It seems like everywhere you look the business is getting stricter. Lender's guidelines are tightening, Bank's are tougher on who they accept offers from on REO properties and now I am finding that title companies are implementing their own rules.
I have seller's who don't all live in the same area of town and the title company is insisting that they all come in at the same time to the same location. Now, I can understand they don't want to waste their time with setting 2 appointments for the same documents, but when I offered to take the seller's documents to the seller who lives over 50 miles east of the title company, the escrow officer said it had to be done in the office. What happened to the days when you could walk into a bank and have a document notarized? This isn't the buyer's loan documents. If anything it is one page (the deed) that needs to be notarized the others can practically be done by fax if needed.
I will abide by their rules and see what we can do to have all 3 seller's in the same location at the same time, but really is this necessary? I see this being a huge problem for investors out there who may have bought together and live in different states. Will the title company require them to all be in the same location at the same time too?
Different day, different rules. I guess that is how the business is going to be for awhile. Change, Change, Change.
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