Reply by Lisa Peithmann on 2/26/07 4:11pm
Msg #177242
Usually closing instructions will tell you specifically and it depends on what state.
I know that in Illinois, non-borrowing spouse signs - Mortgage, TIL, Right to Cancel, and (I think I have spouse sign) the Itemization of Amount Financed. Hope this helps.
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Reply by Bob_Chicago on 2/26/07 8:44pm
Msg #177273
State law is not the issue as to which dox spouse is to.....
sign.
State law determines if a spouse, who is not on title, has
an interest in the property. If spouse has such an interest ,
then they must sign mtg/dot to make spouse's interest in
the property subject to the lien of the mtg/dot.
If the spouse is required to sign mtg, and if the transaction is subject
to a right to cancel, then the spouse , as with all parties , who have
an ownership interest in the property has a 3 day right to cancel. If the spouse
has a RTC, they should sign the RTC to acknowledge receipt of two copies of the RTC.
A party who has a RTC must be given a copy of the TIL (if there is a TIL)
and, therefore should sign the TIL to acknowledge receipt of that document.
Any further documents (eg tiitle affidavits, HUD, compliane agreement, E & O, etc)
to be signed by the spouse are as deternubed by the lender, and/or the title company
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