Today, I'm assigning the contract over to the BUYER, but he's suggesting on signing, getting it notarized and then sent back to me.

Payoff amount good through"______"Daily interest per diem" $________plus wire instructions and our notarized signatures.On the 17th of the month, they wired money to our account - in the amount of only the principal due, MINUS one day's interest!  

The bank has asked for a notarized copy of two id’s, along with the Operating agreement and Articles of organization.

In this case, getting it notarized might be a good idea.You might see if the new contractor would be open to deferring some payments until the property sells. 

Most title companies if your just one off buyer wont do the note for you.. they do them for me but we are a top tier client.So you have the note sent to title they prep the closing statement and deed and put your note in the file as well.. when its ready to close the title company is going to contact your lender provide wire instructions and tell them how much they need to wire into close.you going to either go in, or have a mobile notary come to you.. sign notarize the deed of trust ( Notes are generally not notarized or need to be  although does not hurt to do it but like I said not common and does not make them any stronger to notarize them)you sign... your lender wires in the dough  seller signs returns their docs.. and next day or so when all docs are together it closes and you now own it subject to the loan.the title company will then send the Original signed note and copy of HUD etc to your lender.. you get copy of hud.. your the owner lender is the bank. simple done every day.on the West coast we DONT use attornies to close and we do NOT do wet closings I have not been to a closing basically in 25 years.. occasionally if I am around the title company I will go in and sign but NEVER is the buyer and SEller in the same room and NEVER are checks distrusted on the spot like they do back east.For one I would NOT accept a check from a closer attorney or other wise I ONLY accept wires as a seller ...

In akron, the water department will give you a credit for leaks if you send notarized proof of us fixed

this is clearly the fun/storage wars/small-time heist option.i also emailed first alert, the manufacturer, and they told me that if i send them a notarized statement of ownership ($15 for notary) that they'll email me the combination. this way i'll end up with a $120 not-so-safe of my own. i could sell it and make a few bucks or keep it long enough to forget it in a property at which point one of you fine people will buy the place and exercise option 1: attack it with a crowbar. plan is to open it up on sunday. i'll post what i find.

Do we establish a notarized contract and nothing more?

Do we establish a notarized contract and nothing more?

It may have been notarized but not recorded.But I wouldn't know.