Good morning Gary,Faith,
Thank you for the “other side” of the picture, it opens my eyes a bit more to the whole scenario. I’m bothered to a great degree about the validity / harassing side of the QWR as considered by the banks in your second post and here’s why. After reading the first one posted by “Manic” I found myself embraced in many aspects correlating with abuse accorded to us in a “third party” way that I may not be able to prove from the validity stand point of you post.
On the Friday night we signed our loan papers, approx. 7pm. the escrow agent held in her hands a stack of documents for each transaction (1st and 2nd) which I estimated to be at least (I’m in construction) 6” high for the 1st, and 3” high for the 2nd. The time spent signing and initialing took 1hr. and 45min. With each document we signed or initialed, she inserted each one in some sort of order within each of these stacks, in other words this was Not a page by page filing of a debt instrument. There was “filler documentation” between each one that we executed.
When asked for full copies of all documents, she made an excuse as to why it couldn’t be done that evening and we directed her to a copy store not far from our residence that I knew would be open at that hour, she later called after more than an hour and said the store was closed when they arrived and our “copies” would be delivered the next day, Saturday, before noon which they did, in-part!
We Did Not receive the entire “stack” of documentation. What I have in my hands today is close to 1” on the 1st, and Â¾” on the 2nd. So I must ask what happened to that 9” stack of paper and what was in it!??
So what was I unknowingly doing, signing my life away to invest bankers, brokers and securities firms…..Why Can’t I Ask for This Information in a QWR???
Who is Covering for Who…..
You should call the lender and the title service company to tell them of their TILA violations. The loan documents must be notarized by a Notary Public and it must be done in your presence. You have 3 days to back out from the day it was signed. You should get a copy of everything and must ask a copy for everything the day you signed the loan documents.
The way you describe how the papers was switch around I am afraid that could be called bail and switch. I do not recommend signing a loan documents in the homeowners house where there is no access for a copy machine. Actually, a good, honest, reputable and organized Title Company who send their employee to your house to have a loan documents signed by you must have two employees, one a Loan Officer and a Notary Public and has already a separate copies of all the documents that you signed so they can give your copy asap . Any loan documents must be notarized in your presence with a Certified Notary Public.
The link below may answer your question, copy and paste to your browser:
(click the 2nd page)
Hope this helps.