Posted by Leon_CO on 1/24/09 6:11am
Msg #275484

A $.M.A.R.T. loan that wasn't so smart

I got a short-notice call to do a $.M.A.R.T. loan closing. There was a non-borrowing spouse on the documents. I told the husband that his wife needed to be there to sign some of the documents.

Apparently no one told the wife.

Sometimes the financial representative shows up for these closings. It would have been a good idea if he had been there for this one.

The wife was upset because her husband didn't tell her about the loan, and that she would need to sign some of the documents. To keep a long story short, I won't tell you all that transpired. I'll simply say, she decided that she would teach her husband a lesson.

She didn't sign.

Perhaps he'll communicate with her a little better in the future.

Reply by Todd/OH on 1/24/09 1:22pm
Msg #275500

I've had that happen. I called to confirm an appt and he was never told she would need to sign. They were separated and all that. Two weeks later, things were apparently worked out. The closing transpired without either saying a word.