U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Real Estate > Mortgages
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 09-05-2013, 07:25 PM
 
Location: Mammoth Lakes, CA
3,088 posts, read 6,626,055 times
Reputation: 7126

Advertisements

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!??
Reply With Quote Quick reply to this message

 
Old 09-05-2013, 08:13 PM
 
16,482 posts, read 17,501,756 times
Reputation: 23521
Who provided the notary? If its them call and speak to the broker and tell him to get his head out if his ass
Reply With Quote Quick reply to this message
 
Old 09-05-2013, 08:35 PM
 
Location: Mammoth Lakes, CA
3,088 posts, read 6,626,055 times
Reputation: 7126
The escrow company provided the notary who they have been using for 14 years with no lender ever complaining.
Reply With Quote Quick reply to this message
 
Old 09-05-2013, 10:48 PM
 
16,482 posts, read 17,501,756 times
Reputation: 23521
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.
Reply With Quote Quick reply to this message
 
Old 09-06-2013, 04:58 PM
 
Location: Mammoth Lakes, CA
3,088 posts, read 6,626,055 times
Reputation: 7126
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.
Reply With Quote Quick reply to this message
 
Old 09-06-2013, 06:18 PM
 
16,482 posts, read 17,501,756 times
Reputation: 23521
Quote:
Originally Posted by Ulysses61 View Post
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
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Real Estate > Mortgages
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2018, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top