The problem was loan agents weren't present when you signed loan docs. They sent mobile notaries out who weren't trained on details of loans. All they really knew is where you were supposed to sign. If you had any questions, you might get an answer, but there was no real guarantee it was the right answer. Many people were convinced these loans weren't dangerous. Unfortunately, you only have three days to decide that you made a mistake and cancel the loan. Most people found out the hard way much later than that.
It should not be legal for notaries to have you sign such important documents without a loan agent present. The only requirement to being a notary is passing a test, and they are trained in identification, not mortgage loans, title, regulations, etc.
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