Wednesday 16 December 2015

Finding a Notary When You Need Documents Right Away



Jeff Adams Real Estate
When time is of the essence in regards to a real estate investing business transaction, it is good to know the quickest avenues to take in order to locate the necessary information and connect with the necessary individual to be a part of the business transaction.  Finding a notary public when you need documents done right away can propose quite a dilemma if you do not have one that you already refer to.

By definition, a notary is an officer who can administer oaths and statutory declarations, verify and prove signatures, and witness and authenticate documents.  They are probably the only impartial entity within the mortgage lending process. Finding a notary that is reputable and trustworthy and is also efficient and expedient can be quite challenging, especially for the investors who are not yet familiar with the real estate investment process.

When a deal has been negotiated and documents need to be completed and signed promptly, how does an investor locate a notary public, if he/she does not know where to find one?  One way to find a notary is as easy as clicking a button.

Thanks to the massive information that is readily available on the internet, finding whoever or whatever you need is not as difficult a task as it once was.  Navigating the information super highway allows you access any information you may need.

In regards to finding a Notary, by visiting Notarypublic.com, you can view the national directory of notary publics.  This directory offers local and nationwide mobile notary signing services to lenders, brokers, and title and escrow companies.  The National registry of Notaries is another organization that provides useful information as well.

The National Notary Association (NNA) is professional notary resource that can be utilized.  The education and support they provide to United States Notaries is substantial to their role of protecting the public.  This organization was established in 1957 and is the leading authority on the office of the American Notary.

In addition to presenting updates on the current United States Notary laws, it also advocates over 4.8 million notaries nationwide.  The NNA includes high-demand professional programs and services and encourages consumer protection, just legislation, and technical initiatives.

Online closing, also known as eNotarization is a relatively new process that is greatly gaining notoriety in the real estate market.  Technological advancements have made it possible to receive notarization almost immediately.  Electronic notarization is a safe and secure procedure that is fast and effective.  A notary initially meets with a borrower at the borrower’s convenience in order to review the documents for the loan.

These documents can either be viewed on the website of the lending company or on the laptop of the Notary.  Upon the completion of the review, the borrower electronically signs the documents in the presence of the notary.  The notary then electronically notarizes the documents and they are transmitted to the lending company immediately.

Electronic notarization also offers the benefit of less risk involved in the transaction.  Because of its growing popularity among investors, the demand for digitally based transactions is increasing.  For this reason, both in the government and in the private sector, more action has been taken in regards to new laws, requirements, and programs to protect them against fraudulent or unethical practices and predatory lenders.

Trusted Enrollment Agent (TEA) program is being established in some states in order to protect important and sensitive information and also to identify and verify the authenticity of digital credentials.  This program is being developed jointly with government contractors, medical professionals, real estate investors, and the NNA.

Another element of protection is the Electronic Notary Signature (ENS) that the NNA utilizes.  The ENS makes electronically notarized documents tamper evident.  In some states, such as Florida, Notaries are required to have a unique signature that is solely under their control, has the ability be verified and associated with a document, and can also show any changes or alterations that may have been made after the original document had been signed.  This digital age offers real estate investors the ability complete transactions in a more direct, time efficient, and safe manner.

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