Posted by Dave in NOLA on August 26, 2003 at 13:47:09:
Wayne,
Generally no, but if you are doing a short sale you should have the owner sign a Quit Claim Deed to you before you negotiate with the bank and that needs to be notarized so it doesn’t hurt to have your Authorization to Release notarized while you’re at it.
More banks are requiring the Auth to be notarized because a lot of unscrupulous investors were actually forging owners names to get the info. I haven’t run into it yet (and I just opened negotiations on another short sale yesterday) but I’ve heard there are banks out there that DO require it.
Hope this helps.