A notary public is a public servant appointed by state government to witness the signing of important documents and administer oaths. The main function of a notary is to deter document fraud. Notarization confirms that the person signing a document is who they say they are, and that they understand the contents of the document. Real estate transactions are some of the most common documents notarized. If you’re buying or selling a property, it’s important to understand notary services and what role they play in the transaction. This guide provides an overview of notary services and how they can help protect your real estate transaction.
The Role of a Notary
A notary is an important figure in many legal transactions. Notaries are impartial witnesses who verify the identity of the parties involved in a transaction and witness the signing of documents. In some cases, notaries may also be responsible for administering oaths or affirmations. The role of a notary is to ensure that all parties involved in a transaction understand the nature of the document being signed and that they are freely and willingly entering into the agreement.
Why Do Real Estate Documents Need a Notary?
When you purchase a home, there are a lot of legal documents that need to be signed. While you might be tempted to simply sign these documents yourself, it’s actually very important that they be notarized. A notary is an impartial third party who ensures that all parties involved in a transaction are who they say they are. In the case of real estate documents, the notary verifies the identity of the buyers and sellers and witnesses their signatures. This helps to prevent fraud and ensure that everyone understands the terms of the agreement. As a result, notarizing real estate documents is an important part of the home-buying process.
Specially trained notaries called Loan Signing Agents or Notary Signing Agents help homebuyers complete their purchases by guiding them through real estate documents that must be signed and notarized. Here we need to understand the differences between Notary Public and Notary Signing Agent.
Notary Signing Agent Vs Notary Public
In the United States, a notary public is a person who is appointed by a state government to serve as an unbiased witness to the signing of important documents. A notary public must be impartial in order to ensure that the documents they witness are signed willingly and without coercion. Notary publics are required to keep records of the documents they have witnessed, and they may charge a fee for their services. Notary signing agents are similar to notary publics in that they serve as witnesses to the signing of documents. However, notary signing agents are specifically trained to Witness the signing of loan documents. They must complete a background check and undergo training in order to be certified by the National Notary Association. Notary signing agents typically charge a higher fee than notary publics, as their services are more specialized.
What Real Estate Documents are Notarized?
In order for a real estate transaction to be legal, certain documents must be notarized. The most common of these are the deed and mortgage in Real Estate Notary Services. The deed is the document that conveys ownership of the property from the seller to the buyer. The mortgage is the document that pledges the property as security for a loan. In some states, other documents, such as the contract for sale, must also be notarized.
Who can Notarize Real Estate Documents?
When it comes to real estate transactions, the importance of having a notary public on hand cannot be overstated. Notaries are responsible for verifying the identity of the parties involved in a transaction and witnessing their signatures on documents. This helps to ensure that the documents are legally binding and that all parties are aware of their rights and responsibilities. While most people think of banks as the only place to get documents notarized, there are actually a number of different types of businesses that can provide this service. Here are just a few examples:
-Title companies
-Law firms
-Real estate offices
-Notary Signing Agents/Loan Signing Agents
If you need to have a real estate document notarized, be sure to check with your local Notary Public to find a notary public in your area. Pac Signing Notary is an excellent resource for notarizing documents in the Oregon. We are professional and efficient, and their fees are very reasonable.
Bottom Line…
Real estate transactions are complex, and for that reason it’s important to have all the necessary documents notarized. In order for a real estate transaction to be legal, certain documents must be notarized. The most common of these are the deed and mortgage. The deed is the document that conveys ownership of the property from the seller to the buyer. The mortgage is the document that pledges the property as security for a loan. Notary publics are responsible for verifying the identity of the parties involved in a transaction and witnessing their signatures on documents. This helps to ensure that the documents are legally binding and that all parties are aware of their rights and responsibilities.