Pamela Knight

Today, I recieved a call from a potential customer. He reported that he needed to have a real estate package notarized and that he wanted to come to my office. Customer X inquired if he could bring his wife driver's license because she gets off work really late and his 84 year old mother's id because she has a hard time getting around, basically bedridden.

The response was "NO", he was informed that all persons signing documents needed to be present and their identification verified. Customer X stated that he was desperate and that he had to get these papers notarized. He was informed that we offered 24 hour mobile notary services, so he was interested.

He reported that it was about 10 documents requiring notarization, he wanted me to come at 10 p.m. Generally, for mortgage packages we charge a set fee, however the general public we charge the statuary allowed fee ($5.00) per document plus a convenience fee which includes travel.

However, when the rate was given, Customer X asked me if I lost my mind! He then went on to say, I taught you would just do everything for $5.00, I will just have to wait to the weekend to get this done. I laughed and my response was, "Good Luck with that!" He asked what I meant and I simply replied, "Stop Trying to Scam Me For Services." It is our job to be mindful of when people are trying to commit fraud.

Notary Publics are often asked to do a lot of things, some crazy, some legit and illegal stuff. Unfortunately, many customers are not knowledgeable the of state laws regarding notary services. It is very pertinent that customers know what a PA Notary can't do or you may be accused of breaking law by asking a notary to do the following:

1. Notarize your documents without without the signer being present. Services will be refused, no exception. You must also present valid identification.

2. Notarize your documents if they are signed before you are in the presence of a notary. You will be asked to resigned them.

3. Provide a copy certification of a birth certificate. You contact the Division of Vital Records. We can assist in making corrections on birth certicates.

4. Notarizing by proxy.

5. Notarize motor vehicle paperwork on Sundays and issue protests on days that banks are closed.

6. Notarize a document that has not been signed.

7. Backdate or forward date a document.

8. Give Legal Advice.

Please be advised that a Notary can to lose their commission, pay a fine and go to jail for committing inappropriate requests.

Urban Knight Enterprises,Inc. **610.935.5944** www.UKENotary.com

The Reverse Mortgage process can be quite different than with a forward mortgage and the borrowers require special treatment. We have experience in working with these matters. We offer a unique one-stop program for your Reverse Mortgages. You will no longer have to search to have several entities play a role in the process of closing your deals.

• Certified Reverse Mortgage Application Signer
  
• Certified Reverse Mortgage Notary Closing Agent
  
• Capable to explain documents and be clearly understood by seniors
  
• Professional, Patient and Understanding

You will receive the highest quality representation with Urban Knight Enterprises as we provide exceptional service and explore all avenues to facilitate and complete your reverse mortgage applications and loan closings.

Servicing Pennsylvania Counties of: Berks, Bucks, Chester, Delaware, Montgomery and Philadelphia

Please contact us today to speak with us about what we can do for you.

Urban Knight Enterprises, Inc. ** 610.935.5944 ** www.UKENotary.com

Urban Knight Enterprises, Inc. is a real estate investment services firm. We designed our organization to cater to the needs of the real estate, legal and financial industries and anyone in need of our services. We offer the following services:

• Certified Notary Signing Agent Services

• Real Estate Closing Services (Purchase, Commercial, Witness, REOs, etc.)

• Settlement Agent Functions (Distribution & Collection of Funds, etc.)

• HECM Application & Interviewer Services

• HECM Closing Services

• Branch Closings

• Merchant/Property Site Inspections

• Mobile County Deed Recording Services

We emphasize flexibility and provide features such as:

• Certified, Bonded and Insured

• Availability at your client's convenience

• 10+ years real estate experience

• Reliable knowledge and presentation of documents

• Single point of contact, concise status reporting, compliance review and quick turnarounds

• High Speed Internet Connection and Laser Printers

• Last Minute/Rush Assignments

• Extended service hours

Working with Urban Knight Enterprises ensures that your transactions will be handled professionally - which is why it makes sense to talk to us. For more information about our services, we invite you to Contact Us today!

Servicing Pennsylvania Counties of: Berks, Bucks, Chester, Delaware and Philadelphia

The U.S. Department of Housing and Urban Development has issued long-anticipated mortgage reforms that will help consumers shop for the lowest cost mortgage and avoid costly and potentially harmful loan offers. HUD will require that lenders and mortgage brokers provide consumers with a standard Good Faith Estimate (GFE) that clearly discloses key loan terms and closing costs. HUD estimates its new regulation will save consumers nearly $700 at the closing table.

The easy-to-read standard Good Faith Estimate (GFE) will clearly answer the key questions consumers have when applying for a mortgage, including:

o What's the term of the loan?
o Is the interest rate fixed or can it change?
o Is there a pre-payment penalty should the borrower choose to refinance at a later date?
o Is there a balloon payment?
o What are total closing costs?

The GFE will consolidate closing costs into major categories to prevent junk fees, and display total
estimated settlement charges prominently on the first page so the consumer can easily compare loan offers. HUD will specify the closing costs that can and cannot change at settlement, and if a fee changes, HUD will limit the amount it can change.

The Department performed rigorous consumer testing and found that the new Good Faith Estimate helped consumers select the lowest cost loan 9 out of 10 times, regardless of whether the loan was originated by a lender or a broker. HUD will require the new standardized GFE and HUD-1 beginning January 1, 2010.

PD&R's Office of Economic Affairs was instrumental in the development of the RESPA rule by providing policy guidance in developing the rule, conducting research to define the problems in the mortgage settlement process, overseeing the development of the new forms required by the rule, and writing the Regulatory Impact Analysis/Final Regulatory Flexibility Analysis.

For additional benefits and details about these reforms to the regulatory requirements of the Real Estate
Settlement Procedures Act (RESPA), click on the following links:

News release and fact sheet_HUD's Standard Good Faith Estimate_HUD-1 Settlement Statement


Please share this information.

***Urban Knight Enterprises, Inc. *** www.UKENotary.com 610.935.5944 / 484.482.6249

With all that is going on in this economy, many people losing their jobs, losing their homes, higher gas and food, etc., many ask how do I talk to my kids. I like many of you feel bad about having to say no to my kids when they reach for that special snack or that toy.

The fact of the matter, this is economy is cause families to come back to dinner table together and have open discussions together. So why not discuss the what is going on with the economy with your children. My daughter (8 years old) stated, "Mommy, I noticed that there has been a lot of people talking about money, lately. We have even been talking about it in school, some kids don't understand what's going on, some kids are sad because there parents lost their jobs." As a parent, finding the right words to say was hard.

I recalled conversations that I had with my parents as a child about the value of a dollar. So I had to put on my FDIC Speaker Hat and broke it down to my kids in a language that met their age range. Many may say you have an unfair advantage because you give "Money Smarts" seminars, well, that might be so, however, there are programs out there to assist parents with this matter.

We have got to get back to the basics of remembering the times of when we were children and how our parents had these discussions openly with us. Many children of today are being sheltered from the truth about money and the role it plays in our lives. The FDIC has information that can assist you in teaching your children about money, the banking system,etc.

For additional info, please see my blog, "Money Smarts", Our Children Need to Have Them Too!

Please take a look at these websites http://www.fdic.gov/ and http://www.mymoney.gov/, you will not be sorry! The website offers a free on-line seminar. You are never too old or too young to learn how to become financially literate.

The is one of the best gifts to give to your children!

Urban Knight Enterprises, Inc. * Real Estate Investment Services * 610.935.5944 www.UKENotary.com