Posted by SoCalcloser on 6/20/09 12:47pm
Msg #292986

4506

I just got a call from a signing co. that escrow told him I need to have the wife sign her own 4506 and not sign as spouse on the husbands 4506 and to get it signed today and fedex for monday. First of all, it is almost 11am here in CA, its amazing that Im getting a call on a saturday morning to do this same day. Funding condition states that she must sign her own 4506. I have never had this issue come up. Instructions show to have both husband and wife fill out their info on the same form. Has anyone has this problem?

Reply by C. Wayne Moore on 6/20/09 12:55pm
Msg #292987

I have had two forms in the package (one for each of the borrowers) and one form with both names and SS # listed. I think it depends on the lenders preference.

Reply by Ilene C. Seidel on 6/20/09 2:43pm
Msg #292999

All the recent packages (at least this year and maybe some of last yr) require the bo to sign individual 4506. But if they wanted the bo's to sign separately why didn't they include 2/4506's?? Are they paying you for their blunder?

Reply by ikando on 6/20/09 3:45pm
Msg #293004

Whenever I have a couple as borrowers, I ask if they file their returns jointly. Then I have them both sign both the 4506 and 4506-T. Usually there is one for each individually, though. So as was mentioned, if they wanted wife's separate, they should have included it in the package. You should be paid extra for your additional effort.

Have you suggested that they send direct to the borrowers since it doesn't require notary work?

Reply by PE on 6/20/09 9:08pm
Msg #293033

at 11.am I had three deals done. this is a no brainer just get it signed and move one.

Reply by cntrlcalntry on 6/20/09 10:10pm
Msg #293038

Does anyone know why there is usually one for primary borrower and spouse to sign when they file jointly but also one for the co-borrower only?

Thanks

Reply by B on 6/20/09 10:44pm
Msg #293041

I have seen them both ways...