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Do both parties need to be there to sign notary for personal loan?
Wiki User
∙ 12y ago
If the document requires that both signatures be notarized it would be a smart idea, otherwise both signatories would have to hire their own separate Notary to witness their signing.
Wiki User
∙ 12y ago
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How does one get a personal loan?
One can obtain a personal loan either be asking a colleague for one, and having both respective parties' legal teams dictate the terms of the loan. One can also obtain a loan from a bank, provided that one manages to convince the bank that the invest would be worthwhile.
Can you get a home equity loan after you are divorced but still on the mortgage?
If you and your former spouse still own the property you can get an equity loan if both parties consent and both sign the note and mortgage.If you and your former spouse still own the property you can get an equity loan if both parties consent and both sign the note and mortgage.If you and your former spouse still own the property you can get an equity loan if both parties consent and both sign the note and mortgage.If you and your former spouse still own the property you can get an equity loan if both parties consent and both sign the note and mortgage.
Can you build your credit rating by co-signing on a loan with your spouse?
Yes - the loan, if reported, would be reported on both parties credit reports.
Who's credit is affected if a cosigner is bankrupt and the loan is defaulted?
Both parties on the loan. Co-signer and other person they co-signed for
What legal ramifications can occur if a non notary closed a loan without a notary present and the contract was notarized after you left the closing location?
The borrowers can claim they never signed it before a notary and could have the whole contract dismissed in Court, and keep the money they borrowed. In addition, the notary could be sued by the lender for the total amount of the loan, and the notary would lose their commission.
What is the difference between a Promissory Note and a Loan?
A loan is a sum of money which is borrowed on the condition that it will be paid back.A promissory note is a written promise to pay the loan that sets forth the terms of the loan and is signed by both parties.
Can you close on the sale of your home with an outstanding personal loan?
If you are the purchaser that would be up to your lender whether it thinks you can afford both payments. If you are the seller, a personal loan has nothing to do with your real estate, so the answer is yes.If you are the purchaser that would be up to your lender whether it thinks you can afford both payments. If you are the seller, a personal loan has nothing to do with your real estate, so the answer is yes.If you are the purchaser that would be up to your lender whether it thinks you can afford both payments. If you are the seller, a personal loan has nothing to do with your real estate, so the answer is yes.If you are the purchaser that would be up to your lender whether it thinks you can afford both payments. If you are the seller, a personal loan has nothing to do with your real estate, so the answer is yes.
Personal loan agreement?
A personal loan agreement is signed document signed by two parties; the borrower and the lender. The borrower agrees to pay the loan to the lender along with an agreed upon interest rate and the lender agrees to pay the borrower an agreed upon amount of money. Here is a very basic loan agreement, this does not include collateral. This is only for an unsecured personal loan agreement. Secured loan agreements carry more detail do to the sensitive nature and wording that is required in the event that the borrower defaults and the lender needs to settle in court. Any agreement signed by both parties should be notarized by a third party to bare as witness. PERSONAL LOAN AGREEMENT FORM BORROWER _Brian W Conger LENDER _Allen Grundvig DATE LOAN IS MADE _November 08, 2012 PLACE WHERE LOAN IS MADE _752 Main Ave N, Twin Falls, Id 83301 AMOUNT OF LOAN $ 900.00 AMOUNT OF INTEREST $200.00 LOAN REPAYMENT SCHEDULE Payment of $100.00 due on the 10th of the Month AGREEMENT: BORROWER AND LENDER BOTH AGREE TO THE TERMS AS DESCRIBED ABOVE. SIGNATURE OF BORROWER _________________________________ SIGNATURE OF LENDER ____________________________________ THIS AGREEMENT IS NOW IN FORCE!
What is a Post Office personal loan?
A Post Office personal loan is a competitive personal loan with various amounts. One can ask for a Post Office personal loan for different periods of time.
When someone has died but made a loan to family can the loan be recovered to the estate?
If the loan is documented (there is written evidence for it signed by both parties) and there is an agreement that it should be repaid, then that loan is an "asset" in terms of the deceased's estate. Therefore in these circumstances YES the loan can and should be recovered to the estate.If the loan is undocumented, then is it unenforceable and not an asset.
Can your payment for a loan be refused?
If You Have Had Your Loan Turned Over To A Collection Agency Then Your Payment Will Have To Be Paid To The Agency. Until An Agreement Is Reached By Both Parties. Or The Loan Is Paid Off. If This Has Not Happened, Set Down And Read Your Loan Contract. Then If In Doubt, Take This To Your County Attorney.
What notary fees should you charge at Hud closings?
If the Notary does not work for the lender they can charge a signing fee for loan docs. Each set of docs may differ in the number of documents that need to be notarized. The Deed of Trust is always in the loan docs and must be notarized. ($10.00 per signature), the Name Affidavit, and the Occupancy statement usually need notarization. For one set of Loan Docs, (only one loan) the average cost is $150.00. Once you receive the Loan docs look through them and count the notaries. Any document that the Lender is requiring a notary on will have the wording and a place for the notary to stamp the document. A notary will charge whatever is dictated by the actual documents that are being signed or a flat rate signing fee which is the norm. More important is the terms of the loan and the fees you are being charged by the Mortgage Broker and Lender. That is the Bank and it's pimp.
