I read an article written today morning InmanNews by Ilyce Glink title: "What does not make this mistake when refinancing. She said some very good advice that should be, no one character is always named in a legal document without having to understand what the documents in a way, and what the transaction goes.
As a notary signing agent, I see it first hand: bringing borrowers are so concerned with the signature behind, or they are so distracted that they do not take the time to readwhat they are signing. And few of them ask questions. If they ask questions, they are not usually provide the right kind of questions. She suggested that for borrowers: "If you do not understand something on the side, then keep asking questions until you understand." I agree.
Reading every word of every document that could be used for some very long statements to make. I for one am not in favor of sitting through a closure, if a borrower wants to take the time to read over 100 pagesLoan documents and try to derive meaning from every word that does not decode them to understand.
Nevertheless, I believe that the borrower more time to understand what they sign them, must be considered. Even if they have a 3-day right of cancellation, in most cases, I dare say that very few of them actually take the time to read every single page of their copies.
A few days ago I wrote an article: "Deed of Trust:" Does anybody really read all that? "In which I suggested, that the borrower take the time to read this very important document. I dissected parts of the Deed of Trust, and pointed out what they should look. I also have articles about other loan documents that will meet the borrower.
That brings me to a notary signing agent brings, and the role we can play and should. There is a very strong mandate for notary signing agents are knowledgeable about all the documents of the loan. Borrowers are alwaysskeptical (and experienced) as a result of the subprime fiasco, and want to make them more time to read and understand what they are signing. And if they take the advice of Ilyce Glink, they will be more questions.
No, notary signing agent never legal advice. But there are many questions that we should be able to answer. There are many ways in which we have a no-can distract potential characters in a smooth and successful conclusion. It is vital for us to behighly qualified as possible.
There will be a challenge. But I believe that a notary signing agents are up to.
Good luck.
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