Posted by archkel@aol.com on 1/7/05 7:35am
Msg #15687

Deed of Trust

What does it mean when only one borrower is named on the Deed of Trust and there are two borrowers on the note and all other documents?

Reply by BarbaraB.NC on 1/7/05 9:29am
Msg #15697

It means in very simple form, The property belongs to one and the Mortgage belongs to two. In my state this would be questioned and probably not allowed. I'm in NC.

Reply by Shane_IN on 1/7/05 9:51am
Msg #15698

Make sure you check the rules in your state on these.

Here in Indiana, if the note is in 1 person's name, but 2 are vested on the title/deed. You need to have the 2nd person sign the Trust/Deed, TIL, RTC

I believe it depends on the dowry laws? (if i'm spelling that correctly)

Reply by Archrkel on 1/7/05 11:25am
Msg #15705

Thank you very much for the information.

Reply by maureen/nh on 1/7/05 11:43am
Msg #15706

It might mean you have a cosigner to the loan

Reply by Bob-Chicago on 1/7/05 12:36pm
Msg #15708

In most cases it means that someone screwed up and did not check their work
It is not a bad as it was in 2002 and 2003, when lenders were hiring people strait out of MickeyDs just to get the paper out. but a lot a loan docs still come in with missing names, Spouses last names with different spelling, etc.
Check to be sure, especially if the missing person's name is on the RTC and TIL
If so it should almost certainly be on the mtg/dot