Cash Notarization Archives - Notary Blog - Signing Tips, Marketing Tips, General Notary Advice - 123notary.com
123Notary

Notary Blog – Signing Tips, Marketing Tips, General Notary Advice – 123notary.com Control Panel

April 21, 2016

$400,000 cash at a signing. Can I have some?

$400,000 cash
I went to a closing and the client showed up with $400,000 cash, wanting to close on a condo without having his wife or anyone else know about it. I was really uncomfortable with it so I told him that we had to reschedule and I couldn’t take the cash. The man was really persistent, insisting that he trusted me with the money and that it would be ok but I refused. I had to get his wife to sign off on it anyway. I was shocked that had that much cash on hand!

Commentary from Jeremy. If the cash got stolen, lost in the mail, or stolen by the Lender or his helpers, there would be no way to track where the loss occured and the Notary could get blamed. Only the Mafia deals with that much cash unless they pay you electronically using MafPal.

3 refinances in a row!
I had a very convenient signing once where I had a bunch of refinances to do all in a row – the Dad, the Mom, and 3 brothers who all lived next door to each other. So I would do one, and move to the next house, and then the next house, and then the next! It was super convenient and I wish I had more signings like that!

A divorce signing
One Sunday, I had to do a signing with a husband and wife who were divorcing. The husband wanted to refinance his house as he still had payments on it. A brand new Porsche sat in the driveway. For some reason they refused to let me in the house! So we did the signing outside on a trash can while the father and mother in law stood watching us. The new car was totally worth more than the refinance! Such a funny situation!

As I live in the South, I once had a day where it was so humid in my breakfast sunroom, the ink on the papers printed on my ink jet printer started moving! I had to go to the library that day to print all my docs out! So when it’s hot and humid, don’t keep your ink jet printer in the sunroom!

You might also like:

Waiting for Santa on a Christmas Signing
http://blog.123notary.com/?p=16134

Married for 62 Years — an “golden” signing
http://blog.123notary.com/?p=16124

Share
>