Sign Delaware Banking Limited Power Of Attorney Fast

Industry sign banking delaware limited power of attorney fast

greetings under a stars this is the seventh video in our series of how to complete a purchase or a buyer's file this document is a compliance agreement and limited power of attorney now you may say this document twice throughout your package this is early on so this is part of the title documents we can also see our little title logo up here what you should be looking for throughout your file to know if you are in the lender Docs or the title Docs which are usually at the beginning of the package a compliance agreement and limited power of attorney allows the title agency or the lender to make minor corrections to the documents on the signers behalf it is always geared toward the best interest of the signers this particular one actually has a clause down here at the bottom letting them know that this will not increase their payoff amount or their interest rate the way I usually present this document is this is a compliance agreement with limited power of attorney which allows this title company to make minor Corrections to the documents on your behalf this includes the spelling of your name description of your property or even your street address it does not allow them to change your figures or sign your name if you learn how to present this document properly with a really good nutshell description you will have a lot less time at the table this is one of those documents that tend to hang signers up when they hear the word power of attorney this is also usually a notarized document and you'll see here that this has been executed now this is a great time for us to point out how to properly notarize a document first of all I want to point out that this is an acknowledgement this is not a juror so the way that we know that is we read the notary description a year and we see the word acknowledge subscribed within the instrument and acknowledged before me a juror does not contain that language it says sworn and subscribed before me so when you see that word this is acknowledged to me that means it's an acknowledgement so if you're attaching your own you want to make sure that you use it in college meant and if you are attaching your own you want to make sure you using one with the optional information to it to tell the receiving party what document it's being attached to and you want to fill that out completely great notaries fill that out completely you want to make sure that you're always putting in your county and state and if it's already pre-written for you and you're not in those County or states will you put one line through initial it and write the correction by each one also there are some lenders that will reject a notary if you are not lining through the proper words and circling the proper words throughout the notarization so it's best practice when you receive one that has name or names or is or are or his or her aren't there to circle the proper pronouns throughout in line through the ones you're not using one of the things that I always teach notaries when I'm teaching them live is when it says personally known to me you can put a line through that especially if it says or prove to me on the basis of setup satisfactory evidence for me this is protection for the future in case someone comes back and says well where they personally know to you or prove to you on the basis of satisfactory evidence may not seem like a bigger deal at the time when you're doing the signing but if anything ever went awry there's no question when someone's presented this document that you did not personally know the signers then at the bottom of the notarization here you're going to notice that John a doe are fake notary and I want to zoom in on this everyone could see this is a dummy stamp that we created John a doe has signed with his name comma notary public this is probably the best practice you can get into and knowing when to use this when you sign your name isn't as a notary you're not just signing as John a doe you're signing as a notary public so you should always include the word notary public after your name yes it does add a little bit of work to your to your flow at the table but it is the best practice and there are many companies that expect you to write the word notary public and then if there's any optional information requested down below you want to make sure that you filled that out