothetical, but what do you figure the chances are that the county clerk will accept an electronic deed? They don't even have their own website; they just have their contact information on the general county website. Their fee sheet says they don't accept "fax copies". Does that mean that if Steve prints out the electronic deed and sends it in, it will be rejected?
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Messages in this Thread
 New York - Emergency Covid - 19 - VIDEO NOTARIZATIONS - Trithon on 3/25/20 8:02am
 You really don't solve 1 problem by creating a new problem n/m - Lee/AR on 3/25/20 8:12am
 Re: You really don - Trithon on 3/25/20 9:06am
 Re: You really don - Luckydog on 3/25/20 11:34am
 Re: You really don -  VT_Syrup on 3/25/20 11:51am
 Electronic seal not required. n/m - Trithon on 3/25/20 1:40pm
 Clarifying... - Lee/AR on 3/25/20 9:51am
 Re: Clarifying... -  VT_Syrup on 3/25/20 10:43am
 Good questions... answers may vary by state - Lee/AR on 3/25/20 11:04am
 Re: Good questions... answers may vary by state - Trithon on 3/25/20 1:51pm
 Sorry, I don't think this is what the EO intended at all. -  JanetK_CA on 3/25/20 4:14pm
 Are you kidding - Trithon on 3/25/20 6:14pm
 DID YOU KNOW - Trithon on 3/25/20 1:50pm
 NY States Highest Ranking Member the Governor Issued The Ord - Trithon on 3/25/20 1:47pm
 I think you should go read that EO again! n/m -  JanetK_CA on 3/25/20 4:18pm
 Re: I think you should go read that EO again! - Trithon on 3/25/20 6:08pm



 
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