Posted by Cheryl/FL on 1/20/05 9:23am
Msg #17439

OOOPPPSSSS

Again, I have a question on "Security Documents". Can anyone advise which docs are "Security Docs"? I know the Deed of Trust or Mortgage is. Are the HUD, TIL, RTC, or Note a Security Doc? Thanks.

Reply by FNP Services, Inc on 1/20/05 11:40am
Msg #17460

The HUD, TIL, RTC, all riders to the mortgage and sometimes the closing instructions are generally what needs to be signed by the borrowers spouse even if they are not on the loan. Howvever, you will want to clarify exactly what docs are to be signed by any non-obligor parties with the respective title co., lender or SS. This is only a "general rule of thumb"


*Disclaimer*
FNP Services, Inc does not employ attorneys nor are we licensed to give legal advice. Please consult with your attorney concerning any legal questions or issues.

Reply by Mandi on 1/20/05 6:13pm
Msg #17528

I know some lenders also have the non-borrower sign a "non-borrower acknowledgement" for HELOCs.

Reply by C/Ca on 1/21/05 1:34am
Msg #17567

From what I understand " the note is held in conjunction with the deed of trust, which provides the security for the note". So I'm assuming those two would be security docs. but someone wanted me to come up with a third secure document and I had no idea. Called NNA and they didn't know either. Let me know if you find out or if they were incorrect.

Reply by Cheryl/FL on 1/21/05 9:47am
Msg #17586

Thanks everyone. I'm fairly new at this. I read the posts and am learning a lot.