Realty World Selzer Realty » Real Estate

Notary Signing Agent vs. Closing Agent

Patty McMillen — Thu, 02 Feb 2012 15:22:00 +0000

Many times we have been forced to use a notary signing agent or a closing agent…they are not the same. A Notary Signing Agent is a ministerial officer that acts as a impartial, third party witness to document signings and may not advise the borrower about the loan terms or answer questions about the loan. The Notary Signing Agent is responsible for positively identifying the signer, making a commonsense judgment that the borrower is aware of what is being signed and signing willingly and following all necessary requirements for notarizing the borrower’s signature. The Notary Signing Agent may not answer questions about the loan terms or advise the signer regarding the loan.

Tug Of War Over Mortgage Rates

Patty McMillen — Fri, 20 Jan 2012 22:05:00 +0000

Image by Getty Images via @daylife
The Federal Reserve may again exercise it’s power to drive down mortgage rates in order to stimulate the economy, but any savings for homebuyers may be at least partitally offset by a new law that raises Fannie Mae and Freddit Mac’s guarantee fees and diverts that money to the Treasury.

The VA Home Loan

Patty McMillen — Fri, 16 Dec 2011 20:08:00 +0000