Posted by Shoshana/AZ on 5/19/10 1:50pm
Msg #337164

Another Title/Lender issue

Wife is taking title as married S&S. Husband is to sign the disclaimer deed. Instructions emailed to me said both borrowers to sign all docs. No sig line for husband on any doc except for the disclaimer deed. I am waiting to hear back.
We are expected to get it right the first time. Why can't they?

Reply by PAW on 5/19/10 2:00pm
Msg #337167

We are expected to get it right the first time.

Why can't they? LOL!! (I'm assuming that is a rhetorical question.) IMO, if one spouse is waiving ownership rights by signing the Disclaimer Deed, that spouse would not sign any other document. Sounds like the left hand doesn't know what the right hand is doing at the title company.

Reply by Bob_Chicago on 5/19/10 2:06pm
Msg #337171

"both borrowers - Seems to me that the first question

should be. " Is hubby a borrower?" If he is then he should sign all apprropriate dox,
if not, then the disclaimer deed would seem to be sufficient.
Most loan doc forms that I have seen have the word "borrower" on the signature line
or in the body of many dox. These dox are expected to be signed , as required, by a
NBS. Just to muddy the water a bit more.

Reply by Shoshana/AZ on 5/19/10 2:40pm
Msg #337183

Re: "both borrowers - Seems to me that the first question

Bob, as I stated before, the only doc hubby is on is the disclaimer deed.

Reply by Grammyzoom on 5/19/10 2:50pm
Msg #337191

Re: "both borrowers - Seems to me that the first question

I think we all know the answer to that. He is not on title, he should not sign any documents. The Quitclaim Deed or Disclaimer Deed clears that matter up completely.

In the old days we were trained for a minimum of 3 years just to become escrow officers. Some title companies need to up their education for their title and escrow officers! Anyone want to help me develop another course but this one just for escrow or title?

Reply by Shoshana/AZ on 5/19/10 4:35pm
Msg #337219

Re: "both borrowers - Seems to me that the first question

Of course we know the answer. It's my policy to always double check.

Reply by Grammyzoom on 5/20/10 12:11am
Msg #337259

Shoshana you are right!!

OOPs Shoshana,

My answer was in no way a reflection on you. You are right to say you always double check and so do I. It is just frustrating when we have to deal with people who should know the answers and don't. I did not mean that you should not check when given conflicting instructions. My frustration, as I mentioned before, is with the TC and Escrow companies who put people in the positions of title or escrow officers who are not properly trained.

So, by the way, what was the outcome?

Reply by Shoshana/AZ on 5/20/10 9:01am
Msg #337276

Re: Shoshana you are right!!

Carol,
The outcome was what you would have guessed. I am doing the faxbacks now.
Shoshana