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Re: PRIVATE $$ loan Lender Requirements
Posted by  Yoli/CA of CA on 11/21/22 10:19amMsg #643433
My apologies. I didn't make myself clear. Cheryl posts: "They asked for signatures, to make sure they match with the signatures on mainly the DOT, but all *critical notarized documents*. I sent them the entire entries, because this needs to close without a hitch and *I over killed it.*" (emphasis mine)

Usually (and I stress USUALLY), critical docs are:

The Deed
The Mortgage, Deed of Trust, or Security Instrument and any Riders
The Promissory Note
The Notice of Right to Cancel or Right to Rescind

Of these, USUALLY, only the Deed and/or Security Instrument are the only critical docs whose signature(s) require notarization. Did requesting party of notary journal entry(ies) specify which line item(s) by type of document (i.e. Deed of Trust, Signature/Name Affidavit, etc.) or simply say "all critical notarized documents" or "all notarized documents"? Cheryl posts: "I sent them the entire entries ... and I over killed it." Did she over kill it by giving them more than they requested?

That's what I meant by being in compliance. We are allowed to charge $0.30 per page - we are not *required* to charge anything for this service. So, no, I wasn't referring to fees.

Is my query clear as mud now? Wink

Not trying to pick on Cheryl. Just trying to educate newbies in the pitfalls that we should be aware of. Know your state's notary laws inside/out.

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Messages in this Thread
 Hard $$ loan Lender Requirements -  Cheryl Elliott on 11/18/22 12:54am
 Re: Hard $$ loan Lender Requirements -  Yoli/CA on 11/18/22 9:13am
 PRIVATE $$ loan Lender Requirements -  Cheryl Elliott on 11/18/22 7:58pm
 Re: PRIVATE $$ loan Lender Requirements -  Yoli/CA on 11/20/22 10:37am
 Re: PRIVATE $$ loan Lender Requirements -  Cheryl Elliott on 11/20/22 4:32pm
 Yoli, you are correct in your interpretation. - ananotary on 11/20/22 8:39pm
 Re: PRIVATE $$ loan Lender Requirements -  Cheryl Elliott on 11/20/22 11:18pm
 Re: PRIVATE $$ loan Lender Requirements -  Yoli/CA on 11/21/22 10:19am
 Re: PRIVATE $$ loan Lender Requirements - NVLSlady/MD on 11/21/22 12:02pm
 You made yourself clear. - ananotary on 11/21/22 6:08pm
 Very common and I get this request often for hard money - ananotary on 11/18/22 9:36am



 
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