yes those are common but in most states the document to be recorded needs to be notarized.. so I dont think the bank is going to sign and notarize this in fact i would be surprised if the boiler plate in their contracts specifically deals with this issue and does not allow anything to be recorded.. but good to bring up how these ya hoos are screwing innocent sellers.

You can go to a bank and get something notarized for free.If something is listed I go to the listing realtor.

Did I not? Are

If not, are you willing to own a new place for a couple of years and then move on again?

My lender sent me a bunch of documents to sign and notarize before overnighting the documents to the title company.

Those who are not are still great tenants but they tend to find "shift sharers" to help reduce the rent. 

@Abas Ali the contract would have to be notarized in order for it to a legal document.

Is it okay if we just use this form, and have it notarized by all?

although some HML do this and private lenders.other wise your right every lender on the planet would get one signed.one main reason is the second you sign and notarize that document It does not have to be recorded to be legal and in force. so in essence you have already taken the property back on the day you closed it.this is an old one and simply wont hold up.. and if the buyer of your property is living in it.. its residential.. most HML that do commercial purpose loans will have the borrower sign a document and get it notarized that its a commercial loan and the borrower is not going to live in the home.. this is SOP for HML of any size.

I'd also have details within as to exactly where they can go to get it notarized and returned back to you.