Financial Disclosures in Loan Transactions

August 17, 2015  |   Posted by :   |   Brooklyn notary,Loan closings,New York City Tax Preparation Services,Notary PUBLIC,Signing Agent,Taxes   |   Comments Off

Aside from the financial disclosures which the law requires creditors to make regarding hidden charges for loans and mortgage transactions, the law also requires notarization of loan documents. A notary is an officer commissioned by the state to be a witness to transactions such as loans and wills. A notary is a third person to […]

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Residential real estate loan closing vs commercial real estate loan closing

August 14, 2015  |   Posted by :   |   Brooklyn notary,Loan closings,Notary PUBLIC,Signing Agent   |   Comments Off

Residential loans are loans extended to individuals. Usually, these are secured by a mortgage on a piece of real estate that is used primarily for residence purposes. Some people apply for a loan as a means for financing the purpose of a family home. Others apply for a loan and execute a mortgage over their […]

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Borrowers’ rights in loan transactions

August 13, 2015  |   Posted by :   |   Brooklyn notary,Loan closings,New York City Tax Preparation Services,Notary PUBLIC,Signing Agent,Taxes   |   Comments Off

It is very difficult to procure a loan and a mortgage. For one, when you apply for a loan or a mortgage, there is a process of credit investigation. Your past transactions will be scrutinized including all loans you have paid off as well as those you have defaulted on or protested. The underwriters will […]

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A Notary’s Role in Estate Planning

August 12, 2015  |   Posted by :   |   Brooklyn notary,Loan closings,Notary PUBLIC,Signing Agent,Uncategorized   |   Comments Off

These three documents: a power of attorney, a trust and a will are those which give other people the right and obligation to act for and in your behalf in the event that you get grievously ill and can no longer act with legal capacity or when you die. A power of attorney is a […]

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When is the borrower’s spouse is required to sign the loan ?

August 10, 2015  |   Posted by :   |   Brooklyn notary,Loan closings,Notary PUBLIC,Signing Agent,Uncategorized   |   Comments Off

Often, when a person applies for a loan or mortgage, the borrower’s spouse is required to the loan or mortgage documents. This is especially true when the property which is made the security or collateral for the loan or mortgage is a piece of land that is conjugal or co-owned by legal spouses. This happens […]

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