This property closed over one week ago. I just received an email from negotiator asking for a notarized copy of the Arms Length Affidavit. This was never brought up during the full approval process. They have a signed copy without notary. Anyone else have this required? And, I guess, I am letting you know to have it included in your closing if not...just to have it covered!
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Nancy -
Yes, there is always an Arm's Length and it aslways needs to be Notarized. Even if you haev to have all of the aprties do a separate document in "Counterpart" - that will suffice.
Better get it done ASAP or they will reject / return the funds to the settlement company.
Best of luck,
Thom Colby
Broker
Newport Beach CA
Most of the time they need to be notarized with most lenders, so I just get it done automatically. I am even seeing some lenders want the 3rd party Auth notarized!
Best practice is to ALWAYS get the arms length affidavit notarized to save hassles later.
Yes, I have had many Third Party Authorizations notarized ... but not the Arm's Length on many. I have used a generic form I typed up and never have been asked before (last two years) for notary. But, will change so it is notarized at closing since many buyers agents use docu sign.
N.
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