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Signing in TWO capacities on ONE line
Posted by BobbiCT of CT on 8/9/19 7:53am Msg #609231
It depends. Definitely an answer you want documented from whoever hired you - title insurance company and/or lender.

Do this a lot and the answer changes with the circumstances and what the "higher authority" wants. Often Trusts do not have liquid funds to repay the loan, BUT do have the assets to secure the loan.

Signing instructions, I've experienced:
Sign twice everywhere: Name and Name, Trustee
OR
Sign twice on X, X and X: Name and Name, Trustee
Sign Only on Note: Name
Sign Only on Mortgage Deed: Name, Trustee
Sign Only on X, X and X: Name

It reads like the closer preparing the documents did not have software (or a typewriter to modify THE FORM) to meet the specific circumstances of the loan and borrower(s). Not to complicate, but you definitely want to document what you are told to do. Doing it not the way lender/title company wants can come back to bite you for FREE fixes months after documents are signed ... or a mad rush to fix it yesterday. Good luck - excellent learning experience.
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Messages in this Thread
 Signature question.... - Janet Megerdichian on 8/8/19 9:19pm
 Ask the title company not us. n/m - Colonel/IA on 8/8/19 9:44pm
 Re: Signature question.... - LJCA on 8/8/19 9:58pm
 agree with ljca...... - notarydi/CA on 8/8/19 10:40pm
 Poor Millie... :( n/m - Bear900/CA on 8/8/19 11:21pm
 Re: Signature question.... -  canotaryhere on 8/10/19 5:35am
 Re: Signature question.... -  Cheryl Elliott on 8/8/19 11:26pm
 Re: Signature question.... - Janet Megerdichian on 8/8/19 11:55pm
 Signing in TWO capacities on ONE line - BobbiCT on 8/9/19 7:53am
 BobbiCT knows what she's talking about! -  JanetK_CA on 8/9/19 2:35pm
 Always make that call - Luckydog on 8/9/19 8:13am
 Re: Signature question.... - Clem/CA on 8/9/19 9:22am
 Clem is absolutely correct. The above "answers" to the -  Scriba/NM on 8/10/19 3:21pm
 You're right... -  JanetK_CA on 8/10/19 9:11pm
 Re: Trusts - LJCA on 8/10/19 11:56pm
 Re: Signature question.... - jojo_MN on 8/14/19 10:35pm



 
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