President Obama: For The People

[coadie]

Originally Posted by Jermyn Davidson

The article states that this bill, the Interstate Recognition of Notarizations Act, would protect banks and mortgage processors from liability for improperly prepared foreclosure documents.

It doesn't seem major at first, but what the President did by refusing to sign this bill helps the homeowner.

Apparently, many of the notarizations on the foreclosure papers of many homes were printed en masse, by computer, in an effort to "expedite" the foreclosure process.


One of the main roles of a notary is to personally review the documents being notarized. This has not been happening.

Further, the requirements for notarization may differ from state to state. The President's refusal to sign this bill forces banks and businesses to "do right" by their customers, according to the laws and regulations of each of their customers' individual home states.


This is a victory for Joe Average, whose home may be in foreclosure. It keeps the banks from simply running roughshod over customers who have fallen behind on their mortgages.


At a time where banks and mortgage lenders are being investigated for fraud and other possible crimes against their own customers, the President stopped a bill that could have protected the banks and mortgage lenders who may have carried out foreclosures on Americans all across the country in an "one-size-fits-all" manner, without regard to the rights and protections granted to the homeowner by their individual states.


This is a small victory for "States' Rights" and a huge victory for the individual American.





GOD BLESS THE USA!

GOD BLESS THE PRESIDENT!

A notary public has the job of being a formal witness to signatures of legal documents and must be able to identify the people signing a contract. A notary public is an official of the state and must remain unbiased. Notaries work hand-in-hand with the legal profession and in any fields where contract law is important such as real estate, titling and insurance processing.

I have been a notary, had employees be notaries and realize all they do is witness signatures.

This means a notarized signature on a car title and the signature is worthless if the title goes to another state. Apparently JD doen't understand the bill or he function of notaries.

Notaries don't review documents. They witness signatures.

[Jermyn Davidson]

Originally Posted by coadie

A notary public has the job of being a formal witness to signatures of legal documents and must be able to identify the people signing a contract. A notary public is an official of the state and must remain unbiased. Notaries work hand-in-hand with the legal profession and in any fields where contract law is important such as real estate, titling and insurance processing.

I have been a notary, had employees be notaries and realize all they do is witness signatures.

This means a notarized signature on a car title and the signature is worthless if the title goes to another state. Apparently JD doen't understand the bill or he function of notaries.

Notaries don't review documents. They witness signatures.

Ok.

I was off a bit.

Besides, every time I've ever had anything notarized, the Notary has reviewed the documents. It would be in the Notary's best interest to do so.

The fact still remains that a computer can't perform the function of a notary.


The President's refusal to sign this bill into law protects Americans.

[coadie]

SAMPLE ACKNOWLEDGMENT

Commonwealth of Pennsylvania)
)SS:
County of )

On this, the________day of __________, 20____, before me a notary public, the undersigned officer, personally appeared________________, known to me (or satisfactorily proven) to be the person whose name is subscribed to the within instrument, and acknowledged that he executed the same for the purposes therein contained.

In witness hereof, I hereunto set my hand and official seal.

___________________________ Notary Public

(1) For an individual acting in his or her own right:

Commonwealth Of Pennsylvania

County Of __________

The foregoing instrument was acknowledged before me this (date) by (name of person acknowledging) , who is personally known to me or who has produced (type of identification) as identification.

(Signature of person taking acknowledgment)

(Name typed, printed or stamped)

(Title or rank)

(Serial number, if any
Notaries DO not evaluate contracts. They are NOT lawyers at all.

They only witness signatures.

[Light]

Originally Posted by Jermyn Davidson

Ok.

I was off a bit.

Besides, every time I've ever had anything notarized, the Notary has reviewed the documents. It would be in the Notary's best interest to do so.

The fact still remains that a computer can't perform the function of a notary.


The President's refusal to sign this bill into law protects Americans.

J don't argue with coadie, if you listen to him there isn't a subject that he hasn't mastered, or a job he hasn't had. He is the supreme master of knowledge on every subject, he thinks!!!

[coadie]

Originally Posted by Jermyn Davidson

Ok.

I was off a bit.

Besides, every time I've ever had anything notarized, the Notary has reviewed the documents. It would be in the Notary's best interest to do so.
The fact still remains that a computer can't perform the function of a notary.


The President's refusal to sign this bill into law protects Americans.

You made up the part about the notaries best interest in reviewing documents. That implies they can render an opinion.

They only review and observe the ID of the person signing thedocument.
The goal is to reduce forged signatures.

[coadie]

Originally Posted by Light

J don't argue with coadie, if you listen to him there isn't a subject that he hasn't mastered, or a job he hasn't had. He is the supreme master of knowledge on every subject, he thinks!!!

That is a part of contract law and the Statute of Frauds.

[Hoovie]

Originally Posted by Jermyn Davidson

Ok.

I was off a bit.

Besides, every time I've ever had anything notarized, the Notary has reviewed the documents. It would be in the Notary's best interest to do so.

The fact still remains that a computer can't perform the function of a notary.


The President's refusal to sign this bill into law protects Americans.

Maybe yes maybe no. It depends on many factors... In many cases foreclosure is a good thing (or the better option for both parties.

Also you assume the those financing are not American? hmmm.

[Jermyn Davidson]

Originally Posted by Hoovie

Maybe yes maybe no. It depends on many factors... In many cases foreclosure is a good thing (or the better option for both parties.

Also you assume the those financing are not American? hmmm.

How?

If I have communicated that, it was not my intent.

[Hoovie]

Originally Posted by Jermyn Davidson

How?

If I have communicated that, it was not my intent.

OK then - I misunderstood. It just seemed you were being thankful some lenders were being stalled in the process of reclaiming equity on bad loans (in default). It helps to put American faces on those American institutions that lend money as well as those who took out the loan. There are many fine Americans employed in the banking and mortgage industries.

[Jermyn Davidson]

Originally Posted by Hoovie

OK then - I misunderstood. It just seemed you were being thankful some lenders were being stalled in the process of reclaiming equity on bad loans (in default). It helps to put American faces on those American institutions that lend money as well as those who took out the loan. There are many fine Americans employed in the banking and mortgage industries.

Ok.

You did not misunderstand me on the bolded.


If I wanted to, I could put an American face (or Indian) on the scumbucket bill collector that calls to squeeze blood out of turnip from an account that he bought for pennies on the dollar.


My point is to criticize the banks and associated lending institutions.