The mortgage is a good one. The lender is Banco Popular a reputable lender and the interest rate is 3.5% with an outstanding term of 10 years. This means that 120K outstanding can be taken off the purchase price and Janet and John can take the responsibility of the mortgage with the property. The advantage is John does not have to register a new mortgage at the Town Hall notarization naer me and avoids paying a mortgage tax. He also saves a lot of time in not having to arrange his finance, albeit the loan is more than he wanted at least it is very cheap by UK standards and manageable.
Two, the affidavit is being used as evidence in a foreclosure lawsuit. The judge uses the documents in the case, sometimes rules on the notarized document near me alone, or will listen to arguments of counsel and homeowners who have the courage to defend themselves in court, and renders a decision. If the affidavit contains false information or is signed fraudulently, that creates a big problem. It could result in a wrongful foreclosure.
A quit claim deed is a legal document that clears title to the property. It is used in the transfer of an interest on a property to another person. By its name alone, it means the owner quits any claim on a house or land. The person who is quitting claim is known as the grantor while the one who accepts the property is called the grantee. The grantee assumes all risks especially if no guarantees or warranties are made on the title.
1107. Attorney's Fees: You may be required to pay for legal services provided to the lender, such as an examination of the title binder. Occasionally the seller will agree in the notary publics near me agreement of sale to pay part of this fee. The cost of your attorney and/or the seller's attorney may also appear here. If an attorney's involvement is required by the lender, the fee will appear on this part of the form, or on lines 1111, 1112 or 1113.
Don't tell a company that your fee is $125 if they offer you $50, your still just getting your feet wet. Know your value and be happy that as a Newbie Mobile Notary your being paid $50 to gain that valuable experience that will pay off for you in the future. Now is the time to build experience and a client base.
Right around this time you should receive your commission from the Secretary of State in the mail. At this point you are officially a notary in the state of Indiana! Congratulations! Wasn't that easy?