Leon Austin, Colorado Springs Mobile Notary Services

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Frequently Asked Questions
 
As a notary signing agent, I am not permitted to give advice or discuss the terms of the loan with the borrower.  Nevertheless, I am frequently asked questions about certain documents, or the meanings of certain terms used. 
 
Listed below are sources from which you can get answers to these questions:
 
 
 
How Does Negative Amortization on a Mortgage Work? (Jack Guttentag - the Mortgage Professor)
 
 
 
 
Consult with your loan officer if you have specific questions about your loan.
 
 Loan Modifications: Beware

Loan-modification firms subpoenaed, By Margaret Jackson, The Denver Post, December 18, 2008

 

("... it's illegal even to solicit Colorado residents for loan modifications without being a state-licensed mortgage broker."  - Erin Toll, Director of Colorado Division of Real Estate)

 

Colorado Department of Regulatory Agencies, Division of Real Estate, Position Statement -- MB 1.5 - Loan Modifications (PDF)

 

Beware of Loan Modification Companies, Catherine Brock, April 10, 2009

 

Beware the Loan Modification Merry-Go-Round, March 6, 2009, MSNBC.COM