Mobil Notary | All Purpose New York Notary | Apostille Processing | Legalization and Fingerprinting

CLOSE Your Loan Package in the comfort of your own home. Brought to you by Kenneth A Edelstein All Purpose Certified New York Mobile Notary

Many states, including New York, permit Loan Packages (initial purchase, refi, reverse mortgages, etc.) to be processed at your home or office. You do not need to go to the bank or title company office. This becomes very convenient when both husband and wife will be signing. A specially trained notary called a Signing Agent can be dispatched to meet with you at a location and time of your choosing. The Signing Agent will bring two complete sets of printed documents. One will be signed and notarized at your location; the other will be a copy for your records. The Signing Agent will guide you, step by step, thru the signing; notarize and ship the documents. The Signing Agent fee is normally considered a Title Company expense; you don't pay extra for this service.

The procedure is often called a closing, however it is only the first step in the closing process. But, it is a vital step and must be completed perfectly. A single flaw, missing signature, or botched notarization can put the entire process on hold - until the error has been corrected. I have a published article on my site, http://kenneth-a-edelstein.com with a very complete discussion of this process. An important aspect is the Right of Recession, most commonly known as the Right to Cancel. It allows three business days to review the borrower copy, resolve issues; and if necessary cancel the transaction.

The Right of Recession only applies if the collateral for the mortgage is a primary residence. In other words, if the property is a second home - there is no Right to Cancel. One suggestion: as an alternative to having the Signing Agent bring the documents to your home; you can request the entire Loan Package be sent directly to you. This will give you plenty of time to review the complete package with your Loan Officer - prior to the arrival of the Notary Signing Agent. This is especially important if you will not be receiving a Right of Recession.

Another tip: After the Signing Agent has departed; number your copy of the loan package (it's not the legal copy, so feel free to write on it). Typically, the package is about 100 pages. Next, with a pad of paper alongside - go thru your package page by page. When you have a question; for example the Escrow Amount on page 34 - circle the item in question directly on page 34 of the Loan Package. Next, on your pad of paper write the number 34 and the issue: Escrow amount too low. Proceed thru the entire document, noting all issues and questions. When you are done, the pad will be a directory to issues in the Loan Package, with page numbers and reference to the issue. The Loan Documents will have the appropriate area circled. Then, in an organized manner, you can contact your loan officer to resolve all issues in one phone call.  More links and update's from Kenneth A Edelstein All Purpose Certified New York Mobile Notary

keywords: Mobil Notary | All Purpose New York Notary | Apostille Processing | Legalization and Fingerprinting