Posted by Amy_CO on 9/8/05 6:12pm
Msg #64268

reverse mortgage

I have one tonight and there is a transfer information form. No preprinted names on it just

Name of new owner/Corporation Title
Signature of New Owner/Corp Date

I have the Buyer/transferee signing tonight. DO they sign the above mentioned part of the transfer information. Hope this makes sense.

Reply by John Humphrey on 9/8/05 6:23pm
Msg #64270

If your signers are are just private individuals, like you and me, they DO NOT sign that part of the document. That signature area is reserved for corporate officer signatures only if the entity named as principle is a legal California Corporation.

Reply by John Humphrey on 9/8/05 6:28pm
Msg #64272

As a PS: That could be any state where they are a legal corporation, not just California. Living in California I tend to think in California-ese only.

Reply by Amy_CO on 9/8/05 6:35pm
Msg #64273

Thanks, this is for a California property but the borrower is here.