Do modification loans require a notary for signing?

Question

When you get a mortgage, the notary person comes to your house to sign the documents (at least for the most part that I am aware of). When getting a modification loan, is the process the same as far as a notary coming over to your home to sign or do they just mail the documents to your home for you to sign and mail back (or no signing involved?)?

Answer 1

You are describing a "Mobile Notary Service" which was used when interest rates dropped from 6.6% to 5% for 30 year loans. The lender paid the $75 fee and all the papers were signed at your house.



Most loan modifications have not involved notaries. The lender is not recording a new Deed Of Trust or Mortgage so no notary is necessary.

Answer 2

It would be very unusual for a Public Notary to come to your house to notarize the documents in purchasing and financing a new home. Usually you have to go to a title insurance company or escrow company (depending on local custom) to sign all the required documents and they have a notary on staff . All new mortgage documents need to be notarized in order to record them. The bank will give you the appropriate instructions on what to do next.

Answer 3

the finished factor of a notary is that the notary sees that this incredibly individual certainly indications the form. So, that's no longer particularly accessible to notarize a form with out the signer being present. those notaries are actually not doing their job. you ought to the two clarify this to them or checklist them as this would have extreme legal implications for human beings.

Answer 4

Why do you not want a notary involved?

Anybody can sign if the notary is kept out of the circle

BIG RED FLAG

Answer 5

1

Answer 6

Lots of great answers already for this

Answer 7

Well, it depends..