A Notary Public is a public servant that is elected by the people in their towns and cities to act as an agent for a specific type of transaction. This can be anything from a title transfer to a lease and all types of legal agreements. For instance, you may be a tenant in your home but be able to transfer your ownership to a new owner of your home.
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If you are a renter or a tenant in your home, it is important to take the time to get a Notary Contract Template. This will serve as a contract between yourself and the Notary Public. The Notary must sign this document if you move out and make sure that you are all set.
Since so many people are looking at a current mortgage rate and going with the lower rate because they think that they will save money, it is also smart to get a template before they do. There is nothing wrong with having a lower monthly payment, but it would be a great idea to have a low-cost monthly payment.
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After a Notary has taken your signature and created a contract for you, there are several things that are left up to the Notary to do. He will now have to wait for two to three weeks for the document to become official. After this time period is over, you must pay the Notary his fees for creating the contract.
If you’re currently living in a house that is under a current home mortgage, you may be able to get a few more days. Sometimes, this is not the case, so it’s always a good idea to double check the statute of limitations before attempting to change the mortgage terms.
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After the two to three weeks have passed, and your current mortgage has been turned over to a new owner, you will receive a notice that you were able to make an exchange with the current owner. This will need to be signed by the new owner and the Notary.
Once the Notary has the contract back, he will turn it over to the person that he made the exchange with. The transaction will be recorded on your public record and now your name and the Notary’s name will be listed. When you next apply for a license, you will be able to provide the Notary with the information needed for your background check.
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If you decide to not fill out the Notary Contract Template, you are basically handing over your rights to another person who will be acting as a proxy for you. It is always better to take the time to get the proper paperwork so that you can remain in control of your future and keep what is rightfully yours.
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