Snapdocs confusion "Requires FULL info of host title office"

Beginner's Questions
1

I’ve never used snapdocs and I’m a bit nervous about making a mistake. Can someone explain what that means in the title line. Specifically it says " ESCROW REQUIRES FULL INFO OF HOST TITLE OFFICE".

2

What state will the signing occur in? I’ve read that Texas requires certain real estate signings to be in the office of a title company or attorney.

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3

Yes it is in TX. I should have mentioned that. Does that mean that SnapDocs has a location already for the homeowner? The notification gave almost no info other than that

4

Sounds to me like if you accept the assignment, they want you to let them know what title office you’re using for the signing.

JMO

5

Ashton you’re right. Texas Equity loans (HELOCS, Cash out Refis, and some reverse mortgages) must be signed in a Law, Lender, or Title office. This requirement is built into the Texas Constitution, Article 16 Section 50.

SS are now requiring the address and principle of the office you choose to close in. They record this information to make certain what the NSA is doing is in compliance with State Law.

6

When it comes to Texas Equity loans the SS and Title co. assume you know Texas requirements for closing these types of loans.

7

@RiverpointeTax I heard the TX law changed a bit very recently and NOW if you do the signing in the parking lot of a title company or attorney office, that is sufficient. Think someone posted it here … sounds like that defeats the whole purpose of the TX law IMO but that is what I heard…any truth?

8

The NSA can use the parking lot, but only if the TC, Lender, or Law Office grants permission to do so. There was a lot of misinformation during COVID. SS were granting “permission or approval” to use parking lots for a closing, when there was no approval was granted by the TC, Lender, or Law Office. This means if permission wasn’t granted by whom ever is controlling the premises, including the parking lot, the loan could be ruled void. This is why NSAs need to keep records, receipts for the premises rental, who they talked with, etc. beyond their journal.

If foreclosures start to climb and lawyers will scour the documents to discover the loan didn’t close the way it should. This could be one of those situations where the E/O carrier won’t cover the notary since the closing wasn’t done meeting legal sufficiency.

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