Posted by MichiganAl on 7/10/07 3:19pm
Msg #199240

Question for a Missouri signing agent

I've got an signing here in Michigan for a rental property in Missouri. Lender is instructing that the non-borrowing spouse sign mortgage, rider, and TIL, but NOT the RTC. Hmmmm. Can't possibly be right, can it?

Reply by ericashaw on 7/10/07 3:25pm
Msg #199243

That can't be right but if it is non-owner ocupied there wouldn't be a RTC would there? They also have to sign item of amt fin.

Reply by MichiganAl on 7/10/07 3:32pm
Msg #199245

Well geez, that's even more interesting. Of course you are right, there shouldn't be an RTC, but there it is in the package. Maybe they're extending one anyway? I know a lender can still give an rtc if they want, even if it isn't required. Time to make more phone calls.

Reply by ReneeK_MI on 7/10/07 3:34pm
Msg #199246

If he's a MI resident, then wouldn't the dower law apply to any property he owned regardless of where the property is located?

Reply by MichiganAl on 7/10/07 3:40pm
Msg #199247

You know, this was supposed to be a simple question. Now it's getting completely convoluted. Why can't it ever be easy! T.C. now instructed me to have them both sign RTC and they'll figure it all out later. I think I'm just going to be the big dumb notary and do as I'm told.

Reply by ReneeK_MI on 7/10/07 3:42pm
Msg #199248

Al ... do you know how hard it is to pass up on such a great set-up??!!!

Reply by PAW on 7/10/07 8:41pm
Msg #199274

I was thinking the same thing. LOL :) n/m

Reply by MichiganAl on 7/11/07 12:16am
Msg #199319

I threw you a big fat meatball, go ahead and take a swing.

I can take it.