Posted by TERRY BOXER REAL ESTATE BROKER on 1/25/07 9:57pm
Msg #172623

nEED EXPLAINIATION

THE TERM CAME FROM A TITLE COMPAY
HUSBAND NAME TO SIGN SPOUSAL
HIS NAME WAS NOT ON DEED OF TRUST OR NOTE
I BELEIVE THE MORT COMPANY WASH MUTUAL ADDED THIS ON TO MY SIGNING INSTRUCTIONS AND THE BORROWERS HAD NOT AGREAD TO THIS. THIS WAS BETWEEN A MOTHER AND FATHER AND DAUGHTER. THE DAUGHTER GOT MARRIED AND CHANGED HER NAME FROM MAIDEN NAME TO HER HUSBAND NAME
PLEASE SNED EXPLANIATION TO ME AT [e-mail address]

Reply by Mindy_WA on 1/25/07 10:00pm
Msg #172624

Re: ??? I'm not following... n/m

Reply by christiSocal on 1/25/07 10:02pm
Msg #172625

shakin my head too n/m

Reply by Dennis_IN on 1/25/07 10:13pm
Msg #172628

Wife is only one on title. If they live in a dowary (sp?) state and she is married, the Spouse must sign the Mtg, TIL & RTC (if needed). I have had a couple closings cancelled because the spouse didn't know about the refi. Boy did he get an ear full. MHO

Reply by Dennis_IN on 1/25/07 10:18pm
Msg #172630

I forgot to say that If spouse's name was not on those docs that I would add it.

Reply by CaliNotary on 1/25/07 10:22pm
Msg #172631

"PLEASE SNED EXPLANIATION TO ME AT [e-mail address]"

So now people can't even be bothered to come back to the board to check replies to their questions?

Reply by Becca_FL on 1/25/07 10:26pm
Msg #172632

Turn OFF all caps and get a grip.

After you have done the above, try asking the question again.

Reply by Becca_FL on 1/25/07 10:30pm
Msg #172633

I think I might get what you are trying to say???

Mother, Father & Daughter are on title. M&F sign and daughter signs spousal docs joined by husband because it's a spousal state.

Am I on the right track?

It's not up to WaMu, they are just following the law. If spouse does not sign, loan will not close. End of story.

Reply by PAW on 1/25/07 10:36pm
Msg #172635

Is CO a spousal state?

I don't think so. So non-borrowing spouse may not be on title and therefore would not need to sing the "legals". Not our job to determine who signs what. That's up to the lender and title company to determine.

Reply by PAW on 1/25/07 10:37pm
Msg #172636

Oops... sing s/b sign. n/m

Reply by Becca_FL on 1/25/07 10:47pm
Msg #172639

C'mon Paul...as if I know WTH goes on in CO???

Shoot, I don't give up precious brain space for things I really don't need to know first hand. Funny thing is, I'm closing MANY CO properties lately, as one of my investor clients is scooping up all they can find, but I still have no need to know CO real estate, homestead or community property laws. I'm like you, in many regards (yes, I've learned to take off the TC hat) I do what I'm told. If I have to go back, at least I'm getting paid. If "they" don't know what the heck they're doing, it's not up to me to tell them. Right?!

Reply by Larry/Ca on 1/25/07 11:15pm
Msg #172640

PAW I think you....

were right, as always, in a post elsewhere when you said that you could find no LAW that required spouses to acknowledge by signature receipt of the spousal disclosures, they only need be informed of and given these I believe. I've been looking but haven't found anything. Perhaps if someone here knows that there is a LAW that spouces MUST SIGN disclosures they could point us to that law.

Reply by ReneeK_MI on 1/26/07 4:43am
Msg #172641

Larry - looking for needle in a haystack

When you're talking about mtg lending, real estate, consumer and/or spousal rights - you're talking about a huge and very tangled web of interconnected laws & regulations, guidelines and 'best practices'.

State laws affect whom is required to sign the mtg - those signing the mtg are, by that virtue, provided coverage under certain Federal laws and consequential state laws, and all of it falls under myriad umbrellas of regulations and guidelines as determined by other involved parties (such as those insuring title or the investors).

There's a lot of simple questions in this industry, but definitely not many simple answers! =)

Reply by Les_CO on 1/26/07 9:02am
Msg #172651

Re: Is CO a spousal state?

Co is NOT a spousal State, however we do have a 45 K "homestead" exemption. Many lenders require spouse to sign DOT. If Terry is a licensed CO real estate broker (as I am) he should know this. Any why.

Reply by MistarellaFL on 1/26/07 9:27am
Msg #172653

Communication skills are needed n/m

Reply by Les_CO on 1/26/07 9:38am
Msg #172656

Re: Communication skills are needed

I don't know if you are referencing me or Terry, but both of us could use some help! I meant to say "Colorado" not "Co" is not a spousal state....... "And why". not "Any why" sorry for the typos

Reply by MistarellaFL on 1/26/07 1:07pm
Msg #172692

Re: Communication skills are needed ***Les

I was actually commenting on the original poster's inability to effectively
communicate his question.
It would certainly be helpful if posters asked questions in complete sentences.

Reply by Gary_CA on 1/26/07 10:18am
Msg #172660

eASY aNSWER to all this kinda crapola

"I see your point Ms. Borrower and I absolutely will not ask you to sign anything against your will. I don't know how important this matter is to you, but if we don't sign these docs the way the bank asks, it'll probably hold up your loan. What'll it be???"


Ours in not to reason why
Ours is but to sign and stamp and dot the i.