Remote Online Notarization Tips

Remote Online Notarization Tips

Remote Notarization has taken the State of Florida by storm due to COVID-19; however, it is important to be aware of the following about Remote Online Notarization (RON).

A Florida notary is not automatically authorized to be a Remote Online Notary. The Florida notary must, first, complete the online education training course then the notary will receive a certificate that will need to be submitted with your registration.

Skype, Zoom and FaceTime are not valid RON approved tools; therefore, to apply to be an online notary public, the applicant must first enter into contract with a RON approved company that will provide you with the technological support you will need to perform online notarizations.

RON is a great tool in these times, especially with the current COVID-19 situation; however, since there are still quite a few uncertainties on how the process works, Orlando FL real estate attorneys like Nishad Khan P.L. can help. Call Nishad Khan P.L. to learn more about RON and how it works.

Top 3 Things to Know About Refinancing

1. A lender will require the Borrower to purchase of a loan title insurance policy at closing. If you would like to save on costs, you can provide a copy of your owner’s title insurance policy that you received after your purchase of your home to get a discounted rate on your lender’s loan title insurance policy.
2. Your survey from your purchase of your home can be used in the refinance provided that no changes have been made to the structure on the property or the boundaries of the property (i.e. fences, sheds, etc.). The new lender may ask for the survey to be certified in their name; however, obtaining a recertification of a prior survey is typically cheaper than getting a new survey or in some cases even free!
3. There is a 3 day “waiting” or “right to cancel” period before the loan proceeds from your refinance for your primary residence is disbursed; therefore, it is important to schedule your closing accordingly. This three day waiting period is to ensure that you will have time to review the material disclosures in connection with the loan before deciding whether to go through with the refinance your home. If you change your mind in those 3 days, you can sign a Notice of Right to Cancel and the loan will be canceled.

If you have any questions regarding refinance transactions, Orlando FL real estate attorneys like Nishad Khan P.L. can help. Call Nishad Khan P.L. to learn more about refinance transactions and how they work.