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We signed our loan docs with a notary 7 days ago. Provident funding now claims "the notary doesn't have $500,000 liability insurance" so they are demanding another notary and another round of signing 200 pages. We have already paid $880 for one extended rate lock and now it expires again on Monday. This is such a scam!!! We had all our docs in on time, they just deliberately drag it out to gouge us again and again.
We wired $120,000 to escrow on Tuesday, every condition has been met. Has anyone ever heard of a lender complaining or question a notary public!??
So call the escrow company speak to the CEO/owner etc and tell them to get their side figured out because they are holding up the completion of the sale. Let them know that you refuse to pay for ANY new fees because they were incompetent. Tell them that they will have to pay for any charges that you incur due to their mishandling of your sale and if the rate changes because they screwed up its on them.
Then call your realtor and tell them to call and grab whatever loan officer is handling the loan by the sack and get him to start squawking at somebody. **** he's getting paid for this too let him do some sweating if the loan doesn't fly. If you did everything required make sure you throw in some deadlines. Tell your escrow company to call the lender and tell them they. Have to eat the cost if a notary that has the 500,000 required insurance for errors and omissions was required by the lender but they didn't provide one.
My mortgage broker is paying the $490 for the rate lock extension and the escrow officer denies ANY wrongdoing but she is paying out of her pocket for the new notary.
My mortgage broker is paying the $490 for the rate lock extension and the escrow officer denies ANY wrongdoing but she is paying out of her pocket for the new notary.
Escrow officer won't be paying out of pocket if there was no wrongdoing on their part. Don't ever let anyone get away with things especially if it means you losing money. Good job
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