Posted by GMann on September 15, 2004 at 08:38:13:
http://www.brokeruniverse.com/grapevine/thread/?thread=89849
Probably need to cut and paste the link. Personally, I think you should just pay the loan back.
due dilligence screw up? HML, no notary - Posted by Chris
Posted by Chris on September 14, 2004 at 22:06:16:
The lots were purchased last year, the water meters last week and yesterday I obtained the 15% construction loans, $ 93,750 each. The first payment is due on the 23rd, but the agent didn’t bother getting my signature notarized. Instead, they used a month’s old notarized signature dated 8/19 for larger houses & loans which were not built. Q: is this a major screw up on the hard money lender’s part, or some sign of great trust in my integrity? - I mean, what if I fought the deed of trusts on the ground of the lack of a notarized signature? There are other worms in this can, so it boils down to whether someone failed miserably doing due dilligence stuff. Thanks.