Posted by Debbie/OH on 3/19/07 3:09pm
Msg #180657

Dower state

In a dower state, when husband is on note, & wife on Mortgage , does she need to sign the loan application? How would I know if she is one of the borrowers? Which docs should she sign besides RTC and Mortgage? Thanks for your help!

Reply by Susan Fischer on 3/19/07 3:11pm
Msg #180658

Test question? n/m

Reply by ZeeCA on 3/19/07 4:35pm
Msg #180689

YES IT IS A TEST QUESTION AS I HAVE SEEN IT

I have found any time they ask ridiculous questions or questions period, i flip thru and YUP low ball company so I toss it

Reply by Joan_OH on 3/19/07 3:24pm
Msg #180660

Because I live in Ohio, I don't think this is a test question because I know where she is coming from. Only those listed on the loan application are to sign it. It has been my experience that those that are listed on the 1003 are the same listed on the Note and visa-versa. Generally, dower or vested owners sign the RTC, Mort, and TIL. Some lenders/Title have additional docs they want signed - Countrywide comes to mind.

The only sure thing in this business is the minute you think you know it frontwards and backwards, some lender or title will have different requirements. Best bet is to clarify with your hiring party. Never take it upon yourself to add things in or arbitrarily add signatures. We are not attorneys.


Joan

Reply by BrendaTx on 3/19/07 3:35pm
Msg #180661

Joan, You are so gracious. And, by the way, you way is the exact same way we sign in Texas. (Seems like all states are--I would be interested to know whose is not.)

I agree with Susan...and apparently she and I both feel negatively toward people who won't spend a little time using the search button to put forth effort/study and therefore actually "learn" the answers.

Reply by Joan_OH on 3/19/07 3:55pm
Msg #180670

Brenda - I really DON'T think this is a test question. I've never seen a test question start with a reference to a "dower" state. And the "usual" test question is "what does it mean when 2 are on the note, but only one on the Mortgage?". We all know what answer they want, but really, when I see this situation, it usually means someone messed up and there was supposed to be a deed adding someone on. In 4 years I've never seen the scenario they test you for. LOL

I pictured this as her having a set of loan documents sitting in front of her and not knowing exactly what to do. Calling the title company, Signing Company, Reading the lenders instructions, are all good things to do when in this situation. You can always come to a message board, but really, all lenders are different, all states are different and in the end, the lender/title makes the calls. So if it is new to you, ask the appropriate party.

Joan-OH

Reply by Ndwa on 3/19/07 3:59pm
Msg #180673

I did a Citi bank refi last week where the NOBS was not required to sign the TIL. I called to question, but they said only have her sign where her name is printed.

Reply by Sharon Nunley on 3/19/07 4:12pm
Msg #180680

I have found, Joan, that Ohio's Notary Law booklet is not as clear as, say, Florida or California.
Those of us from Ohio appreciate your sharing your expertise in Notary how to's. I encourage newer Ohio notaries to cut and paste everything you can find on OH notarization because it will help you understand that which, sometimes, is not so clear in our booklets. Thanks again

Reply by Susan Fischer on 3/19/07 4:26pm
Msg #180685

A few years ago, the NBS was on the DOT. but no sig line for her. Silly me, I had her sign anyay, being named on the doc and all. I was yelled at, and had to do a re-sign. I questioned; more yelling; did what I was told. To this day, have no idea why. Normal refi.

BTW, language of the original post struck me as one of those 'meaningless' test questions. My apologies if I'm out of line. Agree with the premise: if in doubt, call for direction.

Reply by Larry/Ca on 3/19/07 4:31pm
Msg #180687

I've had loans where...

not even the borrower had to sign the RTC. I had to sign a statement that I had given them two copies. Just illustrates that we should ONLY have borrowers sign as directed by OTHERS. Never, never decide for yourself who should sign what.

Reply by BrendaTx on 3/19/07 6:41pm
Msg #180703

Perhaps you are correct, Joan. My mind is taking me to a Nationwide Appraisal test over three years ago. That's where the bell is ringing for me...I could be wrong.

I guess that my experience with new people has been that if they knew the info discussed in the questionsthey would know the answers...if they didn't know the answers to those questions they didn't know how to ask the questions. JME.


I was new once upon a time...my way was using the phone and calling the company I needed to get the info from. When in doubt and cannot reach the company, make a copy and do it both ways.

Reply by Larry/Ca on 3/19/07 4:06pm
Msg #180676

This question comes up frequently.....

and for good reason. As far as I know there is NO federal or state law that says NBS or other financially interested party need acknowledge receipt of federally mandated disclosures by SIGNATURE, they need only be provided these disclosures. Most likely a lender/title best practice for proof interested parties have been given these disclosures. Like Joan, I would never add a name or signature to anything unless I was directed to do so.

Reply by Sharon Nunley on 3/19/07 4:14pm
Msg #180682

Re: This question comes up frequently.....

Thanks to Roger too!

Reply by ZeeCA on 3/19/07 4:37pm
Msg #180690

I am suspect when some1 posts a question and then you never

see their name in any of the responses following the question.....

Reply by Charles_Ca on 3/19/07 5:30pm
Msg #180698

That is an excellent point Zee! n/m

Reply by Leon_CO on 3/19/07 5:16pm
Msg #180696

>> In a dower state, when husband is on note, & wife on Mortgage , does she need to sign the loan application? How would I know if she is one of the borrowers? Which docs should she sign besides RTC and Mortgage? <<
------------------------------------------------
I wrote an article on my blog entitled 'The non-borrowing spouse'. It answers all of these questions, and provides guidelines that can be used in any state.

Good luck.

Reply by Debbie/OH on 3/19/07 6:01pm
Msg #180701

Re: Dower state Response

I appreciate other peoples input as well as what I read and research to complete my assignments. This was NOT a test question. I am happy to get feedback from people that have a lot more knowledge than myself! Isn't this why we are here? I look for answers where I know best to find them. I did do a search, I could not find an answer to my question. If someone would like to kindly point it out to me, I think that would be very nice of you! I would appreciate it.
As for not responding when a new person posts a question. I myself see how some are pounced upon. Heck I was hesitant to ask, knowing I would be pounced on to, but what the heck!! Thank you all..Debbie