Posted by Susan Bokobzha on 5/10/07 1:26pm
Msg #189702

definition

is a non-obligor someone is is not on the title or on the title but is not obligated on the loan

Reply by jba/fl on 5/10/07 1:29pm
Msg #189704

They are partial owner, but not on financials, therefore, signing certain docs.

Reply by Bob_Chicago on 5/10/07 2:25pm
Msg #189720

Do not quite agree. Non-obligor may not be on title......

at all such as a NBS in a spousal state.
Would have an interest in property, but would not
be named on the title
Would sign "legals" (eg mtg, rtc, til)
And yes, Susan is taking a test.
She will next ask what a " NBS" is.
Let her search for the answer. That is the best way to learn. .